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Nickel
Panoramic Resources commences nickel exploration at Savannah project
Fri 20 May 22, 11:53am (AEDT)
Source: (Source: Panoramic Resources) Drill rig on-site the Savannah Nickel Project in May 2022
Key Points
- Panoramic Resources targeting two high-priority nickel targets of interest on-site Savannah Nickel Project
- Initial drilling program of three holes for 2,000m to wrap-up by late June 2022
- Assay results expected in September as analysis labs around the country deal with work backlogs
Panoramic Resources (ASX:PAN) has launched surface exploration diamond drilling at the company's Savannah Nickel Project in WA.
The initial program will drill a minimum of three holes for 2,000m to be completed by the end of next month; further downhole surveying is planned following the latest drill run.
Assay results are expected to be returned in September, a number of companies are reporting that sampling laboratories are currently under pressure and handling large backlogs of work.
(Source: Panoramic Resources) A map of the Savannah Nickel Project
Kimberley wet season wind-down allows access
The drilling, using a DDH1 rig, has been mobilised to site this week following the conclusion of the Kimberley wet season.
The target areas for the rig are those uncovered in previously modelled EM conductors at two areas of interest; Stoney Creek, and, the Northern Ultramafic Granulite intrusions. All drill holes will be cased for further electromagnetic surveys.
Company management notes it is hopeful to replicate the successful results of recent underground drilling at Savannah with its new surface drilling program.
Work builds on previous drilling on-site towards resource definition
The Stoney Creek intrusion has been on the company's radar since 2018/19 when geologists first mapped the area after spotting relevant ultramafic outcropping.
So far, one drill hole has been completed at Stoney Creek, SMD188, drilled back in 2020. The rig currently on-site will drill a new target relatively adjacent to SMD188.
Meanwhile, a secondary target in the northern segment of the company's project boundaries will be drilled by the same rig upon conclusion of Stoney Creek drilling.
The company believes that a previous drill hole narrowly missed a body of nickel mineralisation; Panoramic Resources is to re-visit that target with an improved approach to drilling angles, allowing a better targeting of mineralisation on-site.
Panoramic's three month chart versus the materials index
Jonathon is a journalism graduate and avid market watcher with exposure to governance, NGO and mining environments. He was most recently hired as an oil and gas specialist for a trade publication.
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