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- Sabre Resources (SBR) commences a diamond drilling program at its Sherlock Bay nickel-copper-cobalt project in WA’s Pilbara
- The company plans to drill four holes for up to 2400 metres, which were identified from new gravity survey data
- The program is testing for higher-grade to massive nickel sulphides down plunge of both the Discovery and Symonds resources
- Sabre expects drilling will take around three months to complete, with the holes to be drilled to depths of up to 750 metres
- Shares in the company are up 11.1 per cent, trading at 0.5 cents at 10:39 am AEST
Sabre Resources (SBR) has commenced a diamond drilling program at its Sherlock Bay nickel-copper-cobalt project in Western Australia’s Pilbara region.
The company has planned to drill four holes for up to 2400 metres, which were identified from new gravity survey data.
The program will test for higher-grade to massive nickel sulphides down plunge of both the Discovery and Symonds resources.
The first hole will be drilled at the western end of the Discovery zone, where an electromagnetic anomaly indicates the presence of nickel sulphides.
Downhole electromagnetic will be undertaken in each diamond drill hole to detect extensions of in-hole or off-hole conductors which may represent massive nickel sulphide bodies for follow-up drilling.
The program is expected to take about three months to complete, with the holes to be drilled to depths of up to 750 metres.
It will be co-funded by the WA Government for up to half of the direct drilling costs and $10,000 for mobilisation costs, capped at $220,000.
CEO Jon Dugdale said the theory is that the nickel sulphide resources improve in grade with depth.
“Building on our existing nickel-copper-cobalt resources, the discovery of higher-grade to massive nickel sulphides at Sherlock Bay would significantly enhance the economics of the project,” he said.
Shares in the company were up 11.1 per cent to trade at 0.5 cents at 10:39 am AEST.
