Sherritt analyzing cores from drilling program
Thursday, August 1 2013 - 05:27 AM WIB
By Puspita Maylana Devi
World?s leading lateritic ore nickel miner and refiner giant Sherritt International Corp said on Wednesday that it is analyzing results of a drilling program to refine definition of nickel deposit at its Sulawesi Project.
"Cores from the drilling program are currently being analyzed," the company said in the statement.
To June 30, 2013, a total of US$27.6 million in qualifying expenditures had been completed.
This represents 25% of the funding Sherritt is required to complete to obtain a 46% economic interest in the Project.
Editing by Adianto P. Simamora