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Off-hole conductors confirmed by MPJ

Published 15-DEC-2015 13:04 P.M.


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Mining Projects Group (ASX:MPJ), the WA-based nickel explorer, has revealed the presence of off-hole conductors underneath its Talc Lake Prospect near Kambalda, WA.

Recently intersected nickel sulphides at its 100%-owned Roe Hills Nickel Project has raised optimism that MPJ can prove up a significant resource in WA.

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The Roe Hills Project is located approximately 120km east-southeast of Kalgoorlie and 70kms due east of WA’s premier nickel sulphide mining and processing centre of Kambalda in the Eastern Goldfields of WA.

Two holes drilled 600m apart at the eastern edge of Talk Lake, represent the first effective test of what is now interpreted to be the basal ultramafic sequence at Talc Lake.

A preliminary assessment of the DHEM data by MPJ’s geophysical consultants, Newexco, reports a strong off-hole conductor situated just north of Talc Lake, leading MPJ to conclude the conductor is ‘worthy of further evaluation’, according to an ASX filing.

A detailed assessment of all available geological and geophysical data is in progress to guide follow-up drill testing of this emerging high priority target area.

Assays received for another drill hole in the western region of Talc Lake confirm the previously reported presence of nickel bearing sulphides. A parallel assay result at Talc Lake was 1.3m at 0.5% nickel, 1,077ppm copper, 81ppb Platinum and 139 ppb Palladium from 256.8m.

Earlier this year, MPJ reported spot readings of sulphide blebs/veinlets using portable Niten XRF returned values up to 3.42% nickel.

Technical Director Mr Neil Hutchison said, “These results are an extremely exciting development in locating Massive Nickel Sulphides at Roe Hills. The eastern sequence is interpreted to be the main basal ultramafic flow in the Talc Lake area and potentially the most prospective. Newexco have identified new significant conductors coincident with recent Nickel Sulphide intersections within this sequence. These targets will be included in the high priority list for follow up drilling.”

MPJ anticipates completing the current field program before Christmas, with high priority drilling planned to re-commence early in 2016.

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S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.

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