Widgie Nickel Limited (ASX: WIN) has obtained significant results, from both infill and extensional drilling, from its recent Reverse Circulation (RC) and Diamond drilling (DD) programme targeting the area at the Widgie South project in Western Australia.
Highlights
Potential to unlock significant Nickel resources to the south in an area that remains untested
• Gillett forms part of the “Widgie South” project area that is a key component of the Mt Edwards project pipeline, currently containing combined Resources of 71,800t of Nickel with further upside potential as mineralization remains open to the north and south of Gillett, in addition to a largely untested 1km corridor between Gillett and Widgie Townsite further to the north
• Follow-up drill testing of the fertile basal contact has commenced.
Widgie is awaiting the assay results from a further 14 RC/DD infill holes. In addition, 11 Widgie Townsite DD tails are also pending processing and assays, and 9 RC pre-collars having been drilled at Gillett North with diamond tails to follow in the forthcoming weeks.
Managing Director, Steve Norregaard, said the ongoing success at Widgie South, comprising Widgie 3, Widgie Townsite and Gillett/Gillett North is painting a promising picture as a major nickel production centre in the company’s portfolio.
He added that, given the existing significant nickel inventory of 71,800t Ni (Indicated and Inferred Resource) across these three deposits, the potential here will be much larger in scale having a significantly longer mine life than the company’s other advanced nickel deposit, Armstrong, which is currently moving through final feasibility studies.
“Drilling at Widgie South continues to pay dividends with further great results both within the existing resource shape and outside.
“The latest results complement our previous results at Gillett announced in early April and mid-February reaffirming grade continuity within the current deposit and upside potential. Hole 23MERCD017 represents a very significant intercept well beyond the southernmost drilling at Gillett to date.
“Widgie South drilling is set to continue for the remainder of the first half of 2023 as we further expand, refine and define the limits to the mineralization. This vital information will feed into economic studies to demonstrate the inherent value of this very significant asset in the second half of 2023.”
Future Work
The company plans to maintain drill activities on the greater portfolio throughout 2023 with both an RC and DD rig continuing to operate on site. With diamond drilling currently underway to provide a better understanding of the relationship between Gillett and Gillett North, high priority extensional drilling has also been planned to follow up on this exploration success south of current Gillett mineralization, with the RC pre-collars to be drilled immediately.
For further information please visit: https://www.widgienickel.com.au/
