While preparing to begin drilling on its advanced joint venture prospects, Si6 also conducted a review of its extremely massive, wholly-owned warrant to identify additional drill targets.
The company is currently advancing its drilling plans – including obtaining joint venture and Department of Mines approvals – for its joint venture claims which contain an advanced nickel-copper-cobalt-PGE resource at Maibele North and has drilled high-grade copper-gold discoveries at Airstrip and Dibete
This comes at a good time given record nickel and copper prices amid the tightest commodity markets since the commodity supercycle of the 2000s.
However, Si6 Metals (ASX:SI6) notes that these prospects only cover 143 km², or less than 10% of its nearly 2,000 km² building complex in Botswana.
As such, the Company’s geological review to generate additional targets where there are numerous early stage high quality base and precious metal exploration targets will go a long way in maximizing the potential of its land holdings.
This portfolio is also prospective for pegmatite-hosted mineralizations such as lithium, tin and tantalum as well as rare earth element mineralizations, which are also in high demand as the transition to decarbonization continues.
“The last time I saw such high nickel prices was when I was working for nickel miner LionOre Mining during the bidding war between Norilsk and Xstrata,” the chairman said. executive Patrick Holywell.
“We are excited to further explore the potential of the wider property complex in Botswana as we await approvals for the start of drilling on the JV licenses.
“With such a large 100% owned area covering approximately 1,800 km2, we are confident that we will identify additional base metals (nickel, copper), precious metals (silver, gold) and pegmatite targets in our exciting portfolio. .”
He added that Maibele North, Airstrip and Dibete have already proven that high quality base and precious metal targets exist on the company’s Botswana portfolio and that the company is keen to add to its target inventory.
The company has already identified a number of early stage priority targets such as Maibele East, Mashambe, Majante, Crescent, Gobajango, Letlhakane South and Sampa.
Most of these regional targets have been the subject of early historical exploration, including soil sampling, mapping and some geophysical surveys with limited drilling in some areas.
All of this data will be reviewed and any gaps in coverage or required verification work will be undertaken.
Initial work will include mapping, sampling and ground geophysics to generate drill targets.
This article was developed in conjunction with Si6 Metals, a Stockhead advertiser at the time of publication.
This article does not constitute advice on financial products. You should consider obtaining independent advice before making any financial decisions.