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Mt Weld & Hanns Camp Projects - Exploration Update
Mt Weld & Hanns Camp Projects - Exploration Update.
About this update from Strategic Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 7762R Strategic Minerals PLC 19 June 2018 \n\nMarket Abuse Regulation (MAR) Disclosure\nCertain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.\n \n19 June 2018\n \nStrategic Minerals plc\n(\"Strategic Minerals\", \"SML\" or the \"Company\")\nMt Weld and Hanns Camp Projects - Exploration Update \n \nStrategic Minerals plc (AIM: SML; USOTC: SMCDY), a diversified mineral production and development company, is pleased to announce an update on the gold, nickel and Rare Earth Element (\"REE\") exploration at Central Australian Rare Earths' (\"CARE\") Mt Weld tenements, and the Hanns Camp JV Project in Western Australia, south-east of Laverton. \n \nKey Highlights\n· A 65 hole 3,863m aircore drilling programme has been completed at the Hanns Camp and Mt Weld Projects during the quarter.\n· 25 holes totalling 1,290m were drilled at the Hanns Camp South Targets. Cumulate facies ultramafic lithologies were recognised in one area potentially identifying another komatiite lava channel-facies position prospective for nickel sulphide mineralisation.\n· 40 holes totalling 2,573m were drilled testing a series of gold, nickel and REE targets in the Mt Weld group of tenements.\n· Partial gold assays have been received. Preliminary results to date have highlighted some zones of broad low-level gold anomalism within the weathered profile. These will be fully assessed to understand their significance upon receipt of all final assays.\n· Ultramafic lithologies were intersected over a number of areas within the Mt Weld Project area. Dr Martin Gole will be engaged to assess their significance and prospectivity for potential nickel sulphide mineralisation.\n \nChairman of Strategic Minerals, Mr Alan Broome AM, commented:\n\"It is pleasing to see positive preliminary results from the recently completed aircore drilling programme. The CARE geological team has identified a number targets from this work, considered prospective for gold and nickel mineralisation within both the Hanns Camp and Mt Weld group of tenements from this early stage exploration.\"\n\"In light of these initial results, the Board fe...