bcdf1dcf-d56e-4cfb-92ba-facd6f598af4.pdf
Axiom Mining Limited
ARBN 119 698 770
6/76 Doggett Street Newstead QLD 4006
Australia
T + 61 7 3319 4100
contact@axiom-mining.com www.axiom-mining.com
ASX Announcement
Isabel Nickel Project Phase 2 drilling update
5 November 2015
Highlights
-
Phase 2 of resource definition drilling continues at Havihua Ridge prospect
-
Key highlights from the latest drilling results include:
-
Additional results with both high grade limonite and saprolite intersections include:
-
8.4m @ 1.91% Ni from surface including 2.0m @ 1.41% Ni from 1.0m (limonite) and 5.4m @ 2.28% Ni from 3.0m (saprolite)
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9.0m @ 1.47% Ni from surface including 2.0m @ 1.42% Ni from 1.0m (limonite) and 4.2m @ 1.97% Ni from 3.0m (saprolite).
Axiom Mining Limited ('Axiom') is pleased to announce significant results from Phase 2 of its resource definition drilling program on the Isabel Nickel Project in Solomon Islands.
This ongoing phase of drilling has intersected a mineralised lateritic profile of up to 23m in thickness and continues to extend the known boundaries of mineralisation.
Axiom produced its first JORC Mineral Resource estimate on 30 September 2015 and is working towards upgrading this by the end of the year.
In addition, Axiom has made significant progress in project planning and feasibility studies, workforce and infrastructure development and stakeholder relations, which will contribute towards achieving its first shipment of ore by the end of the year.
Continues on page 2
Figure 1 New drilling highlights at Havihua Ridge (North)
ASX Announcement
5 November 2015
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Figure 2 New drilling highlights at Havihua Ridge (South)
ASX Announcement
5 November 2015
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Exploration Results
ASX Announcement
5 November 2015
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Table 1 Results for new drill holes for Havihua Ridge
(NB: Holes may be reported out of sequential order; missing holes will be reported as assays are available)
Hole ID
|
Entire intersection
|
Limonite intersection
|
Saprolite intersection
|
Easting
|
Northing
|
RL
(m)
|
EOH
(m)
|
HA-399
|
2.0m @ 1.02% Ni from surface
|
581234.1
|
9065821
|
152.4
|
8.7
|
HA-383
|
4.6m @ 1.56% Ni from surface
|
3.6m @ 1.76% Ni from 1.0m
|
581221.3
|
9065851
|
141.2
|
10.0
|
HA-384
|
6.0m @ 1.13% Ni from surface
|
1.6m @ 1.75% Ni from 0.4m
|
581243.4
|
9065854
|
150.0
|
10.3
|
HA-399
|
2.0m @ 1.02% Ni from surface
|
581234.1
|
9065821
|
154.4
|
14.5
|
HA-411
|
12.0m @ 1.68% Ni
from 1.0m
|
7.0m @ 2.16% Ni from 3.0m
|
581228.4
|
9065800
|
312.0
|
5.0
|
HA-563
|
2.0m @ 1.2% Ni from surface
|
1.0m @ 1.51% Ni from 0.5.0m
|
580626
|
9066601
|
301.0
|
15.0
|
HA-564
|
12.0m @ 1.58% Ni
from 1.0m
|
11.0m @ 1.61% Ni
from 2.0m
|
580668
|
9066596
|
329.0
|
4.0
|
HA-565
|
2.0m @ 0.92% Ni from surface
|
580579
|
9066549
|
310.0
|
14.0
|
HA-566
|
13.0m @ 1.42% Ni
from 1.0m
|
4.0m @ 2.18% Ni from 5.0m
|
580618
|
9066546
|
296.8
|
10.7
|
HA-567
|
8.0m @ 1.29% Ni from 1.0m
|
4.0m @ 1.73% Ni from 2.0m
|
580683.1
|
9066537
|
293.0
|
9.8
|
HA-569
|
2.0m @ 1.23% Ni from surface
|
1.0m @ 1.26% Ni from surface
|
580734
|
9066498
|
311.0
|
18.5
|
HA-570
|
14.0m @ 1.51% Ni
from 2.0m
|
6.0m @ 2.12% Ni from 9.0m
|
580622
|
9066498
|
307.0
|
8.4
|
HA-571
|
8.4m @ 1.91% Ni from surface
|
2.0m @ 1.41% Ni from 1.0m
|
5.4m @ 2.28% Ni from 3.0m
|
580669
|
9066498
|
299.0
|
11.0
|
HA-573
|
7.0m @ 1.63% Ni from 1.0m
|
3.0m @ 2.32% Ni from 4.0m
|
580675
|
9066449
|
280.0
|
6.5
|
HA-574
|
1.0m @ 0.78% Ni from surface
|
580732
|
9066450
|
292.0
|
11.0
|
HA-575
|
7.8m @ 1.45% Ni from 1.2m
|
4.0m @ 1.84% Ni from 5.0m
|
580679
|
9066400
|
284.0
|
5.0
|
HA-576
|
580718
|
9066398
|
270.0
|
6.0
|
HA-577
|
580782
|
9066402
|
259.0
|
11.0
|
HA-580
|
2.7m @ 0.92% Ni from 2.0m
|
580782
|
9066347
|
199.9
|
11.2
|