RE: Carnegie @ EG25 Jul 2018 00:09
Carnegie Licence
The Carnegie nickel sulphide target in the Ernest Giles project area resembles both the geophysical signature and size of Independence Group's (formerly Sirius Resources') Nova nickel deposit. Only one previous hole has been drilled at Carnegie (by Greatland in 2015) targeting the geophysical magnetic anomaly. Significantly this drill hole intersected mafic intrusive rocks at end of hole (300m) showing strong heamatite and magnetite alteration supporting the presence of a mafic intrusive body prospective for nickel sulphides. Analytical results highlight the prospectivity, with elevated As and Pb to 18ppm and 40ppm, respectively, at end of hole. The 2018 RC hole at Carnegie is planned to a depth of 375 metres and will be included as part of the current drilling programme at Ernest Giles.