Cyclone Metals Limited (ASX: CLE) has recovered a number of gold nuggets from additional test pits at the 100% owned Nickol River Gold Project, located 10km east of Karratha in the West Pilbara of Western Australia.
Highlights
• Sub Audio Magnetics (SAM) surveyed completed and interpretation received.
• Test pits are being located on interpreted SAM structures for validation.
• Gold nuggets up to 20.5 grams recovered from test pits, for a total of 76 grams, from M47/577
• Positive results from test pits indicate that SAM has successfully identified gold bearing structures.
• Planning for a maiden drill programme will begin based on results to date.
“It is very encouraging to find coarse gold in nugget form, from this single tenement at Nickol River, from below tertiary river gravel and on SAM identified structures,” Director Will Scott said.
“Work programmes completed since the acquisition of the Nickol River Project are delivering positive results, that bode well for a drill programme in the near future and based on current results we will move towards a maiden drill programme.”
A Programme of Work (PoW) was approved on January 19, 2022, for the Nickol River Gold Project for 18 test pits 20m x 10m by 1.0m deep over tenements M47/87, M47/401, M47/127, M47/421 and M47/577.
Gold nuggets have been recovered from test pits within M47/577, up to 20.5 grams in weight.
A SAM survey completed in November 2021, and the subsequent interpretation by Southern Geoscience Consultants (SGC) completed early this year, has formed the basis for the location of the test pits.
The structures the test pits were located on appear to be validated, and will form the basis for a maiden drill program.
Mr Scott said Cyclone will also continue to assess opportunities to further consolidate the Nickol River Project area.
For further information please visit: https://cyclonemetals.com/
