Cannon Resources Limited (ASX: CNR) has received further positive assay results from recently drilled massive nickel sulphide intercepts in diamond holes MFED117 and MFED118 at the Sabre prospect within the company’s flagship Fisher East Nickel Project in Western Australia.
Diamond holes MFED117 and MFED118 were drilled earlier this month targeting high-grade mineralisation developed along the interpreted northern margin of the Sabre channel.
Both holes intersected significant widths of massive nickel sulphides within broader mineralised intervals.
MFED117 returned assays of 5.7m @ 4.5% Ni and 1.0 g/t PGE (Pd+ Pt) from 310.28m. Included in this interval was the massive nickel sulphide zone of 3.7m @ 6.0% Ni and 1.2g/t PGE (Pd+ Pt) from 311.30m.
MFED118 returned assays of 8.3m @ 2.7% Ni and 0.4 g/t PGE (Pd+ Pt) from 132.95m. Included in this interval was the massive nickel sulphide zone of 2.8m @ 5.2% Ni and 0.8g/t PGE (Pd+ Pt) from 138.48m.
“The targeting programme on the northern side of the Sabre channel has been a huge success. The latest assays from holes MFED117 and MFED118 confirm the high-grade nickel content of the massive sulphide mineralisation developed on the northern margin of the Sabre channel,” Cannon CEO, Steve Lynn, said,
“The high-grade nickel mineralisation has over 250 metres of plunge extent and remains open across strike and up and down plunge. We are applying the same targeting methodology to other prospective zones at Sabre and the diamond drill rig is currently at Sabre where we continue to drill these areas to assess their potential.
“Over coming weeks, with the return of the remaining assay results, we will launch into a resource update at Sabre where we are expecting both an increase in tonnes and grade.”
MFED117 and MFED118 have intersected the mineralisation at a high angle and are estimated to be 90% to 95% of true widths. The mineralised interval in MFED118 also incorporates a 0.95m zone of lost core where zero values for Ni, PGE and Co have been assigned.
Future Steps
Infill drilling is ongoing and will continue to establish the lateral width and plunge extent of the highgrade mineralisation at the channel margin.
This drilling will help determine geological controls on mineralisation and assist in future targeting and potential resource growth.
All outstanding assays from existing holes should be returned by July 2022. Cannon will then launch into a resource update for Sabre. This is expected to be completed by August 2022.
For further information please visit: https://www.cannonres.com.au/
