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Jervois Mining updates market on 2009 exploratory drilling at Summervale

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Jervois Mining (ASX: JRV) has issued an update regarding 2009 exploratory drilling activities for nickel and cobalt at its tenement in Summervale near Nyngan in NSW.

The company targeted a possibly large mineralised extension to the known nickel/cobalt resource of the its adjacent Westlynn (EL 6009) tenement.

Forty four exploratory holes were drilled in the new tenement, within a zone identified by ground and airborne magnetics.

Of these holes, 11 intersected significant mineralisation, particularly for nickel, and a further five intersected nickel intervals at 0.5% and above, with the approximate distance between Holes 39 to 34 2km.

In terms of ‘scout drilling’ where the location of possible mineralisation is not known with certainty, a 1:4 ratio for significant results is very encouraging.

Jervois managing director Duncan Pursell said the results also indicated the new tenement could encompass a very large structure.

Further exploration at Summervale in 2010 will include an RC drilling program and an electromagnetic ground survey in the area of the significant intervals.

The delay in announcing the final assay results was due to samples being sent to an interstate laboratory for processing.

Quick facts: Jervois Mining Ltd

Price: 0.18 AUD

ASX:JRV
Market: ASX
Market Cap: $115.49 m
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