Sign up Australia
Proactive Investors - Run By Investors For Investors

Segue's partner MMG Exploration readies drilling activities at Plumridge Nickel Project

Segue shares are up 40% over the past month, currently trading at $0.057.
Drill targets over regional magnetics at Plumridge Nickel Project
Joint venture partner MMG is funding and managing the drilling program

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.

READ NOW: Segue Resources proposes a name change to Arrow Minerals

View full AMD profile View Profile

Arrow Minerals Ltd Timeline

Related Articles

Picture of timetable for Wolfsberg project
March 13 2018
Chairman Tony Sage says the key number in the prefeasibility study will be the net present value.
Ironbark’s vessel the Nunavik
August 09 2018
Ironbark is hopeful of attracting equipment suppliers to reduce the capital cost of building its big zinc mine by 30% or US$150 million.
1528891944_Berkwood-Resources---drill-core.jpg
June 13 2018
Lac Guéret Extensions is adjacent to one of the highest grade graphite projects in the world

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

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