Matsa Resources Limited (ASX:MAT) and Joint Venture partner IGO Limited (ASX:IGO) have announced a 410m intersection of blebby and semi massive sulphides at the Symons Hill Nickel Project within the Fraser Range Province of Western Australia.
A single deep 843.3m diamond drill hole, 21AFDD105, was completed by IGO at the project in June, for the purpose of testing for nickel sulphides. The drilling was designed to follow up on previous AC bottom-of-hole anomalous geochemical results of 1m at 0.10% Ni and 0.11% Cu, and 1m at 0.09% Ni and 0.10% Cu.
The companies report that the drill hole encountered sulphides throughout, including a 410m zone (215m-625m) of blebby and semi massive sulphides. The diamond core has been submitted for analysis, with results not yet received.
“sulphides were present throughout the hole, dominated by disseminated pyrrhotite”
According to IGO’s summary report to Matsa, “sulphides were present throughout the hole, dominated by disseminated pyrrhotite. Three phase blebby to semi massive sulphides were present from ~215-625m with sporadic distribution and low visible nickel tenor Po>>Cp +/- Pn (Assays pending)”.
Symons Hill JV
Symons Hill Nickel Project is located in the Fraser Range, Western Australia. The project covers ~70 km² in area and contains anomalous nickel mineralisation.
Matsa Resources had entered into an agreement with IGO in June 2020, under which IGO Newsearch can earn up to a 70% interest in the Symons Hill nickel project by spending at least A$3.5 million over three years.
What’s next?
IGO’s proposed work for the coming quarter includes:
- Interpretation of assay results and defining any potential for follow up drilling.
- Peer review of potential follow up targets and POW application for additional drilling if required.
Matsa said that further work would be determined following further analysis of results.
Images: Matsa Resources Limited
