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  • Neometals (NMT) has reported encouraging assay results from RC drilling at the Mt Edwards nickel project
  • The results also confirm the strike extension of nickel mineralisation at Gillet supporting at least a 50 per cent increase in known strike length beyond the current Gillett Mineral Resource
  • The drilling has highlighted significant increases in the mineralised strike at the Widgie South Trend
  • The company now has the confidence that additional work in the area is justified and is keen to realise the potential of the Widgie South Trend
  • Neometals remains steady on the market today and is trading at 19¢ apiece

Neometals (NMT) has reported encouraging assay results from reverse circulation (RC) drilling at the Mt Edwards nickel project.

Drilling, sampling and downhole electromagnetic (DHEM) surveys were conducted across the Widgie 3 and Gillett deposits and the Widgie 3 North, Rhona and Widgie 3 South prospects.

These deposits and prospects are collectively known as the Widgie South Trend. Drilling was also carried out at the Lake Eaton prospect.

Neometals’ drilling at Widigie South Trend and Lake Eaton included 15 RC holes for a total of 2,749 metres and included a sampling and assay program.

Assay results have supported the interpretation of thick disseminated nickel sulphide intercepts with smaller high-grade zones of matrix, semi-massive to massive nickel sulphide.

The results also confirm the strike extension of nickel mineralisation at Gillet, both north and south, supporting at least a 50 per cent increase in known strike length beyond the current Gillett Mineral Resource.

Results include 16 metres at 1.45 per cent nickel including 2 metres at 4.79 per cent and 5 metres at 1.81 per cent nickel; 21 metres at 1.05 per cent nickel including 4 metres at 2.42 per cent nickel.

The drilling has highlighted significant increases in the mineralised strike at the Widgie South Trend.

Neometals has also conducted DHEM surveys on all 13 holes completed at the Widgie South Trend, which showed several conductors considered to be strong targets for nickel sulphide mineralisation.

Further DHEM surveys are currently being conducted on historic drill holes across the Widgie South Trend to generate further drill targets.

The company now has the confidence that additional work in the ara is justified and is keen to realise the potential of the Widgie South Trend.

Work planned for the start of 2020, includes infill drilling to improve the understanding of the Gillet, Widgie 3 and WidgieTownsite deposits, and to test the modelled EM targets.

Neometals remains steady on the market today and is trading at 19¢ apiece, on market close.

NMT by the numbers
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