Perth, July 22, 2008 AEST (ABN Newswire) - As foreshadowed in Emu Nickel's (ASX: EMU) March 2008 quarterly report, additional geochemical soil sampling has been carried out on the Koolyanobbing project to follow up anomalous results from initial wide-spaced sampling.
The follow-up sampling (on 200m x 50m centres) covered a cumulative 5km strike length of an interpreted ultramafic contact along one margin of the project area. The sampling defined a 1km-long nickel anomaly (peak 534 ppm Ni compared to a background of 20 ppm Ni) with coincident anomalous copper values up to 177 ppm Cu (compared to a background of 15 ppm Cu). A programme of airborne EM surveying (VTEM) of the interpreted ultramafic contact is being planned in order to follow-up these encouraging results and test the 5km contact zone for evidence of sulphide conductors. The VTEM survey is scheduled to be carried out in the September quarter. Nickel sulphide-bearing ultramafics occur approximately 20km northwest along strike from this anomaly, adding to the prospectivity of this area.
In addition the follow-up sampling has outlined a coherent gold anomaly some 1.5km in length and situated about 6km southeast along strike from the nickel-copper anomaly reported above. The gold anomaly ranges up to 300 ppb Au compared to a background of 0.5 ppb Au, and coincides with an interpreted shear zone evident from aeromagnetics. Field checking of this promising anomaly is in progress and it is anticipated that, subject to the necessary permitting, a programme of clearing and RAB drilling will commence in the September quarter.
Note:
The information in this report that relates to exploration results is based on information compiled by Roger Thomson BSc, ARSM, MAusIMM, who is a Member of the Australian Institute of Geoscientists. Roger Thomson is a director of Emu Nickel NL. Roger Thomson has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 edition of the 'Australasian Code of Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Roger Thomson consents to the inclusion of this information in the form and context in which it appears in this report.
Contact
Roger Thomson
Technical Director
George Sakalidis
Managing Director
Telephone: +61-8-9226-4266
Facsimile: +61-8-9485-2840
Email: info@emunickel.com.au
Web: www.emunickel.com.au
| ||
|
