Proactive Investors - Run By Investors For Investors

InterMet Resources to start aircore drilling at Calypso nickel sulphide project

InterMet Resources to start aircore drilling at Calypso nickel sulphide project

InterMet Resources (ASX: ITT) will this week start aircore drilling this week at its Calypso nickel sulphide project in Western Australia.
   
This initial 10 hole program will confirm and extend nickel sulphide mineralisation and prospectivity of an ultramafic intrusive identified by BHP Minerals in their regional gold exploration during the mid-1980s.

Nickel sulphides assaying 16 metres at 0.2% nickel from 42 metres, including a high value of 2 metres at 0.43% nickel were obtained in the only hole assayed by BHP Minerals in the Zeus aeromagnetic anomaly.

However, disseminated sulphides and cumulate ultramafic textures were recorded in other holes drilled in both the Zeus and Argos anomalies which were not assayed or followed up.

The drilling program, which may be extended subject to exploration success, will also:

-    Confirm the ultramafic and sulphide textures described in drilling over the Argos anomaly and along the flank; and
-    Test a possible structural feature adjoining the Argos anomaly to the south east and identified by the company’s recent detailed ground magnetic survey.

The Calypso Project is an early stage nickel exploration project located within the southern extent of the highly endowed Agnew-Wiluna Nickel Belt, which plays host to several world class deposits, along with a number of smaller nickel resources. 

These include the 335 million tonne at 0.516% nickel Mount Keith, Perseverance, the 189 million tonne at 0.69% nickel Honeymoon Well, and the 60 million tonne at 0.813% nickel Cosmos Deeps.

 

Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.

View full 1PG profile View Profile

1-Page Ltd Timeline

Related Articles

location map
April 02 2019
Verify helps brands detect location ad-fraud and verify the authenticity of location data to ensure their campaigns are targeting the areas they are supposed to
Mobile payments
February 15 2019
The firm works with tech giants such as Google, Amazon, and Microsoft to help them process payments from their mobile customers across their app stores
.com domain
April 08 2019
Minds & Machines full-year 2018 results showed an ‘exceptionally strong’ start to the current year, with recurring revenues now accounting for the majority of income

© Proactive Investors 2019

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