7.6m @ 8.8% Ni (true width 4.3m)

   – including 2.1m massive sulphides @ 15.9% Ni (true width 1.2m)

for a total interval 23.1m @ 4.0% Ni & 0.4% Cu (true width = 13.3m)

This was the exceptional result of another successful collaborative effort between Newexco and client Poseidon Nickel Ltd in an effort to find further mineralisation beneath Black Swan where Newexco – in the form of Bill and Adrian – also succeeded almost three decades ago, with the Gosling discovery.

Two holes were drilled from underground out into the channel, each intersecting significant intervals of disseminated sulphide, confirming (both grade and scale) continuity of the Black Swan mineralisation at depth. Newexco geologists and geophysicsts advocated for Poseidon to retain one of these holes as a platform for Down-Hole Electromagnetics (DHEM).  In early 2020 the high quality survey resulted in the identification of a large off-hole EM anomaly with a response consistent with massive sulphides.  Subsequent drill testing in March 2020 intersected, as predicted, a new massive Ni sulphide lode within the Black Swan channel; “Golden Swan”.