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Stratum Metals has pinpointed three separate large electromagnetic anomalies that show potential for nickel sulphide mineralisation at its Menzies Goldfields project.

 

The company discovered the anomalies, which range in size from 200 to 490 metres in strike length, in a first pass time domain electromagnetic survey.

 

These anomalies have the characteristics of genuine bedrock conductors that indicate the potential for massive sulphide mineralisation.

 

They remain open and only partially defined due to the limited initial survey coverage which provides further extension potential to the anomalies.

 

Mr Martin Holland MD commented that “This is an exciting discovery for Stratum on the East Menzies Goldfields project. There has been no modern systematic exploration for nickel sulphides in the project area, so this offers us serious short term potential in addition to our substantial gold opportunity on the project. The EM work has shown potential for a large system and the conductors are all open giving further opportunity for extension. We are looking forward to testing the conductors targeting for nickel sulphide mineralisation.”

 

Sampling at the project in drill spoils on the Jenny Venn gold prospect in the past has assayed up to 0.5% nickel and with highly anomalous chromium (0.3%-0.46%). These assays were taken in the vicinity of one major conductor.

 

Work undertaken by CRA in 1969 also discovered a gossan south of the identified conductors called the “E” prospect with rock chip assays up to 1.43% nickel and anomalous copper and zinc.

 

Only two follow up drill holes were completed on the prospect and both intersected mineralisation.

 

Notable intersections of 3 metres at 1.49% nickel from 16.7 metres and 4.5 metres at 0.77% nickel in dispersed sulphides from 51 metres were reported from this drilling.

 

Both drill intersections also showed anomalous copper and zinc associated with the nickel mineralisation.