Desert Metals (ASX:DM1) reported today that reconnaissance aircore drilling has uncovered two highly prospective new nickel prospects at the company’s 100%-owned Innouendy project in the Yilgarn craton in Western Australia.
Highlights at Cattle Yard nickel prospect were 32m @ 0.65% Ni from 16m to EOH, including 4m @ 1.76% Ni and 0.11% Co. There results were 46m @ 0.25% Ni from 16m to EOH, including 20m @ 0.35% Ni and 0.07% Co.
The company traded up 15% to 38 cents AUD.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Wallace Precious Metals The author has made every effort to ensure accuracy of information provided; however, neither Wallace Precious Metals nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Wallace Precious Metals and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.