Emu Nickel NL (ASX:EMU) Announce Possible Mineral Extensions At Windy Knob Joint Venture Tenements

Emu Nickel NL (ASX:EMU) has completed a four-hole, 1211m RC drilling programme at Austin South, Defiance and 4E near the Austin copper-zinc-gold-silver discovery near Meekatharra, WA. The targets at Austin South and 4E comprise discrete magnetic anomalies similar to that associated with the Austin volcanogenic massive sulphide (VMS) deposit of Silver Swan Group. The target at Defiance comprises a 1km-long magnetic anomaly with anomalous copper and zinc values associated with a silica-magnetite unit identified in previous shallow drilling.

Cross sections of WKRC4 at Defiance and WKRC5 at 4E are shown in Figures 2 and 3 respectively (see link at the bottom of the release). The geology and alteration suggest that the sequence may be overturned (i.e. interpreted chloritic footwall alteration is now in the hanging wall) similar to the sequence at Austin. The silica-magnetite-sulphide horizon anomalous in copper and zinc also appears to be similar to that associated with the VMS mineralisation at Austin and may be a fold or thrust repeat of this horizon.

Downhole electromagnetic (DHEM) surveys were completed on three holes (WKRC4 was blocked and could not be surveyed). The DHEM in drill hole WKRC-1 at Austin South and WKRC3A at Defiance detected several minor in-hole or near-hole conductors consistent with disseminated or stringer sulphides. The DHEM in drill hole WKRC5 at 4E identified moderately strong in-hole and off-hole conductors interpreted to be related to flat lying stringer sulphides.

Emu Nickel is encouraged by these results which indicate possible extensions of the fertile horizon which hosts the Austin VHS deposit into the Windy Knob joint venture tenements. In addition, drilling at the nearby Austin deposit by Silver Swan continues to indicate that this VMS system plunges towards the joint venture tenement boundary at depth, providing an attractive deep target for Emu Nickel. Further testing of these targets is being planned.

For the complete Emu Nickel announcement including figures and tables, please refer to the following link:

http://www.abnnewswire.net/media/en/docs/63934-ASX-EMU-509210.pdf

About Emu Nickel NL

Emu Nickel is an active, nickel-focused, Australian-based mineral explorer with a significant portfolio of projects in Western Australia ranging from grassroots to advanced nickel sulphide projects.

Incorporated in 2007, Emu Nickel was formed to farm-in to Image Resources’ extensive portfolio of nickel projects in the Eastern Goldfields and Forrestania-Southern Cross nickel provinces and in turn allow Image to focus on its core mineral sand projects.

The Company's objective is to discover high-value nickel sulphide deposits in Australia by exploring its portfolio of projects in order to create wealth for its shareholders. Emu aims to achieve this objective by the application of sound geoscientific and commercial criteria and, where appropriate, by partnering with other companies which have the skills and financial resources to add value to Emu Nickel’s projects.

 

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