Segue Resources (ASX:SEG) will add more drilling to its busy exploration schedule as preparations are made for a 4,000-metre reverse circulation program at the Plumridge Nickel Project in Western Australia.
The drilling program will commence by the end of October 2017 and consists of 11 holes targeting seven electromagnetic (EM) conductors.
The targets are thought to represent nickel or copper sulphide mineralisation, similar to the Nova‐Bollinger nickel‐copper deposits in the southern end of the Fraser Range.
Drilling will be managed by the project’s joint venture partner, MMG Ltd (HKG:1208), who is earning an initial 51% interest in the project by funding $6.5 million of exploration.
Drilling is expected to be completed by the end of November 2017 with downhole EM to be conducted on all holes.
Busy exploration schedule
Segue is a Western Australian focused minerals exploration company exploring for gold, lithium and nickel.
Its project portfolio includes:
- Barlee Gold Project;
- Malinda Lithium Project;
- Plumridge Nickel Project;
- Plumridge Gold Project;
- Pilbara Gold Project;
- Pardoo Nickel Project; and
- Deralinya Nickel Project.
During late September, Segue commenced a 7,000-metre second phase of drilling at its Barlee Gold Project located in the Eastern Goldfields of Western Australia.
Last week it also commenced a reconnaissance gold exploration program at its 100% owned Pilbara Gold Project in the Pilbara region of Western Australia.
Furthermore, at the company’s Malinda Lithium Project, assays remain pending from a 17-hole reverse circulation program that is working towards a maiden JORC resource for the project.