Boss Resources (ASX:BOE) should trade higher today after revealing visual results from maiden drilling at its Skogtrask Nickel-Copper Project in Sweden.
Diamond drill hole 1 intersected 23 metres of semi massive and disseminated nickel sulphide mineralisation from 111 metres to 134 metres.
Sulphides occur as irregularly distributed disseminations and stringers, and visual inspection of core suggests high grade mineralisation at 1 to 1.5 metre intervals of densely disseminated and semi-massive mineralisation.
Mineralisation extends to a depth of more than 150 metres along the dip direction and remains open at depth.
Drill hole 2 has also intersected several intervals of disseminated and stringer sulphides, and confirmed that nickel sulphide mineralisation is distributed along the footwall contact of the gabbro-norite-pyroxenite intrusion.
Based on visual inspection of the core, coupled with the surface outcrops of sulphides, it is estimated that the mineralisation has a strike length of more than 350 metres and is still open on both flanks.
This second hole has shown that separate sulphide layers, suspended at the higher levels of the magmatic column are present in the Skogtrask intrusive body.
Boss has prepared and sent the core collected from the first two holes drilled at Skogtrask to Labtium, a commercial certified lab in Finland that specialises in nickel sulphide mineralisation.
Assay results are anticipated in 2 to 4 weeks.
Continuity of intersected mineralisation will be studied using down hole electromagnetics, which is currently in progress.
Based on the DHEM results and geochemical distribution patterns of the indicator elements, the next exploration drilling campaign will be prepared.
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