WIN – Widgie Nickel | Aussie Stock Forums

WIN had made a formal announcement of the start of it’s diamond drilling program. They anticipate results in the March quarter which can mean anytime in the next 8 weeks.

Diamond Drilling Commences Highlights • Diamond drilling commenced on 19 January 2022

• Excellent progress to date with Widgie’s maiden Reverse Circulation drilling campaign surpassing expectations in terms of quality, output and cost efficiency
• A total of 10,437m RC drilling in 69 holes have been completed so far
• First results from RC drilling completed are expected during the March quarter

Widgie Nickel Limited (ASX: WIN, “Widgie” or “the Company”) is pleased to provide the following update with respect to drilling activities at its Mt Edwards Project. Following mobilisation of contractor, Westralian Diamond Drillers, to site on 17 January 2022 diamond drilling commenced this week. This follows the completion of 10,437m of Reverse Circulation (RC) drilling over 69 holes, which Widgie is pleased to report has exceeded budget expectations in terms of productivity and is in line with budgeted costs.

An inventory of 34 pre-collared holes established through the initial RC drilling program are now set to be lengthened by diamond drilling designed to intersect nickel mineralisation. With the diamond drilling tails planned averaging between 85-320m in length, rapid progress is anticipated with multiple intercepts expected per week. Diamond drilling will be progressively ramped up to operate on a continuous 24-hour basis.

Managing Director Steve Norregaard said: “This is where the excitement begins, we’ve been eagerly anticipating the commencement of the diamond drilling, which marks a major step in enabling us to expand our mineral nickel resource at Mt Edwards and add significant value upside potential for our shareholders. We are looking forward to continuing the strong momentum we’ve generated at the early stages of our maiden drilling campaign”.

Diamond Drilling Commences

 

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