https://www.engineeringnews.co.za
Building|Exploration|PROJECT|Proximity|Drilling|Operations
Building|Exploration|PROJECT|Proximity|Drilling|Operations
building|exploration|project|proximity|drilling|operations

Silver Swan's reserves double

11th February 2020

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – The share price of junior Poseidon Nickel increased by more than 9% on Tuesday, after the company reported a doubling of the nickel reserve at its Silver Swan operation, in Western Australia.

The Silver Swan project is now estimated to host 130 000 t of contained nickel metal, at 5.2% nickel for 6 800 t of nickel, a 106% increase on the previous estimate.

“This healthy Silver Swan reserve upgrade is an important and significant benefit from the ongoing derisking and restart studies on and around Black Swan operations north of Kalgoorlie,” said Poseidon interim CEO David Riekie.

“The electromagnetic anomaly identified below the Black Swan openpit and previously mined Gosling deposits, offers some very exciting potential and is a focal point for a priority drilling programme.

“Collectively, these outcomes are important additions that are building on the certainties created from previous successful drilling, to allow reserve status and upgrade, as well as highlighting potential within previously untested zones.

“The proximity and location of the anomaly is an exiting prospect,” Riekie said, adding that the additional and ongoing successful exploration also extended to the Windarra tenements.

Poseidon shares were trading at a high of 3.7c a share on Tuesday, up from a low of 3.4c each.

Edited by Creamer Media Reporter

Comments

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
GreaseMax
GreaseMax

GreaseMax is a chemically operated automatic lubricator.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.071 0.124s - 162pq - 2rq
Subscribe Now