Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Pioneer Resources Identifies Nickel-Copper Drill Target At Fairwater In Albany Fraser

Pioneer Resources (ASX: PIO) has identified a priority nickel-copper drill target and four other nickel prospects at its Fairwater Project in Western Australia's Fraser Range.

Ground fixed-loop electromagnetic surveys completed in October 2013 at the FWN001 prospect had confirmed the T3 target as a sub-vertical conductor that could potentially host massive sulphides.

The company's geophysicist described the target as being "reasonably well-constrained" and provided a recommendation for future drill testing.

T3 was one of the anomalies identified by previous airborne VTEM.

Separately, available geochemistry data has identified a further four nickel prospects comprising Proterozoic-aged structures with coincident nickel geochemistry and magnetic spikes along with six large areas with anomalous gold geochemistry.

Future Work

Pioneer will carry out a soil geochemistry sampling program comprising 2,500 samples through December 2013 and January 2014.

Ongoing exploration into 2014 will include:

- Soil sampling of the FWN002 to FWN003 nickel targets;
- Surface electromagnetic surveys of subsequent nickel-copper anomalies; and
- Stratigraphic drilling of ground electromagnetic conductors, including T3 and others.

Pioneer has a 75% interest in Fairwater, which covers 650 square kilometres in the Albany-Fraser Orogen about 200 kilometres south of Kalgoorlie and between 100 and 130 kilometres southwest of Sirius Resources' Nova and Bollinger nickel-copper deposit.

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.