Suggest reading this report carefully; kept position in FIS due to results and next drilling program.
"The most exciting discovery from the hole was a small 6 centimetre thick stringer of massive nickel sulphide caught up in a much younger Proterozoic aged mafic dyke. Narrow Proterozoic dykes are common in the Norseman-Kambalda area but don’t contain nickel sulphide mineralisation.
It is thought the dyke has thrust its way up from great depths beneath the earth’s crust through massive nickel sulphides on the basal footwall contact, dragging up fragments of nickel ore on its way to the surface (Figure 4).
The interesting thing about this particular fragment is its unusually high values of cobalt (0.15%) and copper (0.60%), very different from the low grades of cobalt and copper returned from the massive stringer sulphide zones elsewhere in the hole."
FIS Price at posting:
16.0¢ Sentiment: LT Buy Disclosure: Held
