(MENAFN- ProactiveInvestors)
() is continuing with its hi-impact drilling program at its wholly-owned East Laverton Nickel Sulphide Project in Western Australia.
Hole DDRDD0001 has been completed which was designed to test the strong EM conductor at Dragon 9 and was completed to a depth of 436 metres.
Details from Dragon 9 so far:
- Thick base metal zone intersected with chalcopyrite visually identified in drill core and anomalous copper and zinc XRF values; and
- Quartz vein hosted sulphides with XRF spot values of 4.2% copper and 0.13% zinc.
Adding further interest a compelling new target for massive nickel sulphides at Desert Dragon North was confirmed by further modelling of the DDNDD0001 downhole electromagnetic (DHEM) conductor.
John Prineas executive chairman commented:
“We will review the geophysical aspects of Dragon 9 once the data from the downhole EM survey is received and complete follow-up drilling if recommended.
"The area is very prospective and we have additional untested EM conductors there that we are continuing to evaluate.
“The drill rig is now at Dragon 5 where we have another opportunity to test a highly quality target for massive nickel sulphides.
“We have a tremendous pipeline of high quality prospects.
"There is over 40 kilometres of strike of prospective greenstone just in the Stella Range Belt and the targets we have drilled represent only a small footprint.
“We are confident that persistence together with good technical and systematic exploration will deliver a significant discovery.”
Assay timeline
Initial drilling assays are expected this week.
Also drilling of hole DDRDD0008 is underway at Dragon 5 to test a strong EM conductor on the lower greenstone contact co-incident with a large gravity anomaly.
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