"The RC drilling also discovered a new nickel laterite zone west of Yunndaga, called Acacia Ridge, with high-grade nickel hits of 14 metres at 0.91% Ni, 0.17% Co and 15 metres at 0.76% Ni, 0.17% Co being recorded. The high cobalt values are particularly noteworthy. This is believed to be an extension of the large Highway nickel laterite deposit to the south."
"Rox also drill tested a likely nickel laterite zone west of Yunndaga, where no previous drilling had occurred. A line of 5 holes for 200m intersected significant nickel in every hole,with best results:
YNRC0003 14 metres at 0.91% Ni, 0.17% Co or 1.59% NiEq, including
2 metres at 1.39% Ni, 0.30% Co or 2.59% NiEq
YNRC0001 15 metres at 0.76% Ni, 0.17% Co or 1.44% NiEq, including
2 metres at 1.06% Ni, 0.45% Co or 2.86% NiEq
(NiEq = Ni + 4 x Co, based on current metal prices)
Drilling intersected both saprolitic material with very high cobalt values, and low
magnesium siliceous material, similar to the Highway deposit to the south where Heron Resources Limited recently announced a resource of 85 million tonnes grading 0.72% Ni, 0.051% Co. Heron expect siliceous ore to upgrade to 1.5% Ni."
