Estrella Resources Limited (ASX: ESR) has discovered a new zone of massive nickel-copper sulphides at Broonhill, 1.4km north of the T5 massive sulphide discovery, within the T5 Pyroxenite.
We are extremely excited with the CBP076 intersection of massive nickel-copper sulphides on the contact, which is reminiscent of the intersection achieved by CBP043 in 2019,” Managing Director, Chris Daws, said.
“It was this historic hole that led the company to drill and locate the T5 massive sulphides at depth, so we are particularly encouraged by what may come of this find.
“In addition, the intersection of further nickel-copper sulphides in an area which already hosts the historic Carr Boyd mine and our T5 Discovery illustrates the significant potential of this region for discoveries.
“I want to take this opportunity to thank our team for their hard work and diligence in making this new discovery. We will continue to accelerate our Phase 4 drilling to expand our understanding of this emerging region and I look forward to updating shareholders as we progress with this work.”
Phase 4 RC hole CBP076 has intersected a broad zone of sulphides, with the lower 10m consisting of disseminated nickel-copper sulphides and a lower 2m of massive sulphides on the T5 Pyroxenite basal contact.
The basal contact in this area has not received any historic drilling and the Company’s vectored exploration model has been pointing towards this area as being highly prospective.
The Phase 4 Northern RC Program was initiated to address this and to date has intersected varying degrees of sulphide mineralisation, some of which have been previously reported as significant.
The company’s exploration model, developed over the last 10 months, has been predicting this northern contact to be of high nickel-copper sulphide potential, due to the magma flow direction, mapped locations of sulphide assimilation and the T5 to Broonhill contact orientation.
The Phase 4 RC program still has another 2km of highly prospective basal contact yet to explore/ Historically, this area has received no historical drilling specifically targeting sulphides on the basal contact.
Assay results have finally been received for CBP048 which hit semi-massive sulphides above the T5 Discovery Zone as announced to the market on 10th September 2021. A 6m interval starting at 182m down hole averaged 1.0% Ni, 0.8% Cu, 0.5g/t Pt+Pd and 2.3 g/t Ag.
