Widgie Nickel Limited (ASX: WIN) has obtained high-grade assay results from its recently completed drilling campaign at the Munda nickel deposit. Munda is one of the 12 nickel deposits within the flagship Mt Edwards project in Western Australia.
The company sees Munda as a complimentary satellite operation to the proposed Widgie South and Armstrong mining centres, which are both currently the subject of feasibility studies.
Given the existing significant nickel endowment of approximately 168kt of contained nickel (Indicated and Inferred Resources) across the entire Widgie Nickel portfolio, Munda with its high tenor mineralisation and low contaminant levels has potential to contribute to a larger scale, and/or longer life operation. The Munda mineral resource currently stands at 320kt at 2.2% Ni for 7,040t of contained nickel.
Highlights
- High grade nickel mineralisation intercepts include:
- 12.46m @ 2.05% Ni from 329.6m, Incl. 6.06m @ 3.20% Ni from 336.0m
- 1m @ 4.35% Ni from 59m
- 6.12m @ 4.39% Ni from 246.25m, Incl. 2.55m @ 7.08% Ni from 249.45m
- Exploration success with basal nickel mineralisation discovered 200m to the east of Munda deposit: MERC259 6m @ 0.81% Ni from 115m, Incl. 2.0m @ 1.12% Ni from 115m
- Reinterpretation of Munda 3D geological model highlights parallel high grade mineralised shoots not previously identified
- Munda mineralisation is desirable ore source being low in Arsenic
- Mineralisation remains open at depth downhole (Estimated true widths range from 40% to 70% of the downhole intercepts).
As one of the initial resources identified for upgrading in confidence I am encouraged by these results,” Managing Director, Steve Norregaard, said.
“Tightening up our understanding of the mineralisation removes uncertainty and in the case of these results has provided a new geological interpretation, which alludes to the opportunity for resource growth.”
