Significant Open Ended Electromagnetic Conductor At Emu Nickel NL (ASX:EMU) Binti South Emu Lake Joint Venture
Perth, May 28, 2010 AEST (ABN Newswire) - Emu Nickel NL (
ASX:EMU) announces that recent interpretation of downhole EM (DHEM) data and further processing of existing fixed loop ground EM (FLEM) have confirmed the presence of 500m-long x 150m (down dip) EM conductor at Binti South, part of the Emu Lake joint venture situated 70km north east of Kalgoorlie.
The FLEM survey completed in 2009 identified a conductive trend parallel to the ultramafic rocks in this area. Several higher conductance targets were drill tested with results summarised in Emu's ASX release of 6 November 2009. Each of the completed drill holes were surveyed by DHEM which yielded further conductive targets.
DHEM surveys in drill holes ELD039 and ELD042A detected late-time, conductive anomalies striking south east from the holes.
Of significance, ELD042A intersected two zones of nickel sulphide mineralization including:
- 0.21m @ 6.32% Ni from 282.28m associated with a small conductor, interpreted to be 50m wide x 50m in strike length.
- 1.57m @ 1.14% Ni from 393.43m, including 0.45m @ 2.67% Ni, associated with a distinct conductor interpreted to be 500m in strike length and 150m down dip, but of lower conductance. This conductor could be open to the south. The locations of the interpreted conductors are shown in the cross section in Figure 3 (see link at the bottom).
Further FLEM surveys are planned in June 2010 to infill gaps in the previous survey coverage and to identify targets for diamond drilling. Emu Nickel is most encouraged by this large EM conductor which is known to be associated with nickel sulphides and which may remain open to the south. Diamond drilling of this highly prospective target remains a priority for Emu.
As previously reported, Emu has earned 80% of Image Resources' (ASX:IMA) (PINK:IMREF) 33 1/3% interest in the Emu Lake JV and has elected to proceed to earn the remainder of this interest. The balance of 66 2/3% is held by Xstrata Nickel Australasia.
For the complete Emu Nickel NL announcement including figures, please view the following link:
http://www.abnnewswire.net/media/en/docs/62973-ASX-EMU-492663.pdf
Contact
Roger Thomson
Technical Director
Tel: +61-8-9226-4266
Mob: +61-419-969-183
Email roger@emunickel.com.au
George Sakalidis
Managing Director
Tel: +61-8-9226-4266
Mob: +61-411-640-337
Email george@emunickel.com.au
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