Mining Projects Group has plans to farm-in to two nickel and gold prospective tenement packages in the Kambalda and Lake Wells regions of Western Australia, regions that host major new and existing discoveries.
The company has executed a binding Heads of Agreement to establish two separate joint ventures with Oroya Mining for the Roe Hills\Talc Lake Project and the Mt Barrett Project.
The Roe Hills\Talc Lake Project is located in the Kambalda nickel region and provides further expansion to Mining Project Group’s existing tenement position within the highly prospective Fraser Range.
The project is located about 50 kilometres northwest of Sirius Resources’ Nova nickel discovery.
Meanwhile, the Mt Barrett Project is located in the Lake Wells Region and is an underexplored greenstone belt north of AngloGold Ashanti and Independence Group's 7.9 million gold ounce Tropicana deposit.
The Roe Hills\Talc Lake Project covers a 30 kilometre belt of ultramafic rocks, 85 kilometres east of the Kambalda nickel mining centre.
Oroya holds five exploration licences covering the ultramafic sequences.
Four nickel-copper intersections from previous drilling programs at the project have returned low grade mineralisation over 150 metres, as well as high grade intercepts of 0.5 metres of 6.15% nickel and 0.38% copper from 155 metres.
Previous work includes regional geochemistry, aircore, reverse circulation and diamond drill testing, electromagnetic geophysical surveys and induced polarisation surveys.
Source:
http://www.steelguru.com/stainless_steel_news/Mining_Projects_Group_secures_key_nickel_and_gold_assets_in_WA/296365.html
