Significant gold results for Nickelore

30 January 2008 | 03:12 Code : 16637 Geoscience events
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Nickelore Ltd has received the results from infill reverse circulation drilling at....

Nickelore Ltd has received the results from infill reverse circulation drilling at the Big Blow North prospect at the company’s Bardoc Gold Project, located 50km north of Kalgoorlie.According to Nickelore, the ten-hole reverse circulation drill program included intersections of 4m @ 6.8 g/t Au from 19m, 4m @ 3.5 g/t Au from 53m, 4m @ 2.6 g/t Au from 30m and 3m @ 2.5 g/t Au from 26m. The company has reported that the majority of these drill intersections in the mineralised zone at Big Blow North are less than 40m below the surface, supporting the potential for an open-pit mining operation at this prospect. At the southern limit of drilling, the mineralised intercepts are wider, but of lower grade, and the mineralisation remains open to the south and at depth. Nickelore Managing Director, Iggy Tan said that work on a JORC-compliant resource estimate was in progress and should be completed at the end of February 2008. “The company plans further drilling at Big Blow North in order to extend the current mineralised zone southward and to test the continuity and grade at depth in the higher grade zone,” Mr Tan said. “We are delighted with the latest results and plan to continue work to improve the value of our gold assets. “At the same time, we will maintain a strong focus on the flagship Canegrass nickel project in


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