Sabre's drilling at WA projects

Sabre Resources soars as it launches ‘aggressive’ nickel sulphide drilling at two WA projects

Sabre Resources (ASX:SBR) has launched aggressive nickel sulphide drilling and exploration programs at both the Nepean South Project in the Eastern Goldfields and the Sherlock Bay Project in the Pilbara of northwest Western Australia.

Sabre reports the drill targeting at both projects is being guided by previous nickel and other pathfinder results (including copper) and detailed geophysical surveys – including magnetics, gravity, and electromagnetics.

The company’s share price surged 25% as of 9am AWST on back of the announcement.

Commenting on the drill campaigns, Sabre Resources CEO Jon Dugdale said: “After identifying priority nickel sulphide targets at Nepean South and Sherlock Bay, we are delighted to now be in a position to launch aggressive new drilling and exploration programs at both projects to unlock their true potential.

“we are delighted to now be in a position to launch aggressive new drilling and exploration programs at both projects”

At Nepean South, we have already commenced the RC drilling program targeting priority nickel sulphide targets across a buried ultramafic footwall contact along strike from the Nepean massive-sulphide nickel mine.

In addition, drill site preparation is complete at Sherlock Bay and the diamond drilling rig will arrive shortly to test massive sulphide targets under the existing resource, where detailed gravity has confirmed the targeted Sherlock Intrusive lies at depth.

The Sherlock Intrusive is identical to the intrusive unit that hosts the Andover massive nickel sulphide deposit along strike 70km to the west of Sherlock Bay.”

Sabre reports that ‘significantly’, both drilling programs are testing proven nickel sulphide bearing horizons along strike from massive-sulphide deposits, thus increasing its chances of success.

Sabre Resources’s flagship project is the Sherlock Bay Nickel-Copper-Cobalt Project – a significant nickel sulphide discovery in Western Australia’s ‘highly’ prospective Pilbara region.

The Sherlock Bay Project includes a 2012 JORC Mineral Resource of 24.6Mt @ 0.40% Ni, 0.09% Cu, 0.02% Co, containing 99,200t Ni, 21,700 tonnes Cu and 5,400 tonnes Co (including a Measured 12.48Mt @ 0.38% Ni, 0.11% Cu, 0.025% Co; Indicated 6.1Mt @ 0.59% Ni, 0.08% Cu, 0.022% Co and Inferred 6.1Mt @ 0.27% Ni, 0.06% Cu, 0.01% Co).

Sabre is also earning an 80% interest in the Sherlock Pool, which covers immediate strike extensions to the northeast and southwest of Sherlock Bay.

Images: Sabre Resources Limited
Author Image
Written By Adam Orlando Editor-in-Chief Adam Orlando has more than 20 years’ experience in the media having held senior roles at various publications, including as Asia-Pacific Sector Head (Mining) at global newswire Acuris (formerly Mergermarket). Orlando has worked in newsrooms around the world including Hong Kong, Singapore, London, and Sydney.