NickelSearch (ASX:NIS) has uncovered a ‘strong’ 1km nickel anomaly following a soil sampling program at the Serendipity and B1 target areas within its Carlingup Nickel Sulphide Project in Western Australia.
The results, generated by 223 soil samples gathered over 3 ‘high priority’ target areas, highlight ‘significant’ nickel plus coincident pathfinder anomalism over both prospects, with 106 (47%) of samples returning values over 500 parts per million (ppm) nickel (Ni).
NickelSearch, of which Medallion Metals (ASX:MM8) currently holds a 15.1% shareholding in the company, notes that 16 samples also returned values over 1,000ppm Ni, including an ‘exceptionally high’ soil nickel value of 3,900ppm (0.39%) Ni, 2,300ppm chromium (Cr), 174ppm copper (Cu), 17 parts per billion (ppb) palladium (Pd), and 16ppb platinum (Pt). Results demonstrate the potential for gossan to exist within the area.
The company says the strongest anomalism extends over 1km and correlates very well with magnetic anomalies.
With results from sampling now received NickelSearch reports results, in conjunction with previous geological mapping and magnetic surveys, will aid in guiding the upcoming maiden drill program at both Serendipity and B1, which is expected to begin in April 2023.
Commenting on the discovery, NickelSearch Managing Director Nicole Duncan says: “The latest round of soil sampling results continues to validate our greenfields exploration strategy across our extensive Carlingup tenure. Following the recent success at our Sexton target, we are excited to commence our maiden drill programs at both the Serendipity and B1 greenfields targets. The team is very eager to test Serendipity, given it extends over 1km of strike and the results from soil sampling are clearly anomalous.
“The latest round of soil sampling results continues to validate our greenfields exploration strategy across our extensive Carlingup tenure”
During 2022, the exploration team systematically progressed several greenfields to drill ready status. Our maiden drill program at Serendipity and B1 is scheduled to commence in April and follows our recent drilling success at Sexton. It is an exciting time for our company and our shareholders.”
The company also notes the distribution of the elements suggests at least 2 distinct potentially nickel-bearing ultramafic units run along the main Serendipity trend, and that anomalous nickel/chrome ratios indicate that the area is highly prospective for nickel sulphides.
NickelSearch also reports nickel anomalism extends to the northwest along strike of the previously drilled area for up to 300m and confirms potential for similar or ‘higher grade’ nickel sulphide intercepts to exist.
NickelSearch is an ASX-listed, Western Australia-focused nickel sulphide exploration company actively working to advance its flagship Carlingup project. The project is located about 500km southeast of Perth near the township of Esperance in Western Australia and comprises 5 currently known nickel sulphide deposits at RAV1, RAV4, RAV4 West, RAV5, and RAV8 spread along a 10km strike length.
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