Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Acacia Coal has completed an initial soil geochemistry program at the Mt Bruce Project
  • The program has identified discrete nickel, copper and cobalt anomalies across a 1.8 kilometre strike length
  • Acacia will assess the strike length for potential follow-up exploration

Acacia Coal has announced an exploration update on its Mt Bruce Project in Western Australia.

The company has completed an initial soil geochemistry program, comprising 90 soil samples. Acacia Coal was targeting areas considered prospective for hosting cobalt, nickel and copper mineralisation.

The company is pleased the program has identified discrete nickel, copper and cobalt anomalies across a 1.8 kilometre strike length.

The target areas were chosen based on historical sampling that was undertaken by Western Mining Corporation in 1971. This program returned anomalous cobalt results of 5600ppm, 3350ppm and 1300ppm.

Mt Bruce is located within the Hamersley Basin, just one kilometre from Tom Price. The project covers a total area of 44.36 square kilometres.

Acacia Coal was initially attracted to the tenement based on its geological contact between the Bunjinah and Jeerinah Formations. These formations are prospective for cobalt, nickel and copper mineralisation.

Exploration at Mt Bruce is relatively new as the company only announced the commencement of exploration on May 28 2019.

The Mt Bruce Project is a new project for Acacia Coal, having been granted the tenement just six months ago.

The company has also completed a maiden drill program at its Mt Windarra Project which included nine reverse circulation holes for a total of 946 metres. Assay results are pending and will be made available in the coming weeks.

In the mean time, Acacia will assess the strike length at Mt Bruce for the potential for further follow-up exploration.

AJC by the numbers
More From The Market Herald
Champion Iron (ASX:CIA) - CEO, David Cataford

" Champion Iron (ASX:CIA) achieves record net income in June quarter

Champion Iron (ASX:CIA) has achieved a record net income of C$75.6 million (roughly A$78.9 million) during…
Champion Iron (ASX:CIA) - CEO, David Cataford

" Champion Iron (ASX:CIA) to return to full production at Bloom Lake

As of April 15, mining services have been deemed a "priority service", so Champion can ramp…
Champion Iron (ASX:CIA) - CEO, David Cataford

" Champion Iron (ASX:CIA) winds down mining at Bloom Lake

Mining company Champion Iron (CIA) will decrease operations at its Bloom Lake mine in Canada, per a government directive.

" A recommissioned mine pushes Champion Iron over a significant milestone

Canadian based mining explorer Champion Iron reached its ten-millionth shipped tonne of iron ore today, thanks…