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Poseidon Nickel (ASX:POS) - Managing Director and CEO, Peter Harold
Managing Director and CEO, Peter Harold
Source: Poseidon Nickel
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  • Poseidon Nickel (POS) receives its latest batch of assay results from a further nine holes at the Golden Swan drill program in WA
  • POS says its latest batch of assays has provided strong widths and grades, with results including 0.8 metres at 14.3 per cent nickel from 178.85 metres  
  • Poseidon says a maiden resource will be prepared once all assay results are received, with an anticipated release date in the September 2021 quarter
  • Meanwhile, the Silver Swan Reserve upgrade drill program is anticipated to get underway later this month
  • Poseidon Nickel shares are trading up 8.70 per cent at 12.5 cents at 10:35 am AEST

Poseidon Nickel (POS) has received its latest batch of assay results from a further nine holes at the Golden Swan drill program in WA.

The Golden Swan resource definition program began in late April and was designed to increase confidence in the continuity of the Golden Swan mineralisation to JORC 2012 Inferred and Indicated levels.

Latest results from drilling include 0.8 metres at 14.3 per cent nickel from 178.85 metres.  

“The latest batch of assays has some good widths and grades, including some very high-grade intervals which will bulk up the tonnes in the mineralised zone,” Poseidon Managing Director and CEO Peter Harold said.

The company says it will be able to prepare a maiden resource once all assay results are received, with an anticipated release date in the September 2021 quarter.

Meanwhile, the Silver Swan Reserve upgrade drill program, designed to increase the high-grade nickel mining inventory at Black Swan, is anticipated to get under way later this month.

Poseidon Nickel shares were trading up 8.70 per cent at 12.5 cents at 10:35 am AEST.

POS by the numbers
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