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Nickel bearing sulphides intersected at Hanns Camp
Nickel bearing sulphides intersected at Hanns Camp.
About this update from Strategic Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 7343Z Strategic Minerals PLC 31 May 2016 \n\n31 May 2016\nStrategic Minerals plc\n(\"Strategic Minerals\" or the \"Company\")\n \nNickel bearing sulphides intersected at Hanns Camp\nThe Board of Strategic Minerals PLC (AIM: SML; USOTC; SMCDY) is pleased to announce that the first drill hole, HC001, at its Hanns Camp project, has intersected nickel sulphides. The sulphides present include Pentlandite and exist in a low level disseminated form at approximately 286m downhole.\n· Nickel sulphides located: Pentlandite intersected in first Hanns Camp drill hole\n· XRF analysis (x-ray fluorescence): Characteristics consistent with major West Australian Yilgan nickel deposits\n· Exploration concept validated: Extensive high-Mg (magnesium), cumulate texture ultramafics present\n· Vectoring sulphide source: Additional holes and downhole electromagnetic survey to follow\nXRF analysis has yielded anomalous nickel levels of 1.2%, which compare positively to the 0.2-0.3% background nickel of the host ultramafic unit. To further validate the exploration concept, the majority of the ultramafics intercepted have been high-Mg and composed of cumulate texture olivine. These are all key characteristics of komatiite lava flow environments, key hosts to many of the major West Australian Yilgarn nickel deposits.\nThis is the first drill hole of the maiden Hanns Camp programme and is testing the Forrest target. The drill hole is nearing completion and once it reaches the footwall of the ultramafic unit a downhole electromagnetic (\"EM\") survey will be conducted. This will further assist with better identifying any potential nickel sulphide accumulations, that these disseminated sulphides may relate to.\nThe project manager believes the drill hole deviated below the EM conductor target, and the planned downhole EM will help confirm this and more accurately pinpoint the conductor. Once established, this location may be revisited to drill an additional hole aimed at intercepting any further defined EM conductors.\nFollowing completion of HC001, the drill rig will move onto the second target; Stirling, to complete the second drill hole of the programme.\nAll reported nickel values were determined from 'point'...