Cannon Resources Limited’s recently completed deep diamond hole has more than doubled the vertical extent of nickel mineralisation at the Sabre prospect, located in the northern Goldfields region of Western Australia.
The Sabre nickel sulphide deposit is located within the company’s flagship project Fisher East, which also hosts three other high grade nickel sulphide deposits all in close proximity to each other. These are the Musket, Camelwood, Cannonball deposits, that together with the Sabre nickel sulphide deposit have a combined JORC 2012 Mineral Resource containing 116,300 tonnes of nickel.
Hole MFED122 has intersected nickel sulphide mineralisation at 650 metres vertical depth from surface and beneath and down-plunge of the Sabre resource.
MFED122 intersected 6.4m @ 1.3% Ni from 735.87m which included an internal zone of 5.1m @ 1.5% Ni from 737.21m. A further intercept of 0.51m @ 5.3% Ni from 745.17 was also recorded some 2.9m below the initial mineralised intercept.
Cannon CEO, Steve Lynn said Hole MFED122 was drilled 520 metres down plunge and 350 metres vertically below the existing drilling at Sabre.
“With such an aggressive step-out, we sited the hole towards the centre of the channel, to maximise our chances of success.
“To intersect the mineralisation as targeted is an exciting outcome that confirms the Sabre channel is mineralised to at least these depths,” he said.
The grade is similar to the existing resource average, however a further interval of about 0.5 metres adjacent to the main zone, consists of massive nickel sulphide @ 5.3% Ni. This is interpreted to be remobilised and likely structurally emplaced into komatiite above the basal mineralised sequence.
“The search space remains open for further and thicker mineralised zones, and we are keen to test this area with DHEM at the earliest opportunity.”
