Pictured: Core from the massive sulphide intersection at Poseidon’s Golden Swan lode
It certainly is unusual days when in a glum market some of the standout announcements on the ASX have come from nickel players.
This morning, Poseidon Nickel NL revealed the discovery of high-tenor massive nickel sulphides in the first hole of a drill programme designed to test a recently identified EM anomaly.
“This is a very significant discovery in the context of Black Swan given it is only the second time significant massive sulphides have been intersected within the Black Swan disseminated channel since the discovery of the Gosling Lode in 1996,” Poseidon managing director Peter Harold said of the newly named Golden Swan lode.
Poseidon’s exploration success follows and Chalice Gold Ltd’s first drill hole at Julimar, 70km north-east of Perth, which intersected 19m @ 2.6% nickel, 1% copper, 8.4 g/t palladium and 1.1 g/t platinum from 48m, while Mincor Resources NL’s positive DFS on the restart to operations in Kambalda (see April edition of Paydirt) was a hit in the market yesterday.