{"id":5771,"date":"2024-02-13T09:31:12","date_gmt":"2024-02-13T09:31:12","guid":{"rendered":"https:\/\/economicherald.net\/?p=5771"},"modified":"2024-02-13T09:31:12","modified_gmt":"2024-02-13T09:31:12","slug":"future-metals-spots-multiple-copper-nickel-pgm-drill-targets-along-the-alice-downs-corridor","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=5771","title":{"rendered":"Future Metals spots multiple copper-nickel-PGM drill targets along the Alice Downs Corridor"},"content":{"rendered":"

Future Metals identifies copper-nickel-PGM drill targets along the Alice Downs Corridor
\nHighly prospective area within its Eileen Bore project contains known nickel-copper sulphide mineralisation
\nDrilling planned to test down-plunge extension of the Eileen Bore prospect
\nFME will also test adjacent near-surface economic mineralisation at Drill Targets 2 and 3<\/p>\n

\u00a0<\/p>\n

Special Report:<\/em> Future Metals has identified multiple magmatic sulphide drill targets prospective for copper-nickel-PGMs along the highly prospective Alice Downs Corridor within its Eileen Bore project in WA\u2019s East Kimberley region.<\/strong><\/p>\n

The ~18km strike of the Alice Downs Corridor is characterised by a series of differentiated pyroxenite and gabbroic intrusions emplaced along the Alice Downs Fault \u2013 a major north-northeast trending splay off the deep-seated, mantle tapping Halls Creek Fault.<\/p>\n

Broad zones of disseminated and net-textured copper and nickel sulphides occur within the host intrusions of which the previously mined Copernicus deposit is one such example.<\/p>\n

Confirmed nickel-copper sulphide mineralisation such as the Eileen Bore, Palamino and Salk prospects can also be found on Future Metals (ASX:FME)<\/strong><\/a> tenure despite cover limiting the effectiveness of historical surface sampling.<\/p>\n

The Eileen Bore prospect is of particular interest as it is an advanced exploration target where drilling has confirmed wide, consistent zones of nickel-copper-PGM mineralisation from surface, along a known strike of a ~300m.<\/p>\n

Mineralisation remains open down plunge and at depth, with mineralisation only tested to 96m with a top intersection of 120m @ 0.73% copper, 0.29% nickel and 0.86g\/t PGM 3E from surface to end-of-hole, which includes a 16m interval @ 1% copper, 0.36% nickel and 0.99g\/t PGM 3E from 100m.<\/p>\n

\u00a0<\/p>\n

the three main drill areas at the Eileen Bore prospect. Pic: Supplied (FME).<\/p>\n

\u00a0<\/strong><\/p>\n

Multiple drill targets<\/strong><\/h2>\n

Eileen Bore is one of several targets \u2013 all of which show ultramafic host rocks with in-situ mineralisation and are structurally analogous to the nearby Copernicus nickel-copper mine \u2013 which FME has identified for drilling.<\/p>\n

To the north of Eileen Bore, Drill Target 2 is based on coincident magmatic chalcopyrite-pyrrhotite mineralisation identified in peridotite rock chips by petrology and is associated with nickel, copper, PGM and gold soil anomalism.<\/p>\n

Drill Target 3 to the south is associated with the same coincident soil anomalism identified at Eileen Bore and Drill Target 2.<\/p>\n

Both have not been drill tested.<\/p>\n

Other prospects to be tested include Salk, which is along strike to the north of Eileen Bore, and the Palamino prospect that is within the farm-in area where FME is earning up to 70% in from Octava Minerals (ASX:OCT)<\/strong><\/a>.<\/p>\n

Historical drilling at Salk identified nickel-copper mineralisation in an ultramafic interpreted to be in a fault offset position from the Copernicus mine.<\/p>\n

This includes a top hit of 17m @ 0.31% nickel, 0.18% copper from 36m, including 2m @ 0.68% nickel and 0.31% copper.<\/p>\n

Current structural interpretation suggests mineralisation plunges to the northwest and drilling at Salk has only been to the south.<\/p>\n

At Palamino, historical drilling confirmed a thick pyroxenite body dipping to the northwest that was not previously mapped. Disseminated sulphides were intersected with best results being 5m @ 0.39% nickel and 0.32% copper in WCR016.<\/p>\n

\u00a0<\/p>\n

Future exploration plans<\/strong><\/h2>\n

With targets identified, FME is now planning a drilling campaign to test the down-plunge extension of Eileen Bore and confirm adjacent near-surface economic mineralisation at Drill Targets 2 and 3.<\/p>\n

This initial stage of drilling is planned to begin in early Q2 2024.<\/p>\n

Should initial drilling determine the potential for economic mineralisation, the company will then carry out follow-up exploration in this area.<\/p>\n

FME is also planning field mapping and sampling along the Alice Springs Corridor with a particular focus on Palamino and Salk to confirm the current geological model and refine these drill targets.<\/p>\n

\u00a0<\/p>\n

This article was developed in collaboration with Future Metals, a Stockhead advertiser at the time of publishing. <\/em>\u00a0<\/em><\/p>\n

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n

<\/span><\/p>\n

The post Future Metals spots multiple copper-nickel-PGM drill targets along the Alice Downs Corridor<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Future Metals identifies copper-nickel-PGM drill targets along the Alice Downs Corridor Highly prospective area within its Eileen Bore project contains known nickel-copper sulphide mineralisation Drilling [more…]<\/a><\/p>\n","protected":false},"author":0,"featured_media":5772,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-5771","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nFuture Metals spots multiple copper-nickel-PGM drill targets along the Alice Downs Corridor - Economic Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicherald.net\/?p=5771\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Future Metals spots multiple copper-nickel-PGM drill targets along the Alice Downs Corridor - 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