38.3 metres at 0.23% nickel and 17.7 metres at 0.19% nickel both came from the diamond hole YHDD001, which was testing a 300-metre long electromagnetic conductor.
Drilling intersected two zones of elevated nickel within ultramafics.
The two zones with nickel sulphide potential were identified at the base of both serpentinised ultramafic’s intersected.
These zones bear the strongest sulphide mineralisation within ultramafic and also contained cobalt.
READ: Accelerate Resources begins second stage exploration after discovering large copper-cobalt system
Accelerate’s managing director Yaxi Zhan said: “Stage two drilling at Thomas Creek is already underway with a fourth drill hole and we are planning for further exploration program in line with our strategy to best position Accelerate to attract large partners to further develop the Mount Read project.”
Exploration towards generating drill targets
The identified potential for nickel-copper-cobalt sulphide deposits in the area is encouraging.
An untested 1.4-kilometre strike length of stronger EM anomalies coincides with ultramafic rock less than 1 kilometre east at the Henrietta Prospect.
Assessment of this key target when field operations recommence will initially include mapping, stream sediment sampling, gridding, rock chip and soil sampling.
Ground EM surveys will then follow to define drill targets.