Estrella Resources (ASX: ESR) has hit 2.9m of massive nickel-copper sulphide south of its T5 prospect that lies within the company’s Carr Boyd project, ending an almost five-year hunt.
The company had previously declared that the Carr Boyd nickel project, north of Kalgoorlie, a major focus after the initial T5 nickel and copper discovery.
Carr Boyd covers the Carr Boyd layered complex, a 75 square kilometre mafic igneous complex which hosts several nickel and copper sulphide occurrences – the most significant being the Carr Boyd Rocks project.
The new massive sulphide zone announced today is surrounded by a broader 15m-wide zone of vein, stringer, matrix and disseminated nickel-copper mineralisation from a down hold depth of 435.9m.
Key was to focus all funds on Carr Boyd
Chief executive officer Chris Daws said it was an unprecedented time for all those involved with Estrella and the Carr Boyd project.
“Modern science, technology, belief, and persistence has led to this highly significant discovery which is now beginning to unlock the true potential of T5,” he added.
“The board of Estrella recently focused all our shareholder funds and efforts into support the company’s flagship Carr Boyd project.”
The company says the presence of high-grade nickel and copper mineralisation has been verified by site geologists as is “by far” the most extensive intersection away from the historic Carr Boyd mine.
This latest hole hit mineralisation that is open in all directions.
‘Bold move’ to drill deep
“This is a significant breakthrough in the development of the T5 prospect which has been discovered after almost five years of work by our team,” the company stated.
The exploration team spent seven weeks on the ground, setting up and then drilling at T5.
Mr Daws said it was a “bold move” to drill deep holes well below the existing surface drilling.
“Our work has resulted in this intersection of primary magmatic nickel sulphides and Carr Boyd can now join an elite list of recent Western Australian nickel discoveries,” he said.