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  • Stratum Metals Identifies Nickel Sulphide Target At East Menzies, Plans Three Hole Test 0 comments
    Oct 11, 2013 12:42 AM

    Stratum Metals (ASX: SXT) has identified a high priority drill ready nickel sulphide target at the Emu Prospect of its East Menzies project in Western Australia.

    Notably, the target is located within a larger 10 kilometre nickel prospect trending zone.

    Gossans near conductors identified by the company's recent airborne electromagnetic survey sampled over a 410 metre strike length assayed rock chips up to 1.47% nickel.

    Historic drilling by CRA also provides significant promise, with intercepts of 3 metres at 1.5% nickel from 17 metres and 4.5 metres at 0.77% nickel from 52 metres.

    This is especially noteworthy given the current interpretation that this drilling had intersected remobilised disseminated nickel with newly identified primary nickel sulphide target being much steeper and untested.

    The company plans to initially drill three holes totalling 480 metres with provision to follow up on positive results.

    Details

    The recently defined conductor from the March 2013 HELITEM survey is not one of the original conductors prioritised by consultant Core Geophysics, demonstrating the importance of the company's systematic approach of cross referencing all datasets in prioritising drill targets.

    Core noted the weak, early to mid-time airborne electromagnetic anomaly coincided with nickel bearing gossans sampled early this year while historical drilling west of the gossans intersected disseminated nickel mineralisation.

    While the drill results appear to indicate that the mineralised zone is dipping shallowly to the west, the recent HELITEM modelling shows two much steeper conductors that have not been drill tested.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

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