The drilling program was undertaken on five of the ten high priority geophysical targets that were initially identified across the Company's tenement package (refer ASX announcement dated
The wide spaced reconnaissance vertical air-core drill program is comprised of 121 holes totalling 15,192 metres. The thickness of the cover sequence varied from 48 to 152 metres and averaged approximately 100 metres. The Company noted that all holes over Targets 1 to 5 reached basement and that numerous holes encountered mafic/ultramafic rocks at the bottom of hole.
The Company is currently awaiting the receipt of all assays from the drill program in order to complete a geochemical review over the multi-element data received. In addition, the Company is in the process of undertaking petrographic analysis of selected samples. It is anticipated that results and interpretation of the geochemical review and overall drill program will be available in early to
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FUTURE WORK PROGRAMS
The Company's focus is now on interpreting the results from the air-core drill program. Once all assays are received (including the petrographic analyses of selected samples), a review will be conducted to decide on next steps for further exploration if warranted on the geophysical targets drilled to date. If the petrographic and geochemical analyses confirm one or more prospective intrusions, more detailed geophysical and drill programs are likely to be undertaken, to determine if economic concentrations of nickel sulphides are present.
ABOUT THE FRASER RANGE TENEMENTS
The Company manages the
FORWARD LOOKING STATEMENTS
Statements regarding plans with respect to Constellation's project are forward-looking statements. There can be no assurance that the Company's plans for development of its projects will proceed as currently expected. These forwardlooking statements are based on the Company's expectations and beliefs concerning future events. Forward looking statements are necessarily subject to risks, uncertainties and other factors, many of which are outside the control of the Company, which could cause actual results to differ materially from such statements. The Company makes no undertaking to subsequently update or revise the forward-looking statements made in this announcement, to reflect the circumstances or events after the date of that announcement. This ASX Announcement has been approved and authorised for release by the Company's Managing Director,
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