Pioneer Resources Limited (ASX: PIO) announced that it has intersected significant nickel sulphide mineralisation in recently completed drilling at its 100%-owned Golden Ridge Project in the Eastern Goldfields of Western Australia.
The Company advises that drilling at the Leo’s Dam Prospect within the Golden Ridge project area has returned a highly significant nickel sulphide intersection of 22m at 1.02% Ni and 475ppm Cu from 202m.
Results of the Company’s cobalt-focused drilling at the Project were released to the ASX on 24 January 2018.
The results of this phase of drilling validate and strengthen Pioneer’s geological model for the Golden Ridge Project, and it will now make plans for the next phase of field work at the Project as a priority.
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