Rietfontein yields broad low-grade nickel (September 02, 2002)

Vancouver — Initial drilling by Robert Friedland-led African Minerals into the western side of the Rietfontein property in South Africa has returned widespread intervals of low-grade nickel-copper-platinum mineralization.

Anooraq Resource (ARQ-V) owns the property, which is on the northern limb of South Africa’s Bushveld intrusive complex.

The first two holes intersected the favourable Platreef horizon. Hole 1 returned 46.3 metres grading 0.18% nickel and 0.12% copper, plus 0.84 gram combined platinum-palladium-gold, at a down-hole depth of 19.8 metres. Moving 300 metres southeast, hole 2 cut 136.2 metres of 0.19% nickel, 0.15% copper and 0.63 gram platinum-palladium-gold at 19.6 metres down-hole.

To date, African Minerals has drilled 21 drill holes over the 1.4-km southeast-trending strike length of the Platreef horizon. Results from 19 of these are pending.

Last year, Hunter-Dickinson-led Anooraq dealt a small portion of its large land package in the prolific Bushveld complex to African Minerals, a private affiliate of Friedland’s Ivanhoe Capital. African Minerals can earn a half-interest in Anooraq’s 29-sq.-km Rietfontein farm property by spending $1.5 million over two years.

The Rietfontein property adjoins African Minerals’ prospective property, which is rumoured to host a major large-tonnage nickel-copper-platinum-palladium find. The company has multiple diamond drills turning in the area; they are currently testing the PGM-bearing Platreef horizon on the western side of Rietfontein.

Print

Be the first to comment on "Rietfontein yields broad low-grade nickel (September 02, 2002)"

Leave a comment

Your email address will not be published.


*


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close