|
New Discovery At Bannockburn |
|
|
|
|
Jubilee Mines NL has discovered significant nickel sulphides at the Sinclair
Prospect within the 100% owned Bannockburn Nickel Project, near Leonora in the Eastern
Goldfields, W.A.
Diamond drill testing of a discrete electromagnetic conductor
modelled from both moving loop (MLEM) and fixed loop (FLEM) electromagnetic surveys has
intersected significant basal contact related massive and disseminated nickel sulphides over
at least a strike length of approximately 100 metres.
The mineralisation consists
of multiple zones of medium tenor disseminated, massive-stringer and massive sulphides in
both hanging wall and basal contact positions. Based on the current information, the
prospective basal contact is interpreted to be folded, therefore presenting the opportunity
for structural thickening and repetition of the
mineralisation.
Jubilee has
completed down hole electromagnetic (DHEM) surveys on both CWD002 and CWD004, which indicate
the presence of significant off hole conductors adjacent to both holes. The down hole and
surface geophysical information, combined with the limits of the drilling to date,
demonstrate that the system remains open in all directions.
An ongoing FLEM
survey 1.1 kilometres to the south has defined a bedrock conductor over a strike length of
approximately 400 metres. The conductor is coincident with the same stratigraphic basal
contact position of the prospective ultramafic drilled to the north. Jubilee expect that
initial drilling of this target will be completed by the end of the year.
|
