Charger Metals are awaiting results after completing diamond drilling over its nickel-copper-platinum group Coates project in Western Australia, just 28 kilometres away from the 20 million ounce palladium equivalent Julimar – Gonneville project in Western Australia.
All four holes intercepted the Coates Mafic Intrusion, located in the same Jimperding metamorphic belt which plays host to Julimar.
The 593-meter campaign focused on the T1 target, one of the twenty identified in previous surveys, which showed high potential for Ni-Cu-PGE anomalies when subjected to follow-up soil testing.
“Drilling has tested, on a first pass basis, the compound nickel-copper-PGE and EM3 T1 Target at the Coates Mafic Intrusion and we now eagerly await assays,” managing director David Crook said.
Charger will continue drilling at the site, with only 30 per cent of the current target hit by the maiden campaign and further targets remaining undrilled.
CHR’s Australian Stock Exchange-listed price has risen 2.13 per cent today, currently selling at 48c (10.57 am UTC+ 8 hours).