Stonehenge starts drilling SE Sulawesi nickel project
Wednesday, February 20 2008 - 12:25 AM WIB
Australian mining firm Stonehenge Metals Limited announced on Wednesday that diamond drilling had commenced at the Mandiodo Nickel project, South East Sulawesi.
The company said two diamond rigs are on site drilling 45 twin holes designed to confim the validity of existing drilling and allow JORC code compliant resources to be calculated.
The drilling is expected to take two months.
The permit has been extensively drilled by previous owner during the 1990s and had identified nickel laterite mineralisation over an area 4.2 km long by 1 km wide with an average thickness of 13 metres.
The company has an initial exploration target for the deposit of 40-60 Mt @ 1.2 to 1.4% nickel based on the grades, widths and extents of the existing drilling results described above.
The company has right to acquire 85 percent of the Mandiodo nickel project. (alex)