Si6 has identified a new anomaly on the copper-silver Dibete prospect on its Maibele project in Botswana which has high potential for mineralization at depth.
A Pole-Dipole induced polarization survey has just been completed following a recent Gradient Array induced polarization survey. The surveys revealed a significant IP high chargeability anomaly corresponding to a low IP resistivity anomaly that extends over a length of 2.5 km.
It is important to note that the IP gradient data correspond well to the mineralization intercepted by drilling to date, which Metals Si6 (ASX: SI6) said warrants additional work along the direction and in depth.
“The Dibete IP surveys illustrated strong target zones along the direction of known mineralization and confirmed a 2.5 km anomaly,” said Executive Chairman Patrick Holywell.
“The interpretation of the surveys on the airstrip and Maibele prospects is also nearing completion and the results will be communicated shortly.
“Planning for reverse circulation and diamond drilling will then take place. “
Previous drilling at Dibete in 2010 returned a 38 m intersection grading 1.72% copper and 119 g / t silver at a depth of 16 m as well as other thick high grade intersections. One of the runway discovery holes returned 8 m at 10.39% copper and 630 g / t silver at 52 m.
The Maibele project has a current resource of 2.38 Mt at 0.72% nickel, 0.21% copper and 0.63 grams per tonne of 4PGE + gold.
However, this is based on only 800m of direction which remains open at depth and along the direction, which means that there is great potential for further growth.
To highlight this potential, the company’s drilling has already extended the entire direction of the Maibele North nickel sulphide body to approximately 1.4 km.
The Maibele North nickel sulphide mineralization is related to ultramafic intrusions in moving belt rocks and is broadly similar in style to other moving belt nickel discoveries linked to ultramafic intrusions such as Nova-Bollinger’s IGO (ASX: IGO), Julimar de Chalice Mining (ASX: CHN) and the Thompson belt of global significance in Canada.
This article was developed in collaboration with Si6 Metals, a Stockhead advertiser at the time of publication.
This article is not advice on financial products. You should consider getting independent advice before making any financial decisions.