- Joined
- 30 June 2008
- Posts
- 15,343
- Reactions
- 7,221
So the first results of the diamond drilling came in. Management called them strong results and they are do reveal profitable ongoing nickel mining. But IMV there is still a way to go.
SP jumped to giddy heights on release of the report. Now up a modest figure.
Strong Initial Assay Results at Gillett Highlights
• First assay results received from ongoing drilling program with a continuous stream of results to be delivered
• Mineralisation intersected in areas outside of the current resource envelope at the Gillett deposit indicates the resource remains open to the north, south and down dip
• Width and grade of intervals drilled outside the existing Gillett resource indicates growth potential
• Nickel sulphide intercepts of note from reverse circulation (RC) and diamond drilling (DD) include:
8.2 m at 0.54% Ni from 220.8 m and 20 m at 1.42% Ni from 234 m (including 2.2 m at 4.18% Ni from 242.4 m, 1 m at 2.27% Ni from 246.2 m and 5 m at 1.93% Ni from 248 m) in MERC143 (DD) o
16 m at 1.79% Ni from 277.1 m (including 4 m at 3.10% Ni from 280 m) and 5.9 m at 2.16% Ni from 287.2 m in MERC144 (DD) o
.8 m at 1.84% Ni from 330.5 m and 4.4 m at 1.97% Ni from 334 m in MERC145 (DD) o 3.5 m at 1.11% Ni from 244.1 m (including 0.7 m at 3.44% Ni from 244.1 m) and 8.6 m at 1.08% Ni from 269.6 m including 2 m at 1.63% Ni from 275.1 m in MERC134 (DD) o
3 m at 1.43% Ni from 136 m (including 2 m @ 1.69% Ni from 137 m) and 3 m @ 1.02% Ni from 164 m in MERC132 (RC) o 1.1 m at 1.9% Ni including 0.1 m at 4.33% Ni from 360.9 m in MERC129 (DD) o
1 m at 1.38% Ni from 184 m in MERC130 (RC) o 8 m at 1.16% Ni from 274 m including 3 m at 1.95% Ni from 278m in MERC137 (DD
Strong Initial Assay Results at Gillett
SP jumped to giddy heights on release of the report. Now up a modest figure.
Strong Initial Assay Results at Gillett Highlights
• First assay results received from ongoing drilling program with a continuous stream of results to be delivered
• Mineralisation intersected in areas outside of the current resource envelope at the Gillett deposit indicates the resource remains open to the north, south and down dip
• Width and grade of intervals drilled outside the existing Gillett resource indicates growth potential
• Nickel sulphide intercepts of note from reverse circulation (RC) and diamond drilling (DD) include:
8.2 m at 0.54% Ni from 220.8 m and 20 m at 1.42% Ni from 234 m (including 2.2 m at 4.18% Ni from 242.4 m, 1 m at 2.27% Ni from 246.2 m and 5 m at 1.93% Ni from 248 m) in MERC143 (DD) o
16 m at 1.79% Ni from 277.1 m (including 4 m at 3.10% Ni from 280 m) and 5.9 m at 2.16% Ni from 287.2 m in MERC144 (DD) o
.8 m at 1.84% Ni from 330.5 m and 4.4 m at 1.97% Ni from 334 m in MERC145 (DD) o 3.5 m at 1.11% Ni from 244.1 m (including 0.7 m at 3.44% Ni from 244.1 m) and 8.6 m at 1.08% Ni from 269.6 m including 2 m at 1.63% Ni from 275.1 m in MERC134 (DD) o
3 m at 1.43% Ni from 136 m (including 2 m @ 1.69% Ni from 137 m) and 3 m @ 1.02% Ni from 164 m in MERC132 (RC) o 1.1 m at 1.9% Ni including 0.1 m at 4.33% Ni from 360.9 m in MERC129 (DD) o
1 m at 1.38% Ni from 184 m in MERC130 (RC) o 8 m at 1.16% Ni from 274 m including 3 m at 1.95% Ni from 278m in MERC137 (DD
Strong Initial Assay Results at Gillett