Panoramic Resources Limited (ASX:PAN) has intersected semi-massive sulphide mineralisation in its ongoing infill underground Resource definition drilling at the company’s Savannah Nickel Project in Western Australia.
The first drill hole completed from the 1381 Drill Drive East, KUD1875, was designed to test the northerly trending Upper Mineralisation Lens in this area.
A mineralised intersection was achieved at the target depth of 63.2m, thereby appearing to confirm the geological model. In addition, KUD1875 intersected an unanticipated 5.7m zone of semi-massive breccia sulphide mineralisation near the start of hole from 3.3m downhole.
Assay results have now been received for KUD1875:
- 5.7m @ 1.47% Ni, 0.63% Cu and 0.07% Co from 3.3m (Upper Splay); and
- 2.6m @ 1.70% Ni, 0.26% Cu and 0.06% Co from 63.2m (Upper Mineralisation Lens)
The two intercepts listed above detail the intersection of mineralisation on the Upper Splay and Upper Mineralisation Lens. Encouragingly, both intercepts represent mineable width and grade that are within close proximity to existing Savannah North underground infrastructure.
Managing Director and CEO, Victor Rajasooriar, said additional drilling is planned to better define the Upper Splay mineralisation lens and will be the focus of the upcoming Savannah North drill campaign. The results show the potential to extend known mineralisation and encounter new zones as drilling density increases from underground positions.
“The assays returned from our first hole into the eastern zone of Savannah North surpassed our expectations with the discovery of a new mineralised splay very close to existing underground workings.
“Drilling will continue to infill and better define the previously known Upper Mineralisation Lens and test the extent and tenor of the Upper Splay discovery. We’re confident this program will add to our future mining inventory in favourable positions which support the opening of new mining fronts and further de- risking of the Savannah Nickel Operation.”
