Back
Categories
Region
Keep up to date with service providers news here

Leo Dam Results Brings Significant Development Opportunity For Pioneer

Pioneer Resources have been buoyed by their latest drilling results announced to the ASX on Thursday 9 April.

The drilling programme at Leo Dam, ~25 kilometres south of Kalgoorlie, consisted of six reverse circulation holes totalling 1,771m with an average depth of 295m, the deepest hole reaching 403m.

In the release, Managing Director, Tim Spencer said, “We are very encouraged by the results from the recent drilling and DHEM survey at Leo Dam.  The fact that nickel sulphides were encountered in all six holes, including some broad strongly anomalous zones, is a significant development.  The results confirm that Leo Dam sits in a prospective channel for nickel sulphides – and there appears to be a strong EM conductor, which can indicate massive sulphides, below the depth of this drilling programme.”

Further work is planned within the next three to six months.  However the impact of Covid-19 could be a factor before further drilling takes place, including the extension of one of current drill holes.

Leo Dam, part of the Blair nickel sulphide deposit is classed as “Kambalda style”, with nickel sulphides accumulating at the “Basal Contact”.  It lies within a belt where some of Australia’s most productive gold and nickel mines have generated millions for the local economy.

Share:

Be Featured

I'm not a robot *