Sign up Australia
Proactive Investors - Run By Investors For Investors

Strategic Minerals posts positive preliminary results from drilling at CARE and Hanns Camp

Drilling has identified a number of prospective targets
Periodic table
Drilling shows Hanns Camp to be highly prospective for nickel sulphide mineralisation

Strategic Minerals Plc (LON:SML) has completed a 65 hole aircore drilling programme at the Hanns Camp joint venture and at the Mt Weld tenement of the Central Australian Rare Earths project, both in Australia,

A total of 3,863 metres was drilled. At Hanns Camp, 25 holes totalling 1,290m were drilled, while at Mt Weld, 40 holes totalling 2,573 metres were drilled.

WATCH: Leigh Creek represents 'the next stage' for Strategic Minerals Plc

Full assay results have yet to be received, but early signs at the Hanns Camp South targets show one area to be prospective for nickel sulphide mineralisation.

Meanwhile, at Mt Weld, the company is targeting gold, nickel and rare earth elements.

"It is pleasing to see positive preliminary results from the recently completed aircore drilling programme,” said Alan Broome, chairman of Strategic Minerals.

“The CARE geological team has identified a number targets from this work, considered prospective for gold and nickel mineralisation within both the Hanns Camp and Mt Weld group of tenements from this early stage exploration. In light of these initial results, the board feels justified in continuing the exploration effort at these projects over the course of 2018 and expects to be able to fully fund these activities internally." 

 

 

View full SML profile View Profile

Strategic Minerals Plc Timeline

Related Articles

copper tubes
May 30 2018
The latest economic study at Parys Mountain has delivered some encouraging numbers against a backdrop of rising base metals prices
copper wires
October 12 2018
Leigh Creek will add to the cash being generated by New Mexico-based iron ore business Cobre to fund exploration and development opportunities elsewhere.
1520866985_shutterstock_161588243.jpg
March 13 2018
Getting financing will be a "significant" milestone toward the construction, said the group

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