Announcement Date: 2022-06-27
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Widgie Nickel Ltd.
Project name: Mt Edwards
Location: Australia
Commodities: Nickel
Highlight: Drilling results incl. 18m @ 4.69% Ni from 246m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Widgie Nickel Limited (ASX: WIN, “Widgie” or “the Company”) is pleased to announce that the assays have been received for RC percussion hole MERC225 at the Gillett North target (refer ASX announcement 30 May 2022 – Exploration drilling discovers new mineralisation at Gillett North) confirming high–grade, thick massive nickel sulphides and disseminated sulphides across two intervals in a blind basal contact position (Figure 2). The high-grade result from MERC225, enhances Widgie’s position to refine its future exploration targets within the Widgie South area. Widgie South currently comprises 70,800t Ni (Indicated and Inferred Resources) across three deposits within proximity of each other (Figure 5) as part of the overall Mt Edwards resource base of 168,150 Ni tonnes (@1% Ni cut-off; see ASX announcement 9 March 2022 – Widgie grows Mt Edwards Nickel Resource). The Gillett to Widgie Townsite corridor covers a strike extent of approximately 1.7 km and has had little exploration completed below 150 metres with only minor historical work carried out in the Gillett North region. The corridor is highly prospective for the discovery of additional nickel sulphide mineralisation as evidenced by the results from MERC225. Downhole electromagnetic (DHEM) surveys have now been completed on nine holes at Gillett and two holes at Gillett North. The results are very encouraging with a strongly conductive body identified at Gillett North below and to the
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