Lunnon Metals Limited has issued an update on its progress on the Historical Core Program (HCP) in the Fisher nickel mine area of the Kambalda Nickel Project, saying assay results identified new zones that were previously unsampled.
According to the company, the HCP is part of its growth strategy and offers potential Mineral Resource additions independent of the success of its exploration program.
Lunnon said it now has the assay results for 13 historical diamond drill holes completed in the 1970s and 1980s by the previous nickel mine operator, WMC Resources Limited.
The holes were selected as framework holes to undergo re-logging and multi-element assaying to broadly assess the lithology, structure and geochemical signature.
A number of intercepts above a 0.5% nickel cut-off were also recorded by assaying previously unsampled diamond drilling cores, highlighting new zones of mineralisation or broadening zones of mineralisation sampled in the past by WMC.
Lunnon Managing Director Ed Ainscough said HCP is a differentiator for Lunnon as it enables the company to extract value from the wealth of geological and drilling data accumulated by WMC over close to 35 years of exploration and mining at Fisher and Silver Lake.
“At Fisher, these results have highlighted the benefit of our close scrutiny of the old core as we have uncovered multiple anomalous and potentially significant zones that were not sampled and assayed by WMC,” he said.
“Coupled with the results at Silver Lake Hanging Wall and the current drill program there, the northern assets offer great potential to add to Baker and Foster’s impressive Mineral Resource Estimate inventory on the south side of Lake Lefroy,” Ainscough added.
The Fisher deposit was discovered by WMC in 1966 but ceased production in 1988 and was sold along with Foster, Silver Lake and Jan nickel mines as part of the divestment of WMC’s gold operations at Kambalda to Gold Fields Limited in December 2001.
