Join our daily newsletter At The Bell to receive exclusive market insights
- Sabre Resources (SBR) reports “high-grade” drill results from an 18-hole reverse circulation drilling program at its Nepean South nickel project in Western Australia
- The nickel and copper results have reportedly defined a broad nickel-enriched zone in saprolite above bedrock ultramafic nickel sulphide targets
- Sabre says the results have also confirmed the potential for Kambalda- and Nepean-style massive nickel sulphides
- Results are pending for six holes, and once received, the company will undertake survey work to detect massive nickel sulphide zones for future drill targeting
- Sabre shares last traded at 0.6 cents on September 20
Sabre Resources (SBR) has reported “high-grade” drill results from the first 12 holes completed at its Nepean South nickel project in Western Australia’s Eastern Goldfields.
The 18-hole reverse circulation (RC) program tested ultramafic rocks interpreted to extend the 12-kilometre-long strike length of the Nepean South tenement on five broad sections.
From the southern section, Sabre reported high nickel grades with elevated copper across a 200-metre-wide zone that overlies the ultramafic sequence.
Results from this area include eight metres at 0.78 per cent nickel and 0.015 per cent copper from 32 metres including four metres at 1.12 per cent nickel and 0.03 per cent copper.
The company also received results from the central ultramafic target, which include eight metres at 1.01 per cent nickel and 0.02 per cent copper from 28 metres including three metres at 1.26 per cent nickel.
Results from a separate hole, which included 28.4 per cent magnesium oxide, reportedly intersected classic “Kambalda-style” channelised ultramafics.
Sabre said this confirmed the potential for Kambalda/Nepean-style massive nickel sulphides at the base of the high-magnesium-oxide komatiitic ultramafic in contact with the footwall basalt below.
Alongside this drilling, the company undertook a drone magnetics survey which defined three distinct magnetic bodies that reportedly represent channelised ultramafics prospective for nickel sulphides.
“We’re ticking all the boxes with our initial drilling and magnetics programs at Nepean South,” Sabre CEO Jon Dugdale said.
“Our next step is to track down nickel-sulphide accumulations with electromagnetics and further drilling that will target massive sulphide deposits similar to those mined at Nepean.”
The company said it expected to receive the remaining drill results “shortly”, which will be followed by a moving loop electromagnetic survey to detect massive nickel sulphide zones for future drilling.
Sabre Resources shares last traded at 0.6 cents on September 20.
