14m @ 2.5% Ni Hit 330m West of Resource Area
Avebury Nickel Project Mineralisation Extended to +1000 Metres Strike Length
SYDNEY, Australia, Aug. 3 /PRNewswire-FirstCall/ -- Surface drilling at
Avebury Nickel Project near Zeehan, Tasmania has intersected a wide zone of
high grade nickel sulphide mineralisation approximately 330 metres west along
strike of the current resource area. Cored drillhole A053 intersected 14m of
2.5% nickel.
The latest intersection in hole A053 complements the ore grade intercept
previously announced in drill hole A050 which intersected 12m averaging 1.60%
Ni, located 150m west along strike of the Viking deposit. "We could not have
hoped for better. This is shaping up as a nickel ore province," stated Ian
Levy CEO of Allegiance.
Holes A053 and A050 are the only two holes drilled west of the current
resource outline and both intersected wide zones at ore grades. Holes A053 and
A050 confirm the westward extension of nickel mineralisation and confirm the
effectiveness of the company's exploration techniques.
The Avebury mineralised system has now been drill identified over a strike
length exceeding 1,000m. Only the eastern half has been drilled in detail for
the definitive feasibility study of the Avebury Nickel Project which is
scheduled to be completed in late September -- early October. The potential
for future expansions of nickel resources for the Avebury Nickel Project has
been significantly enhanced by holes A050 and A053.
Allegiance Chairman, Tony Howland-Rose, said this latest drill intercept
is a reassuring confirmation of our long held belief that the Avebury nickel
ore system extends over a very large strike length and could be several times
larger than the resources currently being used for the definitive feasibility
study.
SOURCE Allegiance Mining
 back to top
Related links:
http://www.allegiance-mining.com.au
CONTACT:
Tony Howland-Rose, +612-9299-1771, Mobile:
+61-418-972-112
|
