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Pioneer Resources intersects nickel-bearing sulphide at Fairwater
Pioneer Resources (ASX:PIO) aircore drilling program at the 75%-held Fairwater Nickel Project has intersected Nickel-bearing sulphide minerals.
Assays have been received from another seven holes, with strongly anomalous Nickel geochemistry within near-fresh rock.
Highlights include 1 metre at 0.51% Nickel from 33 metres; and 1 metre at 0.61% Nickel from 44 metres (to end of hole).
Fairwater is located in the highly prospective Albany Fraser Orogen in Western Australia, and covers 650 square kilometres.
The project is located around 100 kilometres south west of Sirius Resources’ (ASX:SIR) world class Nova and Bollinger Nickel-Copper Deposits.
Associated metals
Adding interest to today’s assays are samples between 33 metres and 45 metres having anomalous in copper (max 244ppm) and PGE (Pt+Pd max 61ppb).
The MgO content increases to 14% at end of the hole.
Nickel deposits are commonly associated with highly magnesian rocks and elevated sulphur content towards the end of the hole is consistent with the presence of visible sulphide minerals.
Pioneer said traces of sulphide minerals were visually logged between 34 metres and 45 metres.
Proof of concept at Fairwater
Proof of concept drilling at Fairwater has successfully confirmed the presence of ultramafic and mafic rocks, which was the primary objective for the program.
These rock types were previously interpreted as present through soil geochemistry and aeromagnetic surveying.
Ultramafic rock is identified by colour, mineralogy and chemical composition – principally its iron, magnesium, chromium and Nickel content, and is a common host rock for Nickel deposits world-wide.
Analysis
Today’s identification of Nickel-bearing sulphide at Fairwater is a good start.
The total aircore drilling program covered 99 aircore holes for 3616 metres.
Using pXRF results as a guide, 52 of the 99 holes are interpreted to have intersected mafic or ultramafic rocks and 20 holes were selected for formal analysis.
Nine of these holes have been assayed by a commercial laboratory, with further samples to be progressively assayed during June and July 2015.
The next Fairwater milestone will be the reverse circulation drilling program, covering up to five deeper holes to map the stratigraphy in fresh rock below the current drilling.
Pioneer will also be conducting more geochemistry to expand the targets, and more shallow drilling.
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Story by ProactiveInvestors
Source: http://www.proactiveinvestors.com/companies/news/61857/pioneer-resources-intersects-nickel-bearing-sulphide-at-fairwater-61857.html
