Panoramic Resources Limited (ASX:PAN) has commenced surface diamond drilling at the company’s Savannah Nickel Project in Western Australia.
Following the conclusion of the Kimberley wet season, a DDH1 diamond drill rig has mobilised to site and is contracted to initially drill up to three surface diamond holes for approximately 2,000m.
The focus of the drill program is to test previously modelled EM conductors at both the Stoney Creek and Northern Ultramafic Granulite intrusions.
All completed drill holes will be cased for ongoing drill hole electromagnetic (DHEM) surveys.
“We are hoping to replicate the success we’ve had in recent underground drilling at Savannah with the 2022 surface drilling campaign now underway,” Managing Director and CEO, Victor Rajasooriar, said.
“The initial programme will provide important information on the source of two priority conductor targets which have potential to be nickel-copper-cobalt sulphide mineralisation as we’ve seen at Savannah.
“We look forward to reporting the results next quarter.”
Stoney Creek
The Stoney Creek intrusion, located north of Sub Chamber D, was recognised as a discrete intrusion in 2018/19 when company geologists first mapped the area.
Aside from an outcropping area of ultramafic located on the eastern contact, the intrusion is largely composed of non-cumulate gabbro-gabbronorite rock types.
The only drill hole completed at Stoney Creek to date is SMD188 in 2020 which encountered a consistent gabbroic rock type prior to exiting the intrusion at a depth of 392 metres and terminating in Tickalara Metamorphics at a depth of 529 metres.
A planned DHEM survey of SMD188 was unsuccessful due to hole casing issues. However, subsequent EM soundings and fixed loop electromagnetic (FLEM) surveys completed over the intrusion has identified a strong, discrete anomaly at depth below the intrusion.
This anomaly, which has been modelled as a steep west dipping conductor oriented sub-parallel to the eastern margin of the intrusion, is the current target for the new Stoney Creek drill hole.
For further information please visit: https://panoramicresources.com/
