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Ark Mines (ASX:AHK) welcomes assays confirming robust nickel-cobalt grades at Gunnawarra - Kalkine Media

Image Source: Ark website

Highlights

  • Ark Mines (ASX:AHK) has received assay results for the Phase 2 drilling at its Gunnawarra Nickel Cobalt Project.
  • The results have confirmed robust nickel-cobalt mineralisation at Gunnawarra.
  • The Phase 2 program is an important step towards the delivery of a maiden Mineral Resource Estimate for Gunnawarra, expected in H1 2023.
  • Ark states that it is well-advanced with beneficiation test work, a key aspect for fast-tracking the project commercialisation.

Australian mineral exploration company Ark Mines (ASX:AHK) has released encouraging assays from the Phase 2 drill program at its highly prospective Gunnawarra Nickel Cobalt Project.

The campaign at the company’s fully owned North Queensland-based Gunnawarra project saw 844m of reverse circulation (RC) drilling via 28 holes. The holes have an average depth of 30 metres with the deepest being 59 metres.

Significant nickel-cobalt drillhole intersections included:

(Source: © 2022 Kalkine Media® | Data Source: AHK update, 1 December 2022)

The results highlighted that most of the intersections were shallower in depth with little to no overburden.

The company expects to deliver a maiden Mineral Resource Estimate for Gunnawarra in H1 2023.

This is what Ark Executive Director Ben Emery says

(Source: © 2022 Kalkine Media® | Data Source: AHK update, 1 December 2022)

Share price: AHK shares were trading at AU$0.280 apiece midday on 01 December 2022.

More to come...



 


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