Base Metals
NickelX locks in on Cosmos South nickel drill targets
Special Report: NickelX has identified several high priority drill targets at its intriguing Cosmos South nickel project within the prolific … Read More
The…

NickelX has identified several high priority drill targets at its intriguing Cosmos South nickel project within the prolific Wiluna Greenstone Belt.
A recent drone magnetic survey confirmed that very strong conductors were identified by moving loop electromagnetic (MLEM) and fixed loop electromagnetic (FLEM) work.
Those conductors are commonly associated with prominent magnetic features consistent with buried channelised komatiite volcanic rocks, which are prospective for nickel sulphide mineralisation.
In addition, NickelX’s (ASX:NKL) ongoing compilation of geophysical, geochemical and geological data has defined high priority drill targets for which it is now progressing the permitting process and engagement of drilling contractors to test.
Managing director Matt Gauci said the results from the close-spaced drone magnetic survey were exciting, as they indicated prospective magnetic characteristics for ultramafic rocks that were coincident with existing, highly-conductive MLEM and FLEM conductors.
The company has good reason to be keen to get drilling at Cosmos South, given its location just 10km south of the Cosmos Nickel operations and 20km north of BHP’s Leinster Nickel operations.
However, the project has received little attention to date due to its being almost entirely covered by alluvial deposits.
The Wiluna Greenstone Belt is also seeing a healthy dose of activity with IGO Limited’s (ASX:IGO) current bid to acquire Western Areas (ASX:WSA) and Leinster Nickel carrying out expansion operations.
Indicative drill plan at Cosmos South with four planned drill holes (two per drill pad) to test both modelled conductive plates. Pic: Supplied
Magnetic survey
The survey has delineated a clear north-northwest magnetic anomaly trend through the centre of the project that is coincident with the conductivity plates modelled from the MLEM and FLEM surveys.
This also shows a substantial thickening of the magnetic strata, and an increase in the magnetic anomaly intensity associated with the northern part of the modelled conductivity anomalies.
Such magnetic responses are typically considered to be key exploration criteria for finding the komatiite channels associated nickel sulphide systems such as at Kambalda, Leinster and Cosmos.
NickelX is currently in the process of obtaining the required access agreements, permits and contractor engagement to drill an initial four holes at the site.
The drill program will test both the near-surface and down dip extension of the conductivity and magnetic features identified.
This article was developed in collaboration with NickelX, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
The post NickelX locks in on Cosmos South nickel drill targets appeared first on Stockhead.

Resources Top 5: Fresh lithium-uranium IPO gets punters fired up, Galileo now +400pc in a week
Riversgold acquires key lithium ground in Pilbara Recharge Metals, Culpeo hit more copper paydirt at their respective discoveries; Galileo continues ……
Trading Places: Creasy wins the week – again – with extra substantial Galileo holdings
Small cap billionaire mining investor Mark Creasy has topped up his Galileo Mining substantial holdings from 24.61% to 26.35%. … Read More
The post Trading…
Fully-funded Core Assets eyeing next phase of exploration at Blue
2022.05.17
Flush from the exercise of warrants connected to a 2021 private placement, Core Assets Corp (CSE:CC, OTC.QB: CCOOF, Frankfurt: 5RJ) is in good…
-
Gold18 hours ago
Futures Jump Amid Optimism China’s Covid Lockdowns Are Ending
-
Precious Metals18 hours ago
Dolly Varden Silver Mobilizes Three Drill Rigs to Commence an Initial 30,000 Meters of Resource Expansion, Upgrade and Exploration Drilling
-
Financing News17 hours ago
ONE WORLD LITHIUM Jack Liftons Comments on the Lithium Industry and US Doe Patent
-
Financing News12 hours ago
ROSEN, RESPECTED INVESTOR COUNSEL, Encourages Pure Gold Mining Inc. Investors With Losses to Inquire About Securities Class Action Investigation – LRTNF
-
Financing News17 hours ago
EnGold Drills 655 Metres of 0.14% Copper Equivalent at Ann North, Deep Hole at Aurizon Gold at 1200 Metres and Still Underway
-
Precious Metals16 hours ago
A new frontier in energy storage from Canadian gold explorer
-
Financing News18 hours ago
Prosper Gold Reports Drill Results and Outlines Additional Targets at Golden Sidewalk Project, Red Lake, ON
-
Energy & Critical Metals14 hours ago
Five Ideas to Add Lithium Exposure to Your Portfolio