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.
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)