Energy metals explorer Sabre Resources (ASX:SBR) has reported a new ‘major’ nickel trend at its Sherlock Bay Project in Western Australia, extending the target corridor in the area to more than 35km in strike.
The $12.31 million market capitalisation company is now planning further deep-penetrating electromagnetic (EM) work across the new target corridor — dubbed the Sherlock North Trend — to further define the ‘shallow but strong’ anomalies in the area and to outline extensions of the parallel 15km Sherlock Bay sulphide corridor.
This will come ahead of planned drilling in the area to test for higher-grade nickel-copper-cobalt sulphide deposits and gold.
Meanwhile, Sabre has struck ‘significant, higher-grade’ nickel-copper-cobalt and gold mineralisation in the final 2 of 4 diamond holes drilled into the new sulphide discovery associated with an EM anomaly southwest of the existing Sherlock Bay mineral resource.
The top results from these diamond drill holes include 16.82m @ 0.74% nickel equivalent (NiEq) from 328m, including 8m @ 0.92% NiEq from 331m, and 16.34m @ 0.38%NiEq from 241.83m, including 6.4m @ 0.64% NiEq from 241.83m.
The company says only 2km of the 15km of strike in the area has been drill-tested to date, meaning there remains ‘significant potential’ for further sulphide discoveries and resource upgrades at Sherlock Bay.
Sabre CEO Jon Dugdale says the new nickel sulphide corridor underscores the potential for further discoveries within the expanded project area.
“Significantly, all the major EM anomalies drilled have produced significant sulphide intersections, including our latest results, within the only 2km of strike tested to date.
We also have numerous lithium targets within our extensive northwest Pilbara tenement package located to the east of the world-class Andover lithium discovery, where priority drill targets are currently being defined using drone electromagnetics.”
“Significantly, all the major EM anomalies drilled have produced significant sulphide intersections, including our latest results, within the only 2km of strike tested to date”
Sabre’s landholding at Sherlock Bay covers more than 300km-square of tenure, and the company says the area is prospective for nickel sulphide deposits, lithium-bearing pegmatites, and gold mineralisation.
Alongside Sherlock Bay, Sabre also owns the Nepean South Nickel Project and the Ninghan Gold Project, both in Western Australia, and the Ngalia Uranium-Vanadium Project in the Northern Territory.
Write to Joshua Smith at Mining.com.au
Images: Sabre Resources
