Announcement Date: 2022-09-21
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Sabre Resources Ltd.
Project name: Nepean South
Location: Australia
Commodities: Nickel
Highlight: Drilling results incl. 8m at 1.01% Ni from 28m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Sabre Resources Ltd (ASX: SBR) is pleased to announce that the Company has received excellent results from the first 12 of 18 RC holes (2,382m) drilled at the Nepean South Nickel Project (E15/1702) located near Coolgardie in the highly prospective Eastern Goldfields of WA (see Figure 1). Sabre is earning an 80% interest in the Nepean South E15/1702 from Metals Australia Ltd (ASX:MLS) 1 . The RC drilling tested the targeted ultramafic rocks that are interpreted to extend the entire 12km strike length of the Nepean South tenement on five broad-spaced sections (see Figure 2). The Project is located immediately along strike to the south of the Nepean massive nickel sulphide mine that produced 1.1Mt at 3.0% Ni between 1970 and 19872 (Figure 1). The results received are from the first 12 RC holes which tested the southern three sections of previous shallow RAB drilling (Mincor Resources NL, 2007-2012)2 that produced high nickel with copper grades in weathered ultramafic rocks including 6m @ 1.84% Ni and 0.02% Cu from 18m in NRB048
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