We aquired Ruth Well, with nickel/copper/cobalt and then we discovered the ZAC Project. 

The Ruth Well tenements were aquired through our 2017 Elysian transaction. Then in early 2018 E47/3487 was granted and we quickly commenced drilling. 

The existing drill intersections of high-grade nickel mineralisation are:

  • 11 metres @ 4.3% nickel, 1.5% copper, 0.13% cobalt, from 55m (RWRC218), ➢ including 3 metres @ 13.1% nickel, 1.0% copper, 0.35% cobalt from 59m;
  • 3 metres @ 6.0% nickel, 1.2% copper, 0.18% cobalt from 69m (RWRC230), ➢ including 1 metre @ 13.8% nickel, 1.7% copper, 0.41% cobalt, from 70m; and
  • 4 metres @ 5.4% nickel, 3.0% copper, 0.17% cobalt from 79m (RWRC220), ➢ including 1 metre @ 15.9% nickel, 6.7% copper, 0.49% cobalt from 81m.

 

Recent high powered SAM geophysicalsurveying hasidentified multiple “high-order” Galvanic Source Electromagnetic (GSEM) targets within a broader VTEM target area - and this is the Zac Project.

Our 2018 drilling, as announced in May registered grades up to 11.5% nickel. We completed 38 RC drillholes, over a 2,838m drilling program, with the following intercepts:

  • 13 metres @ 2.14% Ni, 1.19% Cu, 0.07% Co, 0.6 g/t Au, 0.6g/t Pd from 55m (EWRC003) (including 2m @ 8.74% Ni, 3.12% Cu, 0.26% Co, 1.58g/t Pd from 57m - and including 1m @ 11.15% Ni from 57 metres
  • 21 metres @ 1.11%Ni, 0.88% Cu, 0.05% Co from 30m (EWRC002) (including 1m @ 2.54% Ni, 0.66% Cu, 0.07% Co, 3.73g/t Au & 2.82g/t Pd from 30 metres
  • 11 metres @ 0.85% Ni, 0.55% Cu, 0.05% Co from40m (EWRC003) (including 1m @ 1.81% Ni, 0.64% Cu, 0.08% Co from 55 metres)

 

 

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