Canadian company Continental Nickel has provided an update regarding its exploration in the Nachingwea project. The project is a 75:25 joint venture between IMX Resources and CNI and the exploration programme is worth $10 million.
Highlights of the exploration include values of up to 4.96 g/t gold in grab samples from Hog showing and the completion of in-fill drilling of two diamond drill rigs at the Sleeping Giant zone. A third diamond rig is being planned by the end of May at the site.
Apart from this, additional drilling of 20,000-25,000 m is also being planned during the period of May-December 2012. A VTEM survey is also being planned which will cover all the regional areas that have potential. A contract is in place with Capital Drilling (Tanzania) to carry out the drilling program for 2012. While the drilling of the first two diamond rigs will be focussed on indicated mineral resources, the third drilling will target high grade nickel sulphides and disseminated nickel sulphides located near the surface.
A regional exploration program will also be conducted under which 2,500 km will be covered for airborne versatile time domain electromagnetic survey along with a follow up ground geophysical survey, geochemical sampling, prospecting and mapping. The exploration targets on the regional land position which have the potential of gold, nickel and copper mineralisation will also be tested. The regional targets identified include the Chilalo 7 area where copper in soil and ground EM anomaly was seen in 2011.
Source: http://www.continentalnickel.com
Disclaimer: The views expressed here are those of the author expressed in their private capacity and do not necessarily represent the views of AZoM.com Limited T/A AZoNetwork the owner and operator of this website. This disclaimer forms part of the Terms and conditions of use of this website.