Segue Resources advances major nickel exploration in the Fraser Range
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
Segue Resources (ASX:SEG) is progressing a major exploration initiative for mafic-ultramafic hosted nickel-copper sulphide deposits at the Plumridge Nickel Project in the Fraser Range Province of Western Australia.
Last month, SEG commenced the collection of geological, geochemical and geophysical datasets. SEG’s exploration programs also include the collection of detailed airborne magnetic data, reconnaissance aircore drilling, orientation geochemical surveys, moving loop electromagnetic surveys and reverse circulation and diamond drilling.
These programs provide an immediate test of recently generated targets whilst continuing exploration across the wider project area, which is expected to generate the next series of exploration targets.
Aircore drilling
A 48 hole, 2,162 metre aircore drilling program has now been completed over seven targets at the Plumridge Nickel Project.
The objective of the drilling was to collect geological and litho-geochemical data to provide an initial test of the target zones that had been identified in airborne magnetic and electromagnetic data.
SEG’s drilling penetrated the transported cover sequence and went into the bedrock to provide a clear indication of the rock types. Results have also provided critical data on the depth and nature of the younger sedimentary cover.
The bedrock samples are being assayed initially by XRF and then submitted to the laboratory for final assay, with results to be reported upon receipt.
Bedrock conductor drilling
SEG has submitted a Program of Work to the Department of Mines and Petroleum for reverse circulation and diamond drilling of the high priority conductors, C1 to C4, at the E21 target.
The POW expected to be approved by mid-September, with this next stage of drilling to commence immediately thereafter.
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.
