Hannans Reward (ASX:HNR) and Neometals (ASX:NMT) have intersected anomalous nickel in both drill holes at their Lake Johnston Project, located west of Norseman in Western Australia.
The holes at the Mt. Gordon prospect have been cased to enable down-hole geophysics to be completed in the future.
There were designed to test a new 3D geophysical (magnetic) model and follow-up on nickel mineralisation intercepted by Hannans’ reverse circulation drilling in 2012.
Both holes intersected a classic mafic-ultramafic pile of gabbro, amphibolite and serpentinite before entering the pillowed basalt footwall.
Neometals believes that a small component of the elevated nickel values are due to disseminated nickel sulphide mineralisation.
Mt. Gordon is located 3 kilometres north of the Medcalf Layered Ultramafic-Mafic Complex and 50 kilometres south of Poseidon Nickel’s Maggie Hays and Emily Ann nickel mines.
Hannans is not required to contribute to exploration expenditure, as it is free carried by Neometals through to a Decision to Mine.
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