Quarterly Activities Report
Brisbane, July 31, 2015 AEST (ABN Newswire) - Axiom Mining Limited (
ASX:AVQ) had excellent results from the drilling program during the quarter. The company recorded a total of 129 holes with an aggregate of 2236m using one drilling rig, and consistently intercepted high grade nickel mineralisation especially at the prospect areas of Havihua and Kolosori Ridges. The company looks forward to delivering more encouraging results with six drilling rigs during the next stage of exploration - resource definition drilling. This drilling program is well on its way to determining a resource sufficient to support the first two to five years of our planned direct shipping of ore (DSO) operation.
Project highlights Isabel Nickel Project, Solomon Islands
Drilling results at Kolosori Ridge confirm high grade nickel mineralisation, including:
19.0m @ 1.55% Ni from 2.0m including 10.9m @ 1.99% Ni from 9.2m
11.8m @ 1.76% Ni from 5.0m including 7.3m @ 2.21% Ni from 8.7m
17.6m @ 1.52% Ni from 1.0m including 6.7m @ 2.40% Ni from 10.3m
18.0m @ 1.61% Ni from 1.0m including 4.4m @ 2.28% Ni from 14.0m
Additional significant high grade limonite intersections include:
5.0m @ 2.09% Ni from 9.0m
3.5m @ 1.59% Ni from 6.5m
8.1m @ 1.49% Ni from 6.0m
Drilling results at the Havihua Ridge prospect confirm the continuity of high grade nickel mineralisation. Drilling highlights include:
10.5m @1.52% Ni from 0.5m, including 7.5m @ 1.84% Ni from 3.0m
8.0m @ 1.49% Ni from 2.0m, including 6.0m @ 1.74% Ni from 4.0m
10.3m @ 1.18% Ni from 1.5m, including 3.8m @ 1.77% Ni from 8.0m
Project highlights
Drilling program accelerates
Axiom contracted six drill rigs to commence a resource definition drilling program for the Isabel Nickel Project to determine a resource sufficient to support the first 2-5 years of a 2mtpa direct shipping of ore operation.
Community training
Axiom sponsored first aid training for 75 Kolosori locals alongside 45 employees to help promote safety amongst employees and locals in the company's project area.
Australia Solomon Islands Business Forum 2015
Axiom spoke on the company's efforts towards the sustainable development of Solomon Islands' first nickel mine.
To view the full report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-AVQ-870162.pdf
About Axiom Mining Limited
Axiom Mining Limited (ASX:AVQ) focuses on tapping into the resource potential within the ore-rich Pacific Rim. Through dedication to forging strong bonds and relationships with the local communities and governments where we operate, Axiom Mining has built a diversified portfolio of exploration tenements in the Asia-Pacific region. This includes a majority interest in part of the Isabel Nickel Project in the Solomon Islands and highly prospective gold, silver and copper tenements in Solomon Islands and North Queensland, Australia. Axiom Mining is listed on the ASX.
For more information on Axiom Mining, please visit www.axiom-mining.com
| ||
|
