Boadicea Resources Ltd (ASX:BOA) executive director Steven Moon has demonstrated his confidence in the company’s exploration strategy encompassing nickel and copper-gold in premier Australian mining regions with the purchase of shares in an on-market transaction.
On April 12, Moon acquired 20,000 shares in an indirect interest at 21 cents per share, increasing the number of securities held in that interest to 95,310 with a further 319,930 held in another indirect interest.
Diamond drilling at Orion Extension
The company recently welcomed IGO Ltd’s (ASX:IGO) planned diamond drilling program at the Orion extension within Boadicea’s Symons Hill licence in Western Australia, scheduled for May-June.
IGO will test for extensions of known nickel mineralisation, around 325 metres from previous drilling inside their adjacent Nova-Bollinger tenement.
The Orion intrusion has been identified by IGO as one of its highest priority prospects for hosting massive nickel-copper-cobalt sulphide mineralisation.
A hole is planned within Boadicea’s tenement to a depth of around 700 metres to follow the highly prospective Orion intrusion interpreted from 3D seismic data on IGO’s mining lease.
Boadicea also has copper-gold prospects within WA's Paterson Province as well as gold prospects in the Charters Towers/Drummond Basin region of North Queensland.