Mantle (ASX:MTL) light path to Pardoo estimate
January 20, 2023Mantle Minerals have confirmed solid nickel-copper results positioning the Company for a Mineral Resource Estimate in the first quarter from its Highway nickel deposit, part of the Company’s Pardoo Nickel Project 120 kilometres East of Port Hedland in Western Australia.
A second phase of drilling returned wide intercepts of up to 68m grading 0.44 % Ni and 0.1 % Cu, confirming initial drilling results
Best intercepts include:
- CPRC017 68m @ 0.44 % Ni from 57m
- CPRC023 111m @ 0.37% Ni from 159m
- CPRC018 81m @ 0.39 % Ni from 102m
- CPRC028 24m @ 0.43 %Ni from 138m
- CPRC033 24m @ 0.41 % Ni from 176m
“Our recent drilling at the Highway nickel sulphide deposit has provided great results for us to get on with calculating a JORC (2012) resource and sets us up to explore for more nickel sulphides along strike and elsewhere on the tenement,” Executive Chairman Nick Poll said.
About the RC drilling program
The Company previously announced the completion of the 20-hole, 4157m Reverse Circulation (RC) drilling program at the Highway Deposit on 8th September 2022. This program was designed to infill existing drilling, increase the confidence in geological and grade continuity with the deposit, and hopefully convert a substantial part of the mineralisation to JORC (2012) Indicated Resource status.
Plan view of Highway Deposit showing some of the significant intercepts from phase 2 drilling in red
Price Action
The Company’s ASX-listed shares are .2c in the opening minutes of trade.
Next Steps
Reinterpretation of surface and downhole geophysics to target additional nickel sulphide mineralisation and hopefully higher grades along strike from the Highway deposit.
Fundamental Data
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