First Underground Cut Set For Early December
Poseidon Nickel (ASX: POS) has awarded the contract for the Golden Swan Drill Drive for the Black Swan project in Western Australia to WestAuz Mining.
Managing Director and CEO, Peter Harold, said the award of the Golden Swan Drill Drive contract is a major milestone at Black Swan and will allow the company to drill out the known Golden Swan mineralisation in a rapid and efficient manner once the Drill Drive is completed.
“As previously reported, recent drilling has identified new EM conductors which potentially extend the know extent of the Golden Swan mineralisation and the newly identified footwall EM plates demonstrate that the Southern Terrace has the potential to host multiple mineralised surfaces,” Mr Harold said.
“The Golden Swan Drill Drive will provide an excellent location to rapidly drill test for extensions to Golden Swan and other mineralised zones within the Southern Terrace.
“In addition, the Golden Swan Drill Drive will enable the rapid exploitation of the Golden Swan mineralisation if proven to be economically viable.”
The contract awarded to WestAuz Mining Pty Ltd is for the development of a circa 400m drill drive from the existing Silver Swan decline to facilitate resource definition and ongoing exploration drilling.
WestAuz is an experienced underground mining contractor, based in Kalgoorlie, who has significant experience in underground development and mining.
The drive, to be developed in competent footwall felsic rocks, will be positioned approximately 200m from the known mineralisation and will provide a platform for resource definition drilling of Golden Swan and additional exploration drilling of the highly prospective Southern Terrace.
WestAuz is planning to mobilise to Black Swan in late November 2020 with the aim of making the first development cut in the new drive early in December 2020.
Once the Golden Swan Drill Drive is completed, anticipated to be late Q1 2021, the company will immediately commence resource definition drilling on the Golden Swan mineralisation. Tender submissions for the resource drilling have already been requested and are due to close on 20 November.
