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Savannah North massive Nickel-Copper-Cobalt

February 2014

Panoramic Resources began an exploration programme north of Savannah Deeps in late February, targeting structurally offset repeats of their Ni-Cu-Co sulphide mineralisation.

Discovery hole KUD1525 intersected 89.3 m @ 1.6 % Ni from 704.9 m down-hole.

Newexco has been working with Panoramic to employ the sequence of exploration holes at Savannah North as platforms for Down-Hole Electromagnetics. The first data were interpreted and released to market on the 3rd of March, revealing a significant off-hole conductor with extents of greater than 500 x 300 m. The results have the potential to add considerably to the mine-life of the Savannah Nickel Mine, a pleasing outcome for Panoramic and  Newexco who’s partnership in exploration has continued successfully for more than 10 years.

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