29th January 2015
Diamond Drilling at Roe 1 Prospect Highlights a New Thick and Nickel Sulphide Fertile Lava channel
· Assay results confirm elevated Ni-Cu-PGE geochemistry has been intersected in Diamond drill holes RHDD0009 & RHDD0010 (Figure 1) at the Roe 1 Prospect located ~35km north of Talc Lake.
· The assays confirm the existence of a new prospective major lava channel at the Roe 1 Prospect. This also significantly increases the prospectivity of the entire 40km strike containing a new major discovery. The identification of multiple fertile lava channels at both ends of the strike increases the scope of the system while still conforming to the Company's geological "Cabbage Leaf" model (Kambalda style komatiite flows).
· The assays show the ultramafic rock in the lava channel are comprised of a lizardite serpentinite that is very similar to the Cosmos ultramafic geology which is a very encouraging sign that the system is highly prospective.
· MPJ has now successfully completed the first stratigraphic drill cross section at the Roe 1 prospect, as part of the planned definition stage of exploration. Two Diamond holes have been completed to date and the third hole was partially completed prior to the Christmas break totalling 1005.5m. Down Hole Electro Magnetic (DHEM) surveys are still yet to be conducted on RHDD0009 & RDH0010 to assess the extent of the mineralisation.
· The technical team is very excited with the results and has expanded the next stage of the programme to test strategic targets along the entire 40km strike. This will include an extensive geophysical ground survey.
· MPJ's leading technical team continues to achieve positive results by maintaining its scientific and methodical approach to the exploration using the knowledge and expertise accumulated from previous modern discoveries.
Mining Projects Group Limited (ASX:MPJ) ("the Company") is pleased to announce the intersection of further fertile Nickel (Ni) geochemistry in the Company's recently completed Diamond drilling programme at the Roe 1 Prospect ("Roe 1") within its 100% owned Roe Hills Project.
Roe 1 Prospect
The first cross section of the Diamond drilling has now been completed at Roe 1, the northern most prospect area at the company's Roe Hills Project (Figure 1). Elevated Ni-Cu-PGE mineralisation (Table 1) was intersected within the core and at the base of a thick (>170m) lizardite serpentinised ultramafic flow which has many similarities and correlations to the Cosmos ultramafic system. Two holes have been completed to date (RHDD0009 & RHDD0010) as shown in Figure 1 and Table 2. This confirms the existence of a thick fertile 'lizardite' ultramafic lava channel, with Nickel mineralisation situated in the core and at the base of the system, constituting a growing set of multiple ultramafic pulses.
The geology is comparable to that at the Cosmos Nickel Project where the core of the thick lizardite serpentinite system contained large low-grade disseminated sulphide above the rich massive sulphide deposits which were the result of the early ultramafic pulses depositing high grade Nickel sulphide mineralisation at the base and on the flanks of the ultramafic system (Figure 2). This is very encouraging as the rocks at Roe 1 appear to be the fertile upstream portion of an extensive fertile system and the potential for downstream Nickel sulphide deposition is demonstrated in the schematic diagram of the Kambalda "Cabbage Leaf" Model shown in Figure 3. The confirmation of multiple fertile lava channels at both ends of the 40km strike at Roe Hills increases the scope of the entire system while still conforming to the Company's geological "Cabbage Leaf" model (Kambalda style komatiite flows) (Figure 3).
Table 1: Maximum assays results from drill core analysis
Hole ID
|
Interval m
|
Max Ni%
|
Max Cu%
|
Max PGE ppb (Pt+Pd)
|
RHDD0009
|
75.5-78.5m
|
0.46%
|
0.28%
|
128ppb
|
RHDD0010
|
299.0-302.9m
|
0.49%
|
0.42%
|
218ppb
|
To continue reading this noodl, please get the original version here.