Preparing To Drill 6000m RC Campaign At Woodline Project
Nelson Resources Limited (ASX: NES) has acquired its own RC drilling rig in preparation for a major drilling campaign at its 100% owned Woodline project in the Fraser Range, Western Australia.
The company acquired the second drilling rig to compliment the diamond drilling rig it acquired in November 2020 and to enable it to undertake its drill programs as required given the currently very high demand for RC rigs. The company is on track to complete the current 1000m to 1500m diamond drilling program by the end of January and intends to commence a 68 hole 6068m RC program late January at its Socrates, West Socrates, East Socrates, Grindall and Redmill projects.
Executive Director and CEO, Adam Schofield, said the Schramm T450 RC drilling rig is currently being prepared for service and is capable of drilling more than 300m deep RC holes.
“Nelson’s purchase of its second drilling rig and specifically an RC rig, is a significant step for the company given the high demand and inability to secure RC rigs in WA,” Mr Schofield said.
“This RC rig will drill at approximately 10 times the rate of the Diamond rig enabling us to efficiently drill our large-scale gold targets. The Diamond and RC drill rigs will provide significant flexibility and complement each other, saving us considerable time and cost going forwards. The money saved will pay the capital costs of the drill rig within the quarter.
“We are very excited about the planned RC program as it allows us to begin in earnest to test the large-scale potential of our gold targets. We now have the ability to undertake our drill programs as required and to optimise the drilling by choosing the style of drilling we conduct. As such we anticipate delivering significant news and value to our shareholders in the coming year.”
The planned work programs are as follows:
Socrates: 24 RC drill holes for 1278 m planned. RC drilling at Socrates has been designed to test the northern and southern extensions to the existing mineralisation as identified by the Loupe EM survey. This mineralisation remains open along strike and at depth and has not been tested by the existing drilling.
Previous drilling at Socrates includes 4458m of RC by Nelson and 3046m of RC done by Sipa / Newmont. The notable intercepts include: 1m @ 142 g/t Au, 8m @ 3.53 g/t Au, 25m @ 2.06 g/t Au and 192m @ 0.5 g/t Au.
The previous drilling has identified a strike length of approximately 370m with the Loupe data showing 2km of potential mineralisation.
West Socrates: 14 RC drill holes for 1020 m planned. The West Socrates target has been identified from previous drilling by Nelson as well as mapping and rock chip sampling by Nelson. This drilling is planned to further test strike and dip.
Previous drilling results by NES include 7m @ 5.02 g/t Au (SDH019), 1m @ 1.12 g/t Au (SDH022) and 1m @ 1.04 g/t Au (SDH018).
East Socrates: 4 RC drill holes for 480 m planned. East Socrates is a newly identified structure further identified by the recent Geophysics undertaken by Nelson. First-pass exploration RC drilling is planned for a structural target at East Socrates. A total of four drill holes for 480 m have been designed to test the target.
Grindall: 19 RC drill holes for 2530 m planned. Holes to be drilled on 150 m to 200 m line spacings with 40 m hole centres. The Grindall and Remill Geochemical and Geophysical structure extends over 20kms and the RC drilling has been planned to test a structural target that has been identified from a recent Loupe EM survey completed by Nelson (ASX announcement dated 21 September 2020) and historic RC drilling (ASX announcement dated 18 February 2010 ‘Encouraging Drilling Results at Woodline’ – Sipa Resources Limited).
Previous limited drilling by Sipa returned 12m @ 0.76 g/t Au – including 1m @ 9.14 g/t Au (HEC001), 1m @ 2.08 g/t Au (HEC009) and 1m @ 1.01 g/t Au (HEC008).
Redmill: 7 RC drill holes for 760 m planned.
Holes to be drilled on 300 m to 400 m line spacings with 40 m hole centres. RC drilling has been planned to test a structural target that has been identified from a recent Loupe EM survey completed by Nelson and historic RC drilling. Previous drilling results by Sipa include 10m @ 1.29 g/t Au – including 1m @ 7.8 g/t Au (TFC010), 5m @ 0.22 g/t Au (TFC012) and 5m @ 0.21 g/t Au (TFC011).
