Lunnon Metals Limited (ASX: LM8) has extended mineralisation with its discovery drilling programme in the Warren channel, part of the previously operated Foster nickel mine at its Kambalda Nickel Project (KNP) in Western Australia.
Previously reported Ddiamond hole WRN22DD_005, intersected a 1.06m wide nickel sulphide zone hosted in a basalt-basalt pinch out position, below the main Kambalda Komatiite-Lunnon Basalt contact.
The intersection was on the up-plunge northern edge of the target Down Hole Transient Electro-Magnetic (DHTEM) conductive plate.
Assay results have now been returned with the following significant intersection (above a 1.0% Ni cut off):
• 1.06m @ 5.28% Ni, 0.43% Cu, 0.13% Co, 1.27g/t Pd & 0.82g/t Pt (351.34m); Results have also been received for WRN22DD_004W1, drilled in the down dip position on the mid-section line of the same DHTEM plate. This hole intersected nickel mineralisation in a number of places indicative of potential basalt-basalt pinch outs in the down dip direction.
A significant intercept above a 1.0% Ni cut off was: 5.60m @ 1.06% Ni, 0.14% Cu, 0.03% Co (401.4m): Following the success of the programme to date, two further parent holes, and an additional wedge hole from one of these parents, were drilled to determine the extents of the nickel mineralisation associated with the DHTEM plate.
Details of holes WRN22DD_006, WRN22DD_006W1 and WRN22DD_007 are included later in this announcement. DISCOVERY RATIONALE Lunnon Metals’ programme is designed to demonstrate that the separate Warren channel has the potential to host substantially more than the current figure of 6,400t1 of nickel metal.
The Foster channel, 1.5km to the immediate south-east, has an endowment of over 103,000t of nickel at 2.92% Ni (>61,000t mined previously up to 1994 and 42,100t1 in the company’s current JORC 2012 Mineral Resource estimate).
The company is targeting the prospective nickel contact between the very broad drill spacing left by WMC Resources Ltd (WMC) when the mine closed in 1994.
Success at Warren may enable the company to extend its grade estimation with the objective of linking up and joining areas already reported in Mineral Resource with those currently being successfully tested.
An update to the Warren Mineral Resource will be conducted at the completion of this year’s drilling in the December 2022 quarter.
“We are nearing the finish line with this programme at Warren and continue to gain significant insight into the geometry and orientation of the mineralised nickel shoots that the original DHTEM conductive plate in WRN21DD_003 revealed,” Managing Director, Ed Ainscough, said.
“The goal is to update the Mineral Resource once drilling is complete, all assays are back and the interpretation refreshed so that Warren’s contribution to the Foster Nickel Mine inventory can be evaluated.”
For further information please visit: https://lunnonmetals.com.au/
