JOHANNESBURG (miningweekly.com) – Tanzania-focused Kibo Mining will implement a more focused drilling programme at its Haneti nickel project, following the completion of an independent airbrone geophysical data interpretation.
“This work enabled the prospectivity of the Haneti project for nickel sulphide mineralisation to be enhanced significantly, at minimum cost, and provides a more detailed picture of the subsurface extent and geological structure,” CEO Louis Coetzee said.
The dual-listed miner added that the final report confirmed the location, strike extent and internal structure of two newly interpreted composite mafic-ultramafic zones, significantly extending the previously known “footprint” of the Haneti-Itiso Ultramafic Complex (HIUC), with strike lengths of about 30 km in the southwest zone and 10 km to 20 km in the northwest zone.
Modelling of the high magnetic anomaly over the Mihanza drill prospect also showed that the magnetic susceptibility increased with depth and the prospective rocks extended to 800 m, indicating the potential for a significant volume of nickel prospective target rock at this location alone.
“The results emerging from our desktop studies, which started late last year, aimed to extract optimum benefit from our existing exploration database and the Tanzanian government geophysical data, which recently became available.
“The interpretation and modelling has produced exciting results, showing the HIUC rocks occur over a far greater strike length than previously thought,” Coetzee noted.