EXPLORATION & DEVELOPMENT

Ardea shares spike on Emu Lake massive sulphide discovery

WHILE Ardea Resources’ main game is the development of nickel laterites at Kalgoorlie in Western Australia, the company has been quietly been exploring for sulphides at Emu Lake, and today its third hole has confirmed a nickel discovery.

Core from 391m showing the footwall contact, with thermal erosion to the left and massive nickel sulphide to the right.

Core from 391m showing the footwall contact, with thermal erosion to the left and massive nickel sulphide to the right.

The hole, drilled late last year, has assayed 2.7m at 5.42% and 0.85% copper from 391m, including 1.23m at 8.22% nickel and 0.56% copper in an intact felsic footwall contact.   Ardea says the core...

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