Cyclone Metals Ltd (ASX:CLE) has recovered gold nuggets from additional test pits undertaken at its 100% owned Nickol River Gold Project in WA.
The project is just 10km east of Karratha in the West Pilbara of Western Australia.
CLE was approved to begin its Program of Work (PoW) consisting of 18 test pits 20m x 10m by 1m deep over tenements M47/87, M47/401, M47/127, M47/421 and M47/577 on January 19, 2022.
The company has recovered gold nuggets up to 20.5 grams from test pits, for a total of 76 grams, from M47/577.
Nickol River Project, gold nuggets recovered and owned by Cyclone.
“It is very encouraging to find coarse gold in nugget form, from this single tenement at Nickol River, from below tertiary river gravel and on SAM identified structures,” Cyclone Metals Director Will Scott said.
“Work programs completed since the acquisition of the Nickol River Project are delivering positive results, that bode well for a drill program in the near future, and based on current results we will move towards a maiden drill program.”
Maiden drill program in the works
A SAM survey completed in November 2021, and the subsequent interpretation by Southern Geoscience Consultants (SGC) completed early this year, has formed the basis for the location of the test pits.
The structures the test pits were located on appear to be validated and will form the basis for a maiden drill program.
Cyclone will also continue to assess opportunities to further consolidate the Nickol River Project area.