Estrella Resources Limited announced today that drilling at their Carr-Boyd site in Western Australia revealed a semi-massive battery metal deposit.
Diamond drill testing at the deposit — located just 80 kilometres from Kalgoorlie — showed copper-nickel mineralisation extended around 300 metres further than initially believed.
Most notably, the CBDD078A drill hole unveiled 1.8m of semi-massive to globular sulphides from the 929m downhole within a broader 21.2m mineralised halo.
Location of CBDD078A with respect to the T5 Mineralisation and Broonhill Discovery on the Northern basal contact. Both deposits remain open and untested at depth. The CBDD067 DHEM plate can be seen outlined in red within the T5 Deposit.
The company said downhole electromagnetic testing will help determine the site’s value and that it will advance testing at the accompanying Gossan hill and Broomhill hill sites — with diamond drill testing set to begin at Gossan hill this week.
“It will be a significant advantage as we follow the extent of the T5 deposit,” managing director Chris Daws said.
“We continue actively exploring the Carr Boyd basal contact as we know that is the most likely place to find significant accumulations of nickel and copper sulphides.”
ESR’s Australian Stock Exchange-listed share price has risen 6.25 per cent today, selling at 1.7c (12.26pm UTC+ 8 hours).