(MENAFN- ProactiveInvestors)
(ASX:NYO :NYO) has identified new exploration targets at its 70%-owned Ivrea nickel exploration project in Italy’s Piemonte Region.
Significant conductors were detected at three of the target areas surveyed.
These anomalies are located close to old nickel mines and exhibit conductivity characteristics that are consistent with massive sulphide mineralisation.
Adjacent conductivity and magnetic responses over approximately 5 kilometres in the Alpe di Laghetto survey block are in alignment with the old mine workings at Alpe di Laghetto and La Balma.
This follows a 431 line kilometre airborne geophysical survey that was conducted to identify any extensions to the nickel sulphide mineralisation mined historically.
It also seeks to identify any additional accumulations of sulphides in chosen areas of interest that may host nickel and associated base and precious metals.
A number of the historic mines exhibit no anomalous response to the electromagnetic survey as nickel mineralisation occurring as disseminated sulphides would not respond as a conductor.
Applications have been made to modify existing license areas based on the results of the survey.
The three main anomalies are in areas where the award of the relevant licence extensions are pending.
Further work is required on the ground to understand the significance of the anomalies and the reasons why some old mine workings have no conductors.
This includes drilling Alpe di Laghetto the largest target identified.
Proactive Investors Australia is the market leader in producing news articles and research reports on ASX emerging companies with distribution in Australia UK North America and Hong Kong / China.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.