Another Milestone At Black Swan Project
Contractor WestAuz Mining has commenced construction of the Golden Swan Drill Drive development in Western Australia for Poseidon Nickel (ASX: POS).
Managing Director and CEO, Peter Harold, said WestAuz Mining Pty Ltd has been contracted to develop the 400m drill drive from the existing Silver Swan decline to facilitate resource definition and ongoing exploration drilling. The contractor has mobilised personnel and equipment to Black Swan and fired the first cut.
WestAuz is an experienced underground mining contractor, based in Kalgoorlie, who has significant experience in underground development and mining.
“The commencement of the Golden Swan Drill Drive is another milestone at Black Swan and, once completed, will allow us to drill out the known Golden Swan mineralisation in a rapid and efficient manner,” Mr Harold said.
“In addition, the Golden Swan Drill Drive will provide an excellent location to further drill test for potential extensions of Golden Swan and for other mineralised zones within the Southern Terrace.
“Importantly, the Golden Swan Drill Drive will enable the rapid exploitation of the Golden Swan mineralisation, if it is proven to be economically viable.”
The drill drive is being developed in competent footwall felsic rocks and when completed will be positioned approximately 200m from the known mineralisation to provide a platform for resource definition drilling of Golden Swan and additional exploration drilling of the highly prospective Southern Terrace.
Once the Golden Swan Drill Drive is completed, anticipated to be during February 2021, the Company will immediately commence resource definition drilling on the Golden Swan mineralisation.
Tender submissions for the resource drilling have been received and the preferred contractor has been notified.
