Resource Mining Corporation Ltd (ASX:RMI) has set the drills turning at Kabulwanyele Nickel Project in Tanzania for its maiden drilling, a 1,000-metre reverse circulation (RC) program.
The company intends to complete 18 holes focused on a high-grade nickel-cobalt target with a strike length of about 2 kilometres.
This nickel target was identified with 254 soil samples and 19 rock chip samples, which returned strong results up to 0.85% nickel in soil samples and 1.27% nickel in rock samples.
All samples returned grades equal to or more than 500 parts per million nickel and 200 parts per million cobalt, confirming the potential for lateritic (weathered rock fragments formed in ultramafic rock) nickel zones.
Promising indications of nickel mineralisation
“We are very excited to commence the drilling program at this project," Resource Mining Corporation executive chair Asimwe Kabunga said.
"After spending some time on the ground over the past few months, we are convinced that Kabulwanyele has all the right geological ingredients for significant nickel mineralisation.
“We’re very much looking forward to receiving the interpretation of the form of nickel mineralisation that is present, during and post the program being completed.”
Resource Mining Corporation expects the drilling program to take about three weeks, and the drilling results to arrive during the third quarter of this year.
The project is in the Mpanda District of Tanzania, about 35 kilometres from the eastern shore of Lake Tanganyika, with the area forming part of the western limb of the East African Rift systems.