Mt Finnerty - Nickel
HIGHLIGHTS
Previous exploration in the area by Western Mining Corporation (WMC) during the 1970s discovered a gossan; and two vertical drill holes in a subsequent drilling program intersected 1.34% Ni (BRFP28) and 1.14 % Ni (BRFP21) each over an interval of 3 metres.
Drilling in March 2008 returned 25m@0.91%Ni plus anomalous Pt & Pd.
Two strong "end of line" anomalies were identified during geophysical work carried out in MarQ08.
Four highly anomalous soil geochemical anomalies that are coincident with the basal ultramafic/basalt contact and spread over 10km of strike have been identified.
OVERVIEW
Exploration at Mt Finnerty is focusing on three clearly defined nickel sulphide target areas which demonstrate the following:
- Anomalous geochemical signatures (up to 1% nickel and 400ppm copper) in previous, shallow RAB drilling of strongly weathered ultramafic units.
- 4km long soil nickel anomaly (>250ppm nickel) and a coincident 2km long copper anomaly (>170ppm copper), revealed by recent reconnaissance soil lines over the intact basal contact.
- Favourable geological settings where intact basal contacts of high MgO ultramafic sequences with potential channel embayments are effectively untested by previous drilling.
2010-08-18 00:20:47
NEWS FLOW...
March 8, 2010
Mt Finnerty Nickel HoA with Western Areas NL terminates
The earn in requirement at the Mt Finnerty Nickel project by Western Areas has not been satisfied therefore the Heads of Agreement has lapsed.
Reed resumes 100% nickel rights to project.
Reed to progress nickel exploration in own right.
More...July 16, 2009
Reed buys Breakaway's Mt Finnerty JV rights
"Breakaway Resources Ltd (ASX:BRW) has sold its earn-in rights for the Mt Finnerty joint venture to Reed Resources Ltd (ASX:RDR) for a total consideration of 500,000 fully paid ordinary shares in RDR.
"Given Breakaway's previously announced strategy of focusing its future exploration activities on its priority projects, and maximising shareholder value for non-core assets, the decision was made to dispose of BRW's interest in the project, whilst retaining exposure to any future upside through a shareholding in RDR."
More...October 31, 2008
Quarterly Activities Report
Completion of RAB drilling program (225 drill holes) to test the key basal ultramafic contact and initial testing of other areas of ultramafic rocks. Assay results are awaited.
More...September 23, 2008
Western Areas commences drilling at Mt Finnerty Nickel JV
Western Areas has commenced drilling at the Mt Finnerty Nickel JV.
Most of the drill holes are designed to test and more clearly define the basal contact between the western ultramafic sequence and the underlying basalt, which is the key targeting position for nickel sulphide mineralisation.
The rotary air blast drilling programme will involve up to 320 drill holes along 65 drill traverses spread throughout the project.
More...July 30, 2008
Quarterly Activities Report
Exploration by Western Areas during the quarter continued with completion of logging and sampling of the 2007 RAB drilling program. Selected chips were retained for lithological identification and a total of 1,007 samples from selected drill holes submitted for chemical assay to complete the geological and check sampling.
Niton portable XRF results from 3,933 RAB samples have been compiled and calibrated and checked against some 1,007 conventional assay samples, with good correlation of nickel values between the two methods.
More...July 11, 2008
Western Areas planning drilling program for nickel at Mt Finnerty
RC and RAB drilling programs are planned to be undertaken in the September Quarter. The RC drilling program will test the anomalous nickel values in drill hole MFR064 as well as two IP anomalies which were identified west of the interpreted basal ultramafic contact. MFR064 intersected 25m @ 0.91% Ni and up to 31ppb PGE from 6m.
More...April 28, 2008
Quarterly Activities Report
Two strong “end of line” geophysical anomalies identified – follow up work required. More...January 8, 2008
"Highly anomalous geochemistry at Mt Finnerty"
Western Areas announced today that "an EM survey is already underway over areas of highly anomalous geochemistry at Mt Finnerty."They have planned an "active exploration" program for nickel at Mt Finnerty during the March Quarter. More...
December 11, 2007
Mt Finnerty Nickel Exploration Update
Commencement of EM survey over basal contact of Western Ultramafic sequence as a follow up to recently completed RAB program by Western Areas. NITON results being confirmed by assay prior to release. More...October 18, 2007
Nickel Exploration Update
Western Areas NL commences RAB drilling at Mt Finnerty. More...July 26, 2007
Quarterly Activities Report
Highly anomalous soil geochemical anomalies coincident with the basal ultramafic/basalt contact, over 10 km of strike, targeted for follow-up ground EM/IP surveys. More...February 28, 2007
Mt Finnerty Nickel Farm-in with Western Areas
A key development at the Mt Finnerty project has been the signing of a joint venture agreement with Western Areas to explore for nickel sulphides. The agreement with Western Areas, a successful and progressive nickel producer, particularly with its Flying Fox nickel mine, and its experience and success in nickel exploration in adjacent greenstone belts confirms the Board’s view that the Mt Finnerty project covers one of the most underexplored, fertile ultramafic sequences in the Eastern Goldfields. More...
January 31, 2007
Second Quarter Activities Report
Exploration during the quarter continued to focus on the nickel sulphide potential of the Mt Finnerty Project. A soil geochemical survey was carried out at two locations in the Watt Hills (Hunt Range) greenstone belt on grids of 400 metres x 50 metres. More...
October 31, 2006
First Quarter Activities Report
The Company engaged a consultant geologist to review and evaluate previous nickel sulphide exploration, including the Company’s initial drilling program and an interpretation of aeromagnetic survey data. This review confirmed the presence of a coherent sequence of Kambalda-style spinifex-textured ultramafic flows along the western flank of the greenstone belt. More...
July 28, 2006
Fourth Quarter Activities Report
The Company’s consultant geologist has completed compilation of data from the previous year’s nickel exploration drilling program and this work is currently being evaluated. The drill samples acquired from Portman’s drilling program are being examined by our consultant geologist for inclusion in an evaluation of the Project’s gold and nickel potential. More...
