Sirius Resources NL (ASX:SIR) (“Sirius” or the “Company”) advises that ongoing exploration at its Fraser Range and Polar Bear projects continues to highlight additional prospects which will be subject to drilling over the next few months.
Centauri nickel target (Fraser Range JV – SIR 70%) Ground electromagnetic (EM) surveying has identified a broad EM anomaly beneath the Centauri nickel-copper soil anomaly (see Figure 1). This EM anomaly coincides with the extent of the nickel-copper anomaly and is centred on the location at the centre of the soil anomaly where prospecting has identified gossanous subcrop grading up to 0.6% nickel and 0.1% copper (see ASX announcement 3rd February 2014)
Preliminary modelling of this EM anomaly indicates the presence of a shallow, broad, flat lying conductor. Such conductors may reflect the presence of sulphide, graphite or saline groundwater. Drilling is scheduled to commence before mid-May.
Crux nickel target (Fraser Range JV – SIR 70%) Ground electromagnetic (EM) surveying has identified a broad EM anomaly beneath the southern part of the Crux nickel-copper soil anomaly (see Figure 1). This EM anomaly partially coincides with the southern cluster of nickel-copper soil anomalies at Crux (see ASX announcement of 3rd February 2014) and is similar to that at Centauri. Drilling is scheduled to commence following completion of the initial drill program at Centauri.
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