Drill rig at the Jimberlana Project. Source: Blaze Minerals
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Blaze Minerals (BLZ) begins reverse circulation (RC) drilling at the Jimberlana Project in Western Australia
  • Approximately eight RC holes will be drilled to test two chargeability anomalies identified via a gradient induced polarisation (IP) survey
  • These anomalies lie within intrusions of the Widgiemooltha Suite which is known to host nickel, copper and platinum group element (PGE) sulphides
  • Drilling is expected to be completed by the end of the month with results to follow
  • Blaze ends the day 7.14 per cent in the green with shares trading at three cents

Blaze Minerals (BLZ) has begun reverse circulation (RC) drilling at the Jimberlana Project in Western Australia.

Approximately eight RC holes, for 1200 metres, will be drilled to test two chargeability anomalies identified via a gradient induced polarisation (IP) survey.

These anomalies lie within intrusions of the Widgiemooltha Suite which is known to host nickel, copper and platinum group element (PGE) sulphides.

Drilling is expected to be completed by the end of the month, with results to follow.

“We are very pleased to have secured a drilling rig suitable for this program and to be kicking off our 2022 exploration programs so early in the year,” Technical Director Simon Coxhell commented.

“We are looking forward to advancing our understanding of the Jimberlana Project and the potential of these chargeability anomalies to help target sulphide mineralisation (nickel, copper and PGE’s) within the Widgiemooltha Suite.”

Blaze has ended the day 7.14 per cent in the green, with shares trading at three cents in a $10.01 million market cap.

BLZ by the numbers
More From The Market Online
The Market Online Video

Market Close: ASX signs off on a sigh with all sectors red-lining

The ASX200 finished 1.3 per cent down with every sector in the red and Industrials and Real Estate brittle and bruised as bot…

Week 17 Wrap: BHP-Anglo deal helps push down ASX; US data of concern but AI bulls happy

The big thematics and headlines that drove the ASX this week, plus, the headlines I think…
The Market Online Video

Market Update: ASX on red alert with all sectors below the surface

The ASX200 is trading down around 1.1% with all eleven sectors in the red. Real-estate has…

ResMed spikes on robust results and global growth spurt

ResMed shares have climbed following the release of the company's strong Third Quarter FY2024 results.