Off-hole conductors confirmed by MPJ

Published at Dec 15, 2015, in Juniors

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.

The Roe Hills Project is located approximately 120km east-southeast of Kalgoorlie and 70kms due east of WA’s premier nickel sulphide mining and processing centre of Kambalda in the Eastern Goldfields of 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.

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.