An electromagnetic conductor at the Lantern East prospect, a structural target on the margin of a major intrusion and a disseminated sulphide target at the Lantern South prospect are all expected to be drilled with planned depths from 200 to 380 metres.
Shares have been as much as 7.5% higher in early trade to 4.3 cents.
Managing director Brad Underwood said the drilling marked the first program at the companys Fraser Range Project and the first diamond drilling program to ever be undertaken looking for nickel in the area.
Greenfields project with “great potential”
“As such, this greenfields project has great potential and is also very well located within the emerging new nickel province of the Fraser Range.
“We have around 500 metres of diamond drilling planned across three separate areas with each zone showing potential for sulphide mineralisation.
“This is an exciting part of the exploration process and we look forward to updating the market as results become available.”
The project lies between the Nova mine of IGO Ltd (Read More – Source