Widgie Nickel (ASX:WIN) has received assay results from a resource infill drill program that struck ‘exceptionally high-grade’ nickel mineralisation at the 132N deposit in Western Australia.
The $58.01 million market capitalisation company reports drillhole 23MERCD112 intercepted 9.14m @ 10.44% nickel (Ni), 0.75% copper (Cu), 0.13% cobalt (Co), 1.93g/t platinum group elements (3PGE) from 330m, including 2.61m @ 18.88% Ni, 0.48% Cu, 0.23% Co, 0.65g/t 3PGE from 335.44m.
Commenting on the assays, Widgie Nickel Managing Director Steve Norregaard says: “Widgie attracted great interest with the core sample displayed at our Diggers booth this year for good reason.
We are delighted to share the assay results for 23MERCD112 validating portable XRF readings announced on 11 August 2023. This hole drilled through the lower zone of the current 132N resource shape confirms the presence of exceptionally high-grade mineralisation.”
“Widgie attracted great interest with the core sample displayed at our Diggers booth this year for good reason“
The company notes the nickel sulphide mineralisation plunges to the north at the deposit. Generally, the massive sulphide mineralisation is found upon the basal contact where it grades into disseminated sulphides within the ultramafic hanging wall.
According to Widgie, the results from drillhole 23MERCD112 show the potential of the deposit to deliver thick, ‘ultra high-grade’ nickel mineralisation.
The remainder of the 132N resource definition drilling program assays are being processed, with results expected in October.
132N is located 6km northwest of the Widgiemooltha township in Western Australia.
Widgie Nickel is a nickel explorer with a ‘unique’ consolidation of a vast 240km-square package within the Eastern Goldfields nickel sulphide belt.
As of 30 June 2023, the company had $11.845 million cash and cash equivalents at hand, according to its latest quarterly report.
Write to Aaliyah Rogan at Mining.com.au
Images: Widgie Nickel
