Encouraging results have been released from the Kabanga nickel project in northwestern Tanzania.
BHP Minerals can earn a 58% interest from Sutton Resources (VSE) by funding all exploration and development up to a production decision. Preliminary results from Hole 36, reported in mid-December, included a 107.3 ft. intersection from 1,088.6 ft. to 1,195.9 ft. grading 2.51% nickel, 0.36% copper and 0.20% cobalt.
Additional results from the same hole include: 34.7 ft. from 888.3 ft. to 923.0 ft. grading 1.57% nickel, 0.16% copper and 0.09% cobalt; and 294.8 ft. from 1,400 ft. to 1,694.8 ft. grading 1.76% nickel, 0.22% copper and 0.14% cobalt.
The hole is 3,600 ft. north of the area which hosts the known deposit, the preliminary resource estimate for which was last stated as 25.5 million tons grading 1.19% nickel, 0.1% cobalt and 0.2% copper based on a 0.5% cutoff for nickel.
The attitude of the intercepts and their relationship to the Kabanga deposit is not yet known.
Further drilling will be required on the discovery before accurate true widths can be estimated for intersections. Exploration on Kabanga, as well as in the nearby Kagera region, is continuing.
BHP can earn a 66% interest in the Kagera ground by funding exploration and development up to a production decision.
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