AEX 0.00% 1.1¢ acclaim exploration nl

aex looking interesting

  1. 3,176 Posts.
    ACCLAIM EXPLORATION NL 2002-04-23 ASX-SIGNAL-G

    HOMEX - Perth

    +++++++++++++++++++++++++
    HIGHLIGHTS

    * Drilling at Wingellina has returned additional long intersections
    of 93 metres at 1.2% nickel and 66 metres at 1.0% nickel within the
    Inco Zone.

    * At the southern end of the Inco Zone nickel oxide mineralisation
    extends to a depth of 200 metres. Deeper drilling is now in progress
    to test below this oxide mineralisation.

    * The drilling has confirmed that the nickel oxide mineralisation is
    considerably thicker than that achieved by the Inco drilling of the
    1950's and 60's.

    * The nickel oxide mineralisation occurs as limonite type near the
    surface and deeper as saprolite type.

    * Nickel extraction of up to 96% nickel has been achieved from
    saprolite type mineralisation at atmospheric pressures.

    * Disseminated nickel sulphides were intersected in deeper drilling
    providing confirmation of the prospectivity for massive sulphide
    mineralisation.

    * The Measured and Indicated Mineral Resource for the Inco Zone at
    Wingellina is 124 million tonnes at 1.0% nickel of nickel oxide
    mineralisation largely based on Inco drilling. Potential exists to
    substantially increase the resource.


    E Eshuys
    CHAIRMAN

 
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