Panoramic Resources Limited (ASX:PAN) has intersected better than expected mineralised thickness in its ongoing infill underground Resource definition drilling at the company’s Savannah Nickel Project in Western Australia.
In the June quarter the company commenced a new underground drill programme to test and infill the poorly drilled area of the Savannah orebody located immediately below historical workings and above the 900 Fault.
The drill programme is being undertaken from a drill cuddy on the 1425 level that was recently developed as part of ongoing mine access to this area of the Savannah mine. The 1425 level and subsequent mine development in this area provides much improved drill angles (near perpendicular to strike) to evaluate this part of the Savannah orebody.
When completed this development is also ideally positioned to continue testing the orebody below the 900 Fault which currently contains a Mineral Resource of 14,900 nickel tonnes at an average grade of 1.65% nickel.
Results for the third drill fan of three holes completed above the 900 Fault from the 1425 drill cuddy continue to return significantly thicker mineralisation intercepts than predicted by the current Savannah resource model.
In the third completed drill fan, the increased thicknesses are noticeable in all three drill holes with the highest grade reported in the second and central drill hole (KUD1937) as the orebody approaches the 900 Fault.
The third and lowest hole of the fan (KUD1942) intersected mineralisation outside the resource and effectively extends the Savannah Resource in this area. All three holes have been successful in extending the current Mineral Resource along strike or down plunge. T
he significantly thicker mineralised intercepts returned in the third fan above the 900 Fault, coupled with the flatter plunge on the mineralisation indicated by KUD1942, mirror the increased width and plunge observed in the initial two fans and will increase the current Mineral Resource in this area of the mine.
The results for the three drill holes completed on the third drill fan of the current program targeting above the 900 Fault are: § 19.90m @ 0.96% Ni; 0.71% Cu; 0.05% Co from 104.15m in KUD1932 including o 8.90m @ 1.33%Ni; 0.57% Cu; 0.07% Co from 104.15m § 16.95m @ 0.97% Ni; 0.42% Cu; 0.05% Co from 114.05m in KUD1937 including o 5.95m @ 2.05% Ni; 0.70% Cu; 0.10% Co from 114.05m § 9.00m @ 0.82% Ni; 0.25% Cu; 0.04% Co from 140.3m in KUD1942.
The aim now remains to complete the program pattern of holes above the 900 Fault followed by the update of the Mineral Resource and mine plan for this area during the calendar year.
Once the drill programme above the 900 Fault is completed the plan is to then begin testing and upgrade the Savannah resource below the 900 Fault in 2023.h
