Widgie Nickel Limited (ASX: WIN) has received promising assays from its Reverse Circulation (RC) and diamond (DD) infill and extensional drilling programme specific to the Armstrong mineralisation at the Mount Edwards in Western Australia.
The results increase the confidence of Armstrong’s production potential and highlight significant additional upside via the by-product endowment.
These results pertain to all completed drill holes not previously reported. Infill drilling at Armstrong has now been successfully completed with no further drilling contemplated. At Armstrong, Widgie has completed 36 RC drill holes and 15 DD tails for 9,105 metres and 1,972 metres respectively. The outcomes from this drilling will now form part of the upcoming resource estimate recalculation targeted to be completed by the end of the current quarter.
Highlights
• Infill drilling at Armstrong deposit successfully completed, enhancing confidence in Armstrong reaching a production-ready status by the end of 2023.
• Multiple high-grade nickel sulphide assay intercepts including:
MERC211
20m @ 1.34% Ni, 0.07% Cu, 0.02% Co, 0.46 g/t 3E1 from 313m, Incl. 6m @1.90% Ni, 0.06% Cu, 0.03% Co, & 0.67g/t 3E from 320m and 1m @ 3.72% Ni, 0.32% Cu, 0.04% Co, & 1.20g/t 3E from 331m
MERC214
34m @ 1.07% Ni, 0.08% Cu, 0.02% Co (+3E TBA) from 266m, Incl. 2m @ 6.08% Ni, 0.58% Cu, 0.07% Co (+3E TBA) from 298m
MERC216
11m @ 1.6% Ni, 0.1% Cu, 0.02% Co, 0.56g/t 3E from 180m, Incl. 8m @ 1.88% Ni, 0.11% Cu, 0.03% Co & 0.68g/t 3E from 182m
MERC217
6m @ 1.07% Ni, 0.23% Cu, (+3E TBA) from 229m, Incl. 2m @ 2.21% Ni, 0.61% Cu, 0.03% Co (+3E TBA) from 219m
• By-product endowment provides potential for improved economics.
• Geotechnical assessment suggests favourable ground conditions.
• New resource calculation to be completed in the current quarter for mine planning.
• Metallurgical testwork underway.
“With drilling at Armstrong now completed, these infill results in tandem with previous drill results improves the confidence in grade continuity within the ore body, which should be reflected in the upcoming resource re-estimate,” Managing Director, Steve Norregaard, said.
“The widespread PGM endowment and by-product credits, further confirmed through these drill results, add to the intrinsic value of the mineralised body and which the company can now quantify in the updated resource calculation.
“The updated resource model will underpin mining feasibility studies at Armstrong, which we have already proactively commenced. Following completion of this drill program, we can now move ahead with confidence to designing, evaluating and ultimately building a mine around this resource.”
For further information please visit: https://www.widgienickel.com.au/
