MPJ hits nickel mineralisation from first hole

Published at Nov 10, 2015, in Small Caps

Mining Projects Group (ASX:MPJ) has hit nickel mineralisation of up to 3% in the first drill hole in its current drilling campaign at its Roe Hill project in WA.

The ASX-listed explorer told its shareholders yesterday the result, while preliminary, may change the company’s thinking on its exploration campaign.

The hole targeted the Lake Talc prospect as part of the overall Roe Hills project, and it said that the hole was completed down to 395.2m downhole, and spot readings had found mineralisation of up to 3%.

It hit multiple narrow intervals of nickel-bearing sulphides between 190m and 260m, within the range identified on modelled down hole electromagnetic studies.

However, MPJ will bring in DHEM equipment to conduct further studies on the interval and assays have been sent to the lab.

It said that should the DHEM come back with promising data, then it may think about pulling the drilling rig off another hole and bring it back to the current hole to conduct follow-up drilling.

The drill rig is currently west of the Lake Talc prospect, targeting an unexplored ultramafic sequence.

Shares in MPJ were unchanged in intraday trading, currently trading at 0.6c.

Last week MPJ told the market that it would have more drilling targets on its hands thanks to new geophysical work being undertaken by the company.

It said that it had identified six new conductors as a result of the program, with three pegged as high priority targets.

The current drilling program at Roe Hills is testing a possible 40km mineralisation extension at Roe Hills, near Kalgoorlie.

It is aiming to drill 5000m before the end of the year, with the targets picked out by MPJ’s technical team and ex-CSIRO head of magmatic ore deposits Dr Robin Hill.

Want to find out more about MPJ?

New drilling on the menu for MPJ

New nickel targets by MPJ at Roe Hills

MPJ to spin the drillbit within a week


Where to invest $1,000 right now

When the experts at Next Investors have a stock pick, it may pay to listen.

The Next Investors have been investing in ASX small cap stocks for years, with their best small cap picks yielding returns of 1,200%, 1,120%, 900% and 678%.

They have just revealed their hand-picked, FY2021 stock portfolio of high conviction long-term investments.

Click the link below to see what they are currently investing in.


SEE THE PORTFOLIO

S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Australian ASX Small Cap stocks | Why Finfeed.com is Australia’s leading small cap publication

Founded seven years ago, Finfeed.com is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise.

Finfeed.com provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more.

Finfeed.com is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!

X