New drilling on the menu for MPJ

Published at Nov 5, 2015, in Juniors

Mining Projects Group (ASX:MPJ) thinks it has more drilling targets on its hands as the result of geophysical surveys at its Roe Hills nickel sulphide project in WA.

The ASX-listed nickel explorer has been drilling at its Roe Hills Project since late-October, but in conjunction has been conducting moving loop geophysical surveys to try and firm up additional anomalies.

MPJ told shareholders today that it had identified six conductors as a result of the program, all of which are in conjunction with a previously unexplored ultramafic sequence.

The new exploration area identified by MPJ

The new conductors are located south of the Narrow Neck prospect and run south down to the Copter Cove prospect.

Of the six conductors identified, three have been pegged as high priority and will be further explored in preparation for drilling.

Fixed loop geophysical surveys will be conducted over the six prospects to try and further firm up targets, while rock chip samples will be sent to the lab.

If MPJ is able to firm up drilling targets, it would be the first time the nickel sulphide potential of the area has ever been tested with the drillbit.

It said any targets identified would be tested as part of the current drilling program at Roe Hills, which is testing a possible 40km mineralisation extension.

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 know more about MPJ?

New nickel targets identified by MPJ at Roe Hills

MPJ to spin the drillbit within a week

MPJ pinpoints nickel sulphide lava channel at Roe 1

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.