- Hexagon Energy Materials (HXG) identifies several priority nickel-copper targets at the McIntosh Project in Western Australia
- The Melon Patch North, Mabel Hill, Jackal and Hyena targets were recently identified via a structural and historical geochemical review of the project
- Nearly 29,600 geochemical samples and 70 holes were reviewed from 1967 to 2018
- Hexagon has now begun detailed structural and geological mapping over the McIntosh Project with focus on areas or interest highlighted in the review
- Hexagon has ended the day in the grey with shares trading at 7.3 cents
Hexagon Energy Materials (HXG) has identified several priority nickel-copper targets at the McIntosh Project.
The 550-square-kilometre McIntosh Project lies in the East Kimberly region of Western Australia and consists of 16 tenements.
As of April 2019, the project contains a JORC mineral resource of 23.8 million tonnes at 4.5 per cent total graphite carbon (TGC) for 1.1 million contained tonnes.
Hexagon has identified several high-priority targets, Melon Patch North, Mabel Hill, Jackal and Hyena, which were identified via a structural and historical geochemical review of the project.
All up, 29,558 geochemical samples and 70 holes were reviewed from 1967 to 2018.
Melon Patch North
The Melon Patch North target lies within a sub-cropping mafic to ultramafic complex.
Several gossans were identified which returned more than one per cent nickel and more than one per cent copper in several instances.
Previous work has intersected broad zones of low-to-medium grade dispersed nickel and copper sulphides as well as pyrite, chalcopyrite and pentlandite mineralisation to depths of 65 metres.
A fixed loop electromagnetic survey in 2007 identified an anomaly 100 metres east of historical drilling which has so far not been followed up.
Hexagon believes that Melon Patch North represents a significant target to host dispersed nickel-sulphide mineralisation.
Mabel Hill and Jackal
Both Mabel Hill and Jackal lie along the east margin of the McIntosh Project.
Mabel Hill was discovered by Anglo American and previous drilling has returned up to 1.46 per cent nickel and 0.39 per cent copper.
The Jackal target was identified by a ground electromagnetic survey and previous work intersected up to 4.57 per cent nickel and 0.4 per cent copper.
Hexagon has now begun detailed structural and geological mapping over the McIntosh Project with focus on areas or interest highlighted in the review.
Additionally, a review and reinterpretation will be undertaken of the historical airborne and ground geophysical data.
“The findings from the current review highlight the significant potential of the McIntosh Project to host further nickel-copper mineralisation in an area where recent exploration has been graphite focused,” Chairman Charles Whitfield said.
“I am also delighted that we already have an experienced structural geologist in the field, following up on the findings of the review.”
Hexagon has ended the day in the grey with shares trading at 7.3 cents in a $32.55 million market cap.