Market Herald logo

Subscribe

Be the first with the news that moves the market

Arrow Minerals has announced the joint venture with Independence Group at the Plumridge Nickel Project.

The venture project has commenced with the reverse circulation drilling programme to test four conductor plate targets.

The project consists of eight exploration licenses covering 2,500 square kilometers at the Fraser Range Province which is 200 kilometers north of IGO’s Nova nickel, copper and cobalt operation.

Drilling has commenced at the southern end of the project at the Mafic target with it being identified by a moving loop EM (MLEM) and an airborne electromagnetic (AEM) anomaly.

Drilling will then be done at the Perle, Mosaic, and Narwahl targets, which were identified the same way.

IGO will drill at least one hole in each of the targets to identify conductors that may assist in future projects.

The 2018 air core (AC) drill programme identified several new target areas to define favourable geochemistry and it has just recommenced in the 2019 season with anticipation to be completed by June 2019.

Please find the announcement here

AMD by the numbers
More From The Market Herald

" WestStar Industrial (ASX:WSI) banks record cash receipts in Q4

WestStar Industrial (ASX:WSI) banks a record $59.2 million in cash receipts for the December 2021 quarter.
EVZ (ASX:EVZ) - CEO, Scott Farthing

" EVZ’s (ASX:EVZ) Brockman Engineering secures LOI for $40m storage tanks project

EVZ’s (ASX:EVZ) wholly-owned subsidiary Brockman Engineering has secured a Letter of Intent (LOI) from Viva Energy.
Decmil (ASX:DCG) - MD and CEO, Dickie Dique

" Decmil Group (ASX:DCG) secures $18m contract

Decmil Group (ASX:DCG) secures an $18.1 million contract to construct a new Port Hedland Community Centre…
Kleos Space (ASX:KSS)- CEO, Andy Bowyer

" Kleos Space (ASX:KSS) reschedules Patrol Mission satellites launch

Kleos Space SA (ASX:KSS) reschedules its Kleos Patrol Mission satellites launch date to April this year.