Off-hole conductors confirmed by MPJ
Published 15-DEC-2015 13:04 P.M.
2 minute read
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
Mining Projects Group (ASX:MPJ), the WA-based nickel explorer, has revealed the presence of off-hole conductors underneath its Talc Lake Prospect near Kambalda, WA.
Recently intersected nickel sulphides at its 100%-owned Roe Hills Nickel Project has raised optimism that MPJ can prove up a significant resource in WA.
Two holes drilled 600m apart at the eastern edge of Talk Lake, represent the first effective test of what is now interpreted to be the basal ultramafic sequence at Talc Lake.
A preliminary assessment of the DHEM data by MPJ’s geophysical consultants, Newexco, reports a strong off-hole conductor situated just north of Talc Lake, leading MPJ to conclude the conductor is ‘worthy of further evaluation’, according to an ASX filing.
A detailed assessment of all available geological and geophysical data is in progress to guide follow-up drill testing of this emerging high priority target area.
Assays received for another drill hole in the western region of Talc Lake confirm the previously reported presence of nickel bearing sulphides. A parallel assay result at Talc Lake was 1.3m at 0.5% nickel, 1,077ppm copper, 81ppb Platinum and 139 ppb Palladium from 256.8m.
Earlier this year, MPJ reported spot readings of sulphide blebs/veinlets using portable Niten XRF returned values up to 3.42% nickel.
Technical Director Mr Neil Hutchison said, “These results are an extremely exciting development in locating Massive Nickel Sulphides at Roe Hills. The eastern sequence is interpreted to be the main basal ultramafic flow in the Talc Lake area and potentially the most prospective. Newexco have identified new significant conductors coincident with recent Nickel Sulphide intersections within this sequence. These targets will be included in the high priority list for follow up drilling.”
MPJ anticipates completing the current field program before Christmas, with high priority drilling planned to re-commence early in 2016.
General Information Only
S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (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 and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.