Business
Drilling Commenced at Hanns Camp
Drilling Commenced at Hanns Camp.
About this update from Strategic Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 5610Y Strategic Minerals PLC 18 May 2016 \n\n \n18 May 2016\n \nStrategic Minerals plc\n(\"Strategic Minerals\" or the \"Company\" or the \"Group\")\n \nDrilling Commenced at Hanns Camp Nickel-Copper Project\n \nHighlights: \n· Hanns Camp drill programme has commenced\n· Three nickel-copper sulphide targets to be tested\n· Drilling completion expected within four to six weeks\n \nStrategic Minerals PLC (AIM: SML; USOTC: SMCDY), the minerals production and development company, is pleased to announce that resources have been mobilised and the Hanns Camp maiden drilling programme has commenced on schedule. The programme has been planned to consist of three drill holes, each targeting a different target - Forest, Stirling and Canning - within the Hanns Camp prospect at the Company's Laverton Project.\nThe planned programme will be the first nickel focused drilling at Hanns Camp since the late 1970s and it follows extensive analysis of historical records with recent electromagnetic (\"EM\") survey data. The programme consists of three drill holes, with the third dependent on success in the first two, and totals a depth of 1,050 metres in aggregate. The drilling programme is expected to be completed within four to six weeks, before being sampled and sent for analysis.\nEach drilling target is spaced approximately 800 metres apart in a NNW-SSE direction and comprise of a strong electromagnetic (EM) conductor, beneath anomalous copper-nickel geochemistry, defined from historic regolith sampling.\nAll drill holes are targeting nickel-copper sulphide mineralisation for which Hanns Camp has been identified as a potential host. Hanns Camp is considered to be one of the most compelling greenfield nickel-sulphide exploration opportunities in the Yilgarn Craton of Western Australia. \nHanns Camp forms part of the Laverton Project, of which Strategic Minerals recently secured an interest via its agreement to acquire up to 50% of Central Australian Rare Earths Pty Ltd (\"CARE\"). Hanns Camp is located 250km north-east of the city of Kalgoorlie-Boulder, 12km north-east of the town of Laverton in the North-Eastern Goldfields region of Western Australia. The prospect is easily accessible using existing trac...