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Boadicea Resources eyes nickel-copper resources at Symons Hill

Published: 09:30 12 Dec 2016 AEDT

WA-Map-6---757
Boadicea Resources eyes nickel-copper resources at Symons Hill

Aircore drilling of an initial 7 geophysical targets was completed during October with a total of 183 holes for 5,506 metres being drilled.

The drill samples have been screened using P-XRF analytical techniques with a total of 157 samples being selected for re-sample and analysis using traditional assay techniques.

Assay results for these re-samples are not expected until mid January 2017 due to delays associated with the Christmas holiday period.

The drilling program was designed to test a number of gravity anomalies with the aim of identifying prospective mafic-ultramafic rocks.

Based on the regional magnetics, the Symons Hill license contains the same sequence of rocks which host the Nova/Bollinger nickel sulphide deposits.

This geological belt is also host to AngloGold Ashanti’s (JSE:ANG) Tropicana gold deposit (over 8 million ounces gold), considered the most significant gold discovery in Australia in the past decade.

Boadicea had a cash balance of $1.5 million as at 30 September 2016.

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