![]() ![]() ![]() Renowned nugget finder ICL has picked up more high-grade rock chips up to 3880g/t gold at Everleigh Well, part of the 930sq km 14 Mile Well project in WA.Īnalysis of soil anomalies, rock chips and the +800 gold nuggets picked up so far indicate the potential for a large, buried intrusion, the company says. The $10 million capped stock had $3.4 million in the bank at the end of March. Mining studies examining a low-cost operation are also underway.ĬZN was still up nearly 44 per cent for the day at 2pm (AEST). This drilling is part of a plan to expand the already substantial 16.3Mt resource (116,800t nickel, 54,300t copper, 5300t cobalt) at Lynn Lake, a prolific historical nickel-copper-cobalt mining centre that was mined for 24 years before closure in 1976. “Although we have not previously seen barren magmatic sulphides associated with these rocks, the fine-grained nature of the sulphide mineralisation is atypical of the coarse-grained Lynn Lake sulphide bodies, and as such we advise caution in assuming the tenor of nickel within the Sulphide Zone.” “This drilling is the first in testing several similar geophysical anomalies, some of which link into areas of known nickel mineralisation. “The most significant outcome from this drilling is proving that our new geophysical techniques can identify the targeted magmatic sulphides, as well as these late, metal-rich ultramafic pipes,” managing director Brett Smith says. ![]()
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