RE: Operational update July 202210 Feb 2023 12:41
legal, I don't believe PJ is despondent at all, previously two other target areas generated a much better reaction from PJ and would still make a significant difference to the company sp if proved up. Target T1.6, 15th Sept RNS "§ Based on 3D modelling of all available geophysical data including the previous AEM survey, the targeted T1-6 EM conductor been estimated to have an approximate strike-length of 2,600m in a broadly E-W direction and is estimated to extend for around 1,000m down dip (towards the south)." Then from 20th Oct RNS ""The initial findings from hole DDH1-6B are exciting, confirming the extension of pyroxenite layering to the south of original hole KKME1-6 and providing significant core intervals for expedited processing and subsequent assay testing.
The presence of visible sulphide mineralisation toward the end of the current hole has led us to make the decision to extend the planned target depth of DDH1-6B to at least 650m."
From Sept 30th Target T1.3 "Geophysical inversion of the MLEM data has highlighted a significant 'jelly-bean' shaped, geophysical conductor at target area T1-3. This conductor remains open to the east-west and sits within a magnetic trough observed in both the ground and airborne magnetic surveys. No drilling has ever been completed over this target area.
§ Historical airborne electromagnetic ("AEM") data over T1-3 have been further analysed with results showing the MLEM conductor may extend out to 1.6km in an east-west direction, based on coincident airborne/ground survey anomalies."
From Dec07 update on T1.3 "The inaugural drillhole (DDH1-3) into target area T1-3A is progressing well with the last reported depth being down to 355.66m. This drillhole is still underway.
§ Initial core review identified visible nickel sulphides at 327m and also within the interval from 348-354m, where an increase in intensity of visible disseminated sulphide mineralisation was identified. XRF readings taken within this interval have confirmed the sulphides to be nickeliferous.
§ It should be noted that the above findings are from the initial core review, and the grade of any nickel or other mineral intersections, can only be accurately determined from assay testing of ****genised samples at an accredited laboratory.
§ Hole T1-3 is continuing to the current planned target depth of approximately 450m"
So two out of four targets look very promising, whilst T14 and T2-3 (stretches over 12km) less so potentially