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Caeneus steps up Pilbara nickel hunt with infill drilling

A second major RC drilling program is underway at explorer and developer Caeneus Minerals’ Pardoo nickel project near Port Hedland in WA’s Pilbara region. The company plans to drill about 6000m over a total of 32 drill holes in infill-fashion across the project’s Highway nickel-cobalt-copper-palladium deposit as it looks to table a mineral resource estimate early next year.

The work will also provide further valuable metallurgical and geological information for future use.

Several drill holes will undergo downhole electromagnetic surveys to retrieve further information on extensions of sulphide mineralisation encountered in previous drill efforts.

Caeneus intends for the surveys to validate modelled depth extensions to its mineral system that it describes as “already large” and “shallow”.

The Highway deposit has been peppered with a decent amount of holes, constraining its significant nickel mineralisation to a strike length of 900m, approximately beginning at 30m and yet-to-be-confirmed below-220m depth.

Outside and within the nickel envelope, the deposit hosts significant multi-element potential that Caeneus is also pursuing.

The company believes the mineralisation remains open to the south-west, north and north-east.

It has also identified a possible mineralisation potentially 2.5km in length.

The latest campaign comes after an initial phase of 14 RC holes completed in April that Caeneus hails as highly successful.

The efforts in April aimed to validate historical nickel intersections and investigate the platinum group metal potential of the mineral occurrence.

Assays from the initial phase began to flow early in June and quickly validated the historical results. One standout hole returned a broad intercept of 64m going 0.5 per cent nickel from 28m, containing a higher-grade interval of 14m at 1.0 per cent nickel from 76m.

The same hole yielded further intercepts of 102m at 0.04 per cent cobalt from 27m, 109m at 0.15 per cent copper from 24m and 63m at 0.1 grams per tonne palladium from 24m.

Further assays towards the end of June, revealed the nickel mineralisation at the deposit was even broader with another hole striking 94m at 0.43 per cent nickel from 35m.

It appears Caeneus was able to get its eye in for multi-element mineralisation with its first phase of drilling. However, the game gets more interesting now as the explorer attempts to pump up its upcoming resource with more meaty intercepts.

With its current drill program featuring twice as many holes as its last, it will be interesting to see if Caeneus Minerals can keep the hits coming.

Is your ASX-listed company doing something interesting? Contact: matt.birney@wanews.com.au

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