The Market Online - At The Bell

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

  • Exploration efforts at SI6 Metal’s (SI6) Airstrip Prospect in Botswana confirm a 2.5-kilometre-long anomaly that could be subject to further testing
  • The company has undertaken an induced polarisation survey at the prospect in a bid to refine potential targets
  • Data from the surveys has given way to a “number” of high chargeability anomalies
  • SI6 says the programme is a success and is laying plans for follow-up drills
  • SI6 Metals shares are up 9.09 per cent to trade at 1.2 cents

Exploration efforts at SI6 Metal’s (SI6) Airstrip Prospect in Botswana have confirmed a 2.5-kilometre-long anomaly that could be subject to further testing.

The find stems from SI6’s induced polarisation (IP) survey at the prospect, where the company is hoping to identify base and precious metals within the Limpopo Mobile Belt in Botswana.

Specifically, these ongoing geophysical programs are designed to locate sulphide mineralisation for follow-up drill testing.

SI6 said gradient array data shows a number of prominent IP high chargeability anomalies corresponding with an IP low resistivity anomaly and some strong surface geochemical response.

Si6 Executive Chairman Patrick Holywell said the ongoing programme is proving to be a success.

“There are some great target areas along strike of the known mineralisation, demonstrating strong potential for deep seated mineralisation which warrant further exploration,” he said.

SI6 said it is seeking quotes from in-country drill companies in a bid to follow up the geophysical targets with a combination of reverse circulation and diamond drilling.

SI6 Metals shares were up 9.09 per cent to trade at 1.2 cents at 10:56 am AEST.

SI6 by the numbers
More From The Market Online

Renascor signs Indigenous Land Use Agreement for Siviour Graphite Project

Renascor Resources has finalised an Indigenous Land Use Agreement with the Barngarla Determination Aboriginal Corporation RNTBC.

Sayona sells $13.7M Troilus stake to grow lithium plays as prices low

Hotly watched ASX stock Sayona Mining has sold $12M worth of shares of Toronto-listed Troilus Gold…

Barton Gold sees latest raise exceed target by 300%

Barton Gold (ASX:BGD) has announced that its latest share purchase plan (SPP), intended to raise A$1M,…
The Market Online Video

Market Update: Unemployment on an even keel as ASX gains marginal ground

Australia's unemployment has edged up to 3.8%, according to ABS data, marking a 0.1% increase with…