Widgie Nickel Limited (ASX: WIN) has intercepted multiple broad zones of mineralisation in first hole from an initial two drillhole brownfields exploration programme at its Mount Edwards Project in Western Australia.
The first Reverse Circulation (RC) exploration drillhole at the Gillett North target (MERC225) encountered significant widths of visual sulphides across two intervals. MERC225 was drilled approximately 300 metres north of the drilling previously announced by the company in April 2022.
“Widgie investors will have heard me use the phrase ‘drill where the Nickel is’,” Managing Director, Steve Norregaard, said.
“This first brownfields exploration hole on the Gillett North target is a validation of that ethos. Intersecting significant mineralisation 300 metres north of the current Gillett Resource indicates that we may have the makings of a new standalone deposit or indeed a continuation of the existing Gillett Resource.
“The current Widgie 3, Gillett and Widgie Townsite Resources which sit over a length of over 1.7 kilometres already has an endowment of over 70,000 tonnes of Nickel. To see an intersection of this width between the Gillett and Widgie Townsite Mineral Resources demonstrates the ample opportunity that exists to see the resource base grow in this Widgie South area.”
A downhole electromagnetic (EM) survey crew is currently surveying holes at Gillett, once these surveys are completed downhole EM will be completed on both MERC225 and MERC226.
Due to the encouraging results from the first hole, an additional five holes have been added to the Gillett North RC percussion program, which now makes a total of eleven holes in the program with two holes completed to date. The drilling is scheduled to be completed over the next few weeks.
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