Announcement Date: 2022-11-14
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Lunnon Metals Ltd.
Project name: Kambalda
Location: Australia
Commodities: Palladium,Platinum,Copper,Nickel,Cobalt
Highlight: Drilling results incl. 1.72m at 4.09% Ni, 0.25% Cu, 1000.00ppm Co, 0.46g/t Pt, 1.41g/t Pd from 347.02m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Lunnon Metals Limited (ASX: LM8) (the Company or Lunnon Metals) is pleased to provide an update on the progress of its discovery programme in the Warren channel, part of the previously operated Foster nickel mine at its Kambalda Nickel Project (KNP). As reported on 5 July 2022 diamond hole WRN22DD_005 intersected 1.06m @ 5.28% Ni (from 351.34m) hosted in a basalt-basalt pinch out position, below the main Kambalda Komatiite-Lunnon Basalt contact. The intersection was on the up-plunge northern edge of the targeted Down-Hole Transient Electro-Magnetic (DHTEM) conductive plate. WRN22DD_004W1, drilled in the down-dip position on the mid-section line of the same DHTEM plate, intersected 5.60m @ 1.06% Ni (from 401.4m). Following these successes, two further parent holes, and an additional wedge hole from one of these parents, were drilled to determine the extent of the nickel mineralisation associated with the DHTEM plate. As implemented at Baker Shoot, diamond drill holes with significant nickel intercepts were selected to undergo geotechnical logging and rock property testwork prior to being cut, sampled and dispatched for assaying. Consequently, the assay results for WRN22DD_006, WRN22DD_006W1 and WRN22DD_007 have now only just been returned.
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