NickelSearch Limited announce the outstanding DHEM survey results received at its Sexton target in the Carlingup Project, following the successful completion of its regional Reverse Circulation (RC) drilling program. When the maiden RC holes delivered intersections with massive to matrix sulphides, the Company conducted DHEM surveys. The results indicate the potential for significant extensions to nickel sulphide mineralisation and will be used to guide the follow-up drill program. Following the recent successful drilling at Sexton, NickelSearch engaged Gem Geophysics to complete DHEM surveys on holes 23NRC011 and 23NRC012 because of the logged sulphides they contain. Modelling was completed by Newexco in Perth. The DHEM survey results from both holes support an upper and lower plate, with the higher conductance of up to 50,000 Siemens in the lower plate to the east of hole 23NRC012. Importantly, these plates extend 80m down-dip to the south and at least 150m down plunge to the southeast. Drill hole 23NRC012 has also been checked with a ThermoScientific NiteOn XL5 pXRF handheld device (pXRF). Readings from this pXRF suggest
the sulphides are nickel bearing. NickelSearch cautions that pXRF results should never be considered a proxy or substitute for laboratory analysis that is required to determine grades and widths reported from visual or pXRF logging. Laboratory assay results from the recent drilling are eagerly anticipated. The plunge orientation is very similar to that seen in the RAV8 deposit, located 3.5km to the east, and has
been interpreted as indicating the Sexton plates are following regional trends rather than just apparent dip. DHEM plates are coincidental with historic drill section of 2m at 1.2% Ni and 0.17% Cu from 98m, and recent sulphide intersections. This gives the Company confidence in testing the extensional targets with planned follow up drilling scheduled for Second Quarter CY2023, and more broadly for the 30+ greenfield targets currently identified across Carlingup.