Regener8 Resources NL (ASX: R8R) has provided an update regarding the East Ponton Future Metals Project. Further to the company applying for further exploration tenements adjacent to the optioned Grasshopper and Seven Sisters prospects, the company has been undertaking a review of historical exploration data within these areas.
This review resulted in the identification of significant Nickel (Ni) and cobalt (Co) mineralization intercepted during historic drilling at the Hatlifter Au prospect by Dominion Mining in 2008 that have not received any follow up exploration.
Managing director, Stephen Foley, commented, “The ongoing review of the historical exploration undertaken within the East Ponton project is continuing to uncover exciting potential. With highly encouraging nickel and cobalt grades over only a 3m composite end of hole sample, and 17m of similar logged unit thickness above being completely untested, the Hatlifter prospect is quickly becoming an exciting and high priority target for Regener8 to further investigate.”
Only mild gold anomalism was encountered from the original drilling campaign with the peak result of 1m @0.44g/t Au returned between 35-36m depth in hole 10CUAC740 on the western side of the northernmost fence line, and the prospect was not followed up in subsequent years.
Although the gold results were disappointing, high-grade nickel Ni and cobalt Co encountered in the drilling returned 3m @1.3% Ni, and 0.61% Co intercepted in end-of-hole 10CUAC740 at the Hatlifter Au prospect.
To find out more, please visit www.regener8resources.com.au
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