Pure Resources Limited (ASX:PR1) has obtained “highly encouraging” shallow auger drilling results from exploration works at its Yundamindra Project in Western Australia.
The auger drilling programme returned multiple assays >1% Ni with a peak assay of 1.38% Ni.
During September, 1,171 auger drillholes were completed at the Yundamindra Project to systematically test for nickel anomalism over E39/2251.
The results from the auger campaign have highlighted a contiguous geochemical anomaly (>2,650ppm Ni, 90th percentile) that extends north-south over 1.8km.
Additionally, the auger drilling has identified multiple, discrete nickel anomalies or ‘hot- spots’ within broader geochemical haloes.
The auger results validate that there exists the potential for near surface nickel mineralisation and the company will now test the potential for lateritic and sulphide hosted nickel-cobalt mineralisation.
The team at Pure could not be happier with multiple drill hits returning results greater than 1% nickel, especially on the company’s maiden drill programme,” Executive Chairman, Patrick Glovac, said.
“The Yundamindra Project continues to return promising nickel results that warrant further exploration which is prospective for Kambalda Style nickel.
“These shallow high-grade results, along with recent rock chip results, from Yundamindra validate the potential for a near surface nickel mineralisation.
“The company will continue to undertake exploration on the Yundamindra Project for nickel with the focus on becoming a battery metals company.”
The Yundamindra Project consists of two tenements (E39/2251 and E39/2254) prospective for Kambalda Style nickel, and orogenic gold mineralisation.
E39/2251 shares the same rock types and sits directly south, along strike, from the Eucalyptus Bore Ni-Co Project which has an Ore Reserve of 32.2 Mt @ 0.91% Ni & 0.06% Co.
With respect to the gold potential, numerous prospects and historical workings occur both within greenstone and granite lithologies. Gold mineralisation is shear related and hosted by relatively high-grade auriferous quartz veins.
