Sabre Resources hits massive sulphides in latest Sherlock Bay drill run

Wed 26 Oct 22, 12:25pm (AEST)
Two fencers engage in a game, both using sabres
Source: Unsplash

Key Points

  • Sabre has hit a 40m thick zone of sulphide mineralisation; company planning new drill run to further test zone at depth
  • Result comes from third diamond drill hole retrieved from WA Sherlock Bay nickel-cobalt-copper project
  • At depth, there is a 10m thick section of massive sulphides, early-stage evidence nickel and copper may be present

Sabre Resources (ASX:SBR) has had success in its third diamond drill hole at the company’s WA Sherlock Bay project, encountering massive sulphide mineralisation at depth and sulphide mineralisation throughout the larger core. 

The sulphide zone occurs in a location on-site with similar geology to that of the Nova deposit owned by IGO (ASX:IGO) and Azure Minerals’ (ASX:AZS) Andover play, giving Sabre’s exploration team confidence the early stage results may pose promising hits once assays are received. 

Sabre has already moved the drill rig to commencement of the fourth hole on-site in a drill run partially backed by the WA Government’s exploration support fund. 

Assays for the first three holes, including today’s, are currently at the assay laboratory, with results due in the coming weeks or months. Long delays at assay laboratories have led to long wait times for some companies. 

New nickel-copper sulphide discovery 

“The intersection of massive sulphides and matrix-breccia and stringer sulphides in the previously identified C3 conductor position has confirmed a new sulphide discovery at Sherlock,” Sabre Resources CEO Jon Dugdale said. 

“The new sulphide zone below the western, Discovery end of the existing resource is open to the east, west, and at depth.” 

The company is already planning a follow-up drilling program once the fourth and last hole of our latest WA Government co-funded program is completed.

The company plans to test below the Symonds zone at the eastern end of what is already a substantial sulphide resource.

Works ahead 

The company notes modelling of the C3 conductor, identified downhole drillhole SBDD003A in an electromagnetic scan, remains ongoing. 

Sabre adds “it is already clear the newly discovered massive sulphide zone continues to the at depth where further drilling is now being planned.” 

A look at cores pulled from Sherlock Bay in the most recent drill run
A look at cores pulled from Sherlock Bay in the most recent drill run
Disclaimer: Market Index helps small-cap ASX listed companies connect with Australian investors through clear and concise articles on key developments. Sabre was a client at the time of publishing. All coverage contains factual information only and should not be interpreted as an opinion or financial advice.


Written By

Jonathon Davidson

Finance Writer

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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