Si6 Metals (ASX:SI6) - Executive Chairman, Patrick Holywell
Executive Chairman, Patrick Holywell
Source: Patrick Holywell / LinkedIn
The Market Online - At The Bell

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

  • Si6 Metals (SI6) completes the extended AMT survey at the Maibele Nickel-Cobalt-Copper-Platinum Group Element (PGE) Project in Botswana
  • An initial survey was undertaken in mid-2021 and results were ‘encouraging’ for the potential to detect further mineralisation and extend the orebody
  • Results from the extended survey have confirmed a strong conductor, a large south-dipping zone and a large south-dipping anomaly
  • Now the survey has been completed, Si6 is progressing its drilling plans which will likely consist of reverse circulation and diamond drilling and begin the next quarter
  • Shares in Si6 have been trading steady on the market at 0.9 cents

Si6 Metals (SI6) has completed the extended AMT survey at the Maibele Nickel-Cobalt-Copper-Platinum Group Element (PGE) Project in Botswana.

In mid-2021, Si6 completed a 27-line audio-frequency magnetotelluric (AMT) survey across the Maibele North orebody.

AMT surveys measure local magnetic and electric fields, which are used to determine in-phase and out of phase ground resistivity values.

The aim of Si6’s AMT survey was to search for deep extensions of the mineralisation below and along strike of the current resource.

Evidence of deeper mineralisation has been confirmed with two previously drilled holes intersecting nickel sulphides at depth.

This initial survey was ‘encouraging’ for the AMT to detect further mineralisation and potentially extend the orebody below the current envelope.

Results from the extended survey have confirmed the existence of several deep target zones consisting of a strong conductor, a large south-dipping zone and a large south-dipping anomaly.

These targets provide potential to increase the nickel-copper-cobalt-PGE mineralisation at Maibele North.

Executive Chairman Patrick Holywell commented on the program.

“The Maibele AMT survey has proven very effective at mapping existing nickel-sulphide mineralisation at Maibele North and has delineated a number of exceptional target areas at depth, which to date, have not been drill tested,” Mr Holywell said.

“There is certainly great potential to make additional nickel discoveries. The 2021 geophysical survey programs have now been completed with outstanding results achieved.”

Now the survey has been completed, Si6 is progressing its drilling plans, which will likely consist of reverse circulation and diamond drilling and begin the next quarter.

Shares in Si6 have been trading steady on the market at 0.9 cents at 11:55 am AEDT.

SI6 by the numbers
More From The Market Online
The Market Online Video

Market Close: ASX flatlines as Financials flourish and Utilities flounder

The ASX200 closed trading relatively flat. The financials sector gained the most, up 0.35 of a…

Aus inflation read of 3.6% spooks ASX – before quickly returning to green

Australian inflation has come in mixed with an increase of 1% in the March quarter, but…