NickelSearch (ASX:NIS) finds high priority targets at Carlingup -Agbelo News

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  • Nickel explorer NickelSearch (NIS) finds multiple high priority targets from an airborne electromagnetic (EM) survey at its Carlingup nickel project in WA
  • The company undertook the helicopter survey over the entire project and found 29 EM targets, with 15 classified as priority one targets
  • Soil geochemistry has identified nickel fertility at Sexton associated with a priority one EM target which has now become a high priority greenfields target
  • Priority targets from these anomalies will now be followed up with mapping, soil sampling and possible ground EM geophysics to further refine the targets prior to the drilling
  • On market close, NickelSearch was up 4.76 per cent and trading at 22 cents per share

NickelSearch (NIS) has found multiple high priority targets from an airborne electromagnetic (EM) survey at its Carlingup nickel project in the south of Western Australia.

The nickel sulphide explorer conducted the helicopter survey over the entire project and found 29 EM targets, with 15 classified as priority one targets.

Of those targets, 13 were found along the Carlingup Trend and a further 16 at the underexplorered Raverensthorpe Range Trend.

Soil geochemistry has identified nickel fertility at Sexton associated with a priority one EM
target which has now become a high priority greenfields target.

The anomalies match with the known deposits and high priority prospects and, according to NickelSearch, confirms EM surveying as a valid method for identifying additional nickel sulphide discoveries.

“We are very pleased to announce an exciting new pipeline of targets arising from analysis of the airborne EM and magnetic survey conducted over the entire Carlingup project area,” Managing Director Nicole Duncan said.

“NickelSearch is committed to greenfield exploration and is utilising airborne EM and ultrafine soil geochemistry to screen the entire Carlingup land package for the first time. Identification of these new targets supports the company’s exploration strategy.”

Priority targets from these anomalies will now be followed up with mapping, soil sampling and possible ground EM geophysics to further refine the targets prior to the drilling.

On market close, NickelSearch was up 4.76 per cent and trading at 22 cents per share.

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