Nullarbor Project: Drilling Update

The first drill test on the high magnetic target T8 has been terminated after intersecting a magnetite-rich, mafic intrusive rock type (gabbro) from 477 metres to the end of hole at 533.2 metres. This gabbroic rock contains an unusually high magnetite content (40-50 % by volume) that clearly explains the source of the magnetic anomaly. No significant visible copper or nickel sulphides were observed. Selected intervals will be sampled for multi-element analyses.

The drill rig will now move on to test the very high gravity but weakly magnetic target T13. Visual results from this drill hole will be made available upon completion..

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