Panoramic Resources Limited (ASX:PAN) has intersected thicker than expected mineralisation throughout the area in its ongoing infill underground Resource definition drilling at the Savannah Nickel Project in Western Australia.
The first phase of the programme, which commenced in June 2022, has now been completed. Testing of the Savannah orebody below the 900 Fault has now commenced from the 1425 level drill drive.
Drilling completed to date has tested and infilled the sparsely drilled area of the Savannah orebody located immediately below historical workings and above the 900 Fault has been completed.
The programme was undertaken from the recently developed 1425 level drill drive providing much improved drill angles to evaluate the Savannah orebody in this area.
Results for the completed programme above the 900 Fault are now being evaluated and modelled with the results to be incorporated in the next Savannah orebody Mineral Resource Estimate.
In total, the programme comprised of 33 drill holes for 4,291m. Drilling of the western section of the area above the 900 Fault was the final portion of the programme to be completed.
Mineralisation thicknesses intersected throughout the area tested by the programme completed above the 900 Fault were consistently better than predicted by the current Savannah resource model.
In addition, significant mineralised extensions along strike and down plunge beyond the limits of the current Savannah resource model were also identified with the mineralisation remaining open down- plunge to west along the 900 Fault.
Better drill intercepts returned by the program include:
- 19.75m @ 1.49% Ni, 0.49% Cu and 0.07% Co in KUD1917
- 8.95m @ 2.36% Ni, 0.56% Cu and 0.11% Co in KUD1918A
- 10.25m @ 1.50% Ni, 0.18% Cu and 0.07% Co in KUD1919
- 9.10m @ 2.52% Ni, 1.10% Cu and 0.12% Co in KUD1923
- 9.00m @ 2.95% Ni, 0.62% Cu and 0.15% Co in KUD1943
The drill results returned by the infill drill programme above the 900 Fault are expected to have a significant positive impact on the readily accessible Mineral Resource in this area of the mine which, once converted into an Ore Reserve, will support the development of a second mining front to supplement mining operations at Savannah North.
“The positive results achieved in the drill programme to infill and extend the Savannah orebody immediately above the 900 Fault is very pleasing,” Managing Director and CEO, Victor Rajasooriar, said.
“We look forward to seeing the impact these results will have on the next iteration of the Mineral Resource Estimate for this area of the Savannah mine in coming months. We also look forward to more drill results from the ongoing infill drill programme now underway to test the continuation of the Savannah orebody below the 900 Fault.
“Above and below the fault our current resources contain more than 35,000 tonnes of nickel and 20,000 tonnes of copper which we expect to grow from our drilling.”
For further information please visit: https://panoramicresources.com/
