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...