Global Nickel Investments NL (ASX:GNI) Announce Drilling Update and Surface Sampling Results.
Surface Sampling Results - Jutson Rocks
For the BLEG survey, 92 samples were collected on 500-metre centres and analysed using a static cyanide leach for gold, copper and silver. The survey outlined three areas of gold anomalism in the Jutsons area which require further investigation in the short term. The anomalous zones are shown at Figure 1 (see link at the bottom of the release). No anomalous zones of copper or silver were detected in this particular programme.
A total of 274 soil samples were also collected from two different areas over E38/1540. The programme was designed to both infill and extend areas of interest which had been defined from previous programmes. One nickel anomaly was defined as well as a number of smaller copper anomalies. These are shown in Figures 2 and 3 (see link at the bottom of the release).
These new anomalies will be required to be followed up with additional surface sampling and Rotary Air Blast ("RAB") drilling, which is planned for the fourth quarter this year.
A new Heritage Survey was conducted in July this year. The survey has now been completed with large areas cleared by the Cosmo Newberry Community so that new geochemical surveys and RAB drilling can now proceed.
It is hoped to have much of this work done by the end of this year.
Drilling Update - results expected in the near term
At Mt Cornell, the Company has completed the drilling of the first six Reverse Circulation ("RC") drill holes as planned, with holes ranging from 150 to 250 metres. Samples have been submitted to the laboratory and results are expected by the end of the month. The samples were taken from four-metre composites and pyrrhotite (iron sulphide) was present in each of the six holes.
Further drilling was commenced on Sunday, September 11 2011 to complete the remaining two holes of the planned programme together with one hole from the earlier programme which, because of drilling difficulties, will have to be re-drilled. Some 800 metres remain to be drilled.
A Programme of Works has been submitted to the Department of Mines and Petroleum, WA, which will cover all of our proposed future RAB drilling and soil sample programmes for the end of the year. The Company looks forward to updating the market further as it continues its copper exploration at Jutson Rocks and Mt Cornell.
For the complete Global Nickel Investments announcement including figures, please view:
About Global Nickel Investments NL:
Global Nickel Investments NL (ASX:GNI) is a Sydney-based exploration and investment company that manages mineral and mining assets in Australia and New Zealand.
The Company's is currently developing the Jutson Rocks Gold and Nickel project and the Mt Cornell Gold and Nickel project in Western Australia. The Company is also developing the Round Hill Gold Mine and the Longwoods Tops Igneous Complex Platinum project in New Zealand.
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|Date:||Sep 13, 2011|
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