Emu Nickel NL (ASX:EMU) Intersects Potential New Nickel Sulphide Zone At Emu Lake Joint Venture
Perth, Oct 21, 2009 AEST (ABN Newswire) - Emu Nickel NL (ASX:EMU) Diamond drilling at the Emu Lake joint venture 70km northeast of Kalgoorlie (Emu Nickel earning 33-1/3% and Xstrata Nickel earning 66-2/3%) has intersected nickel sulphides to the north, south and within the Binti Gossan Zone, indicating that this mineralisation remains open to the north and identifying a potential new nickel sulphide position 300m to the south which is open at depth.
Significant intersections include:
ELD 023: 0.28m @ 5.35% Ni and 0.40% Cu from 292.79mELD 035: 0.22m @ 1.84% Ni and 0.74% Cu from 528.97mELD 036: 1.58m @ 3.70% Ni and 1.33% Cu from 320.56m
Ground EM surveys, diamond drilling and downhole EM surveys have been carried out at Emu Lake. The diamond drilling program comprised ten holes totaling 5,552m, with results from three holes yet to be received. A series of detailed fixed loop ground EM (FLEM) surveys were completed over and along strike from the Binti Gossan Zone, covering an aggregate strike length of about 6km. Three main target areas were identified by these surveys; the Binti Gossan Zone itself and conductors some 1km and 4km southeast along strike. Xstrata Nickel is earning a 66-2/3% interest in the venture by funding A$3.25million over a three year period to September 2010.
The diamond drilling targeted extensions to the Binti Gossan Zone and downhole EM anomalies within this zone, together with two holes at Zone C some 2.7km northwest of the Binti Gossan Zone.
The nickel sulphide intersections in drill holes ELD 023, ELD 035 and ELD 036 are of particular significance. ELD 023 (0.28m @ 5.35% Ni from 292.79m) is located about 300m south of the Binti Gossan Zone sulphides and represents a potential new mineralised position below which there is no existing drilling. ELD 035 (0.22m @ 1.84% Ni from 528.97m and 1.45m @ 0.76 Ni from 540.55m) indicates that the Binti Gossan Zone sulphides remain open to the north at depth. ELD 036 (1.58m @ 3.70% Ni and 1.33% Cu from 320.56m) indicates continuity of mineralisation between the upper and central lobes of the sulphide zones outlined to date. The two drill holes targeting an historic EM anomaly at Area C did not intersect significant mineralisation.
Emu Nickel is most encouraged by these nickel sulphide intersections which indicate that the Binti Gossan Zone remains open to the north and which identified a possible new sulphide position to the south opening up new drilling targets. Assays for drill hole ELD 041A are pending and a further two drill holes (ELD 042 and ELD 044) targeted on EM anomalies further south of the Binti Gossan Zone are currently being logged and sampled.
For the complete Emu Nickel ASX Announcement, please click the link below:
http://www.abnnewswire.net/media/en/docs/61615-ASX-EMU-464864.pdf
Related Companies
Social Media
Share this Article
