Sign up Australia
Proactive Investors - Run By Investors For Investors

Parmelia Resources identifies nickel sulphide potential at Jaurdi Hills

Parmelia Resources identifies nickel sulphide potential at Jaurdi Hills

Parmelia Resources (ASX:PML) has identified significant nickel-sulphide potential at the new Dunnsville Nickel Prospect in the northeast of its Jaurdi Hills Project in Western Australia.

This follows independent analysis of historic soil geochemistry, drilling, mapping and aeromagnetics has identified nickel-sulphide potential at its Jaurdi Hills Project in Western Australia.

The prospect comprises two high priority and three low priority nickel-sulphide exploration targets spread along a 5 kilometre strike of the Jaurdi Ultramafic Belt.

The high priority targets are defined by coincident >500ppm nickel, 150ppm copper, 100ppm cobalt and >60ppb platinum-palladium soil geochemical anomalism.

The three low priority targets located between the Northern and Southern targets comprise smaller areas of >500ppm nickel coincident with >150ppm copper.

The anomalies were identified in legacy soil geochemical data from programs carried out by Coolgardie Gold in 1997 and Sentosa Mining in 2010.

Non-coincident peak assay results returned from these programs include 3470ppm nickel, 390ppm copper, and 305ppm cobalt.

A study by nickel exploration consultant Burke Geoscience has defined these previously unrecognised magmatic nickel-sulphide exploration potential at the new Dunnsville Nickel Prospect in the north-east of the Jaurdi Hills Project area.

Significantly, low manganese assay results returned from most samples suggests the anomalies are related to sub-surface geology or magmatic nickel-sulphide mineralisation rather than surficial scavenging by manganese oxide minerals present in the regolith profile.

The company now plans to refine targets for future drilling, and also continues to evaluate several additional nickel-sulphide exploration opportunities.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.



Register here to be notified of future VRI Company articles
View full VRI profile View Profile

Veriluma Timeline

Related Articles

shutterstock_302650592_58dc0a99d5fca.jpg
March 30 2017
This week the firm has bolstered its coffers to the tune of over $20mln via a now closed bought deal financing.
Investment-management.jpg
December 23 2016
Growth in the coming months will be achieved via a mix of well-judged acquisitions and getting the most from what it currently owns or has recently bought, the company said.
financialanalysis.jpg
December 07 2016
Buy-and-build: Be Heard plans to build a mid-sized network that combines scale, expertise and agility

© Proactive Investors 2017

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use