Axiom Mining has received further encouraging results from drilling at the Isabel Nickel Project that indicate the continuity of high grade mineralization along the spine of Havihua Ridge for approximately 700 metres. The infill drill holes will provide information for the calculation and evaluation of a maiden JORC resource.
To date, Axiom has completed 29 core holes at Havihua Ridge on a 100 x 100 metres grid, with infill holes at 25 metres and 50 metres designed to generate data for geostatistical analysis.
Latest results include 15.0 metres from surface @ 1/76% nickel, including 11.4 metres from 3.6 metres @ 1.87%; 15.8 metres from 1.2 metres @ 1.41%, including 7.0 metres from 8.5 metres @ 2.03%; 10.5 metres from 2.15 metres @ 1.53%, including 5.5 metres from 7.5 metres @ 2.04%; and 11.34 metres from 3.2 metres @ 1.41%, including 3.0 metres from 9.5 metres @ 2.29%.
A number of Axiom holes have twinned earlier INCO drill holes and pits with the aim of testing the suitability of earlier drilling for prospect targeting and inclusion in the resource evaluation.
Axiom’s CEO Ryan Mount said: “These latest results improve confidence in our geological model and indicate the significant potential of this deposit. Not only is the thickness and grade of the mineralized zone better than previously thought, the strike length remains open to the south, north and west.”
Encouraging drilling results demonstrating high grade saprolite mineralization will allow Axiom to focus on assessing the geological and minable parameters of the mineralization at Havihua Ridge required for JORC resource evaluation.
Axiom is currently repairing roads constructed by previous explorers INCO into the Suma Ridge prospect. Drilling at Suma Ridge is expected to take six weeks and will be completed on a 100 x 100 metre grid, which will finalize the orientation and twinning drilling program on Santa Isabel Island.
Further drilling programs designed to facilitate mining operations will commence in June.
The Isabel Nickel Project is considered to be one of the largest nickel laterite deposits in the Pacific. The project has been extensively explored by mining and engineering industry leaders, International Nickel Company Limited (INCO) and Kaiser Engineers International.
Axiom holds a 50-year registered lease and prospecting licence over the Kolosori tenement, and a prospecting licence for the San Jorge tenement and is targeting establishment of a DSO operation by late 2015.