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LONDON (Alliance News) - Strategic Minerals PLC said Tuesday that unit Central Australian Rare Earths Pty Ltd has commenced a electromagnetic geophysical survey for potential Nickel sulphide targets at the Hanns Camp Nickel Sulphide Exploration Project located in western Australia.
"Further work by our geologists and our Nickel expert, Martin Gole, has highlighted three additional high priority areas for potential nickel sulphide mineralisation within our Hanns Camp tenements. The commencement of the EM Survey over the targets is a key step in the identification of drilling targets," said Strategic Minerals Managing Director John Peters.
The exploration company said the survey is designed to test the interpreted basal contacts of the ultramafic units, with the aim of identifying conductors and generating targets for drill testing.
Shares in the company were trading 1.3% higher at 1.27 pence each.
