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Market: ASX
Sector: Aerospace & Defense
EPIC: NIP
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NIPLATS AUSTRALIA LIMITED
www.niplats.com.au
NiPlats Australia Limited (NiPlats) has 100%-owned mineral exploration tenements in the East Kimberley region of Western Australia (Tenements) covering an area of approximately 473 square kilometers. The NiPlats tenements are located approximately 110 kilometers southwest of Kununurra and 100 kilometers south of the port of Wyndham in the Kimberley region of Western Australia. The Tenements are accessed via 45 kilometers of unsealed tracks from the sealed Great Northern Highway. A total of 1,500 meter of diamond drilling in six holes were completed. A combined total of 10,912 meter of drilling in 98 holes and two diamond drill.
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NiPlats Australia one to watch, with new drill program commencing at Speewah

6th Sep 2010, 9:44 am

Perth-based NiPlats Australia (ASX:NIP) has a kicked off the highly anticipated drill program at Speewah Dome with the arrival on site of the diamond drill rig and RC drill rig.

The diamond drill rig commenced operating a double shift over the weekend and executive director Richard Wolanski said today the rig is drilling “round the clock”. Due to the slower meterage achieved per hour by diamond drilling a double shift is necessary in order to achieve the 20,000 budgeted drill metres this season.

Priority drill targets at Speewah are the Eiffler, Hayden, East Dome, Gray’s Vein, Blue Vein, Green Vein and Yungul prospects.

Drilling to conclude in December (dependent on on-set of wet season).  First drill assay results are expected to commence mid-October into first quarter 2011.

Drilling will commence on southern targets initially before moving systematically northwards over the tenement. The reason for this is to enable improved access and completion of drill pads on the recently identified northern drill targets that have delivered the "exceptional copper/gold/silver lead rock chip assays" reported in recent weeks.

In a statement, the NiPlats board of directors said the planned drilling propram will increase the opportunity for success by ensuring that a maximum amount of drilling can be achieved throughout the remainder of the 2010 exploration season.

Drill rigs are required to be off-site prior to the commencement of the ‘wet season’ in the Kimberley. The board expects that further drill targets will be generated over the coming weeks while the soil and rock chip programme continues and complementary geophysical programmes are completed to assist in target generation and prioritisation.

In July and August, NiPlats reported spectacular high grade copper, gold and silver assays in surface samples from Speewah.

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