Segue Resources advances major nickel exploration in the Fraser Range

Published at Sep 15, 2014, in Small Caps

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.

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