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Daily Metal Prices & Market News
Saturday 11th of February 2012
Tuesday, February 26, 2008

Pioneer Nickel reports strong gold progress

Story link: Pioneer Nickel reports strong gold progress
by Brian Turner
Pioneer Nickel reports strong gold progress

Pioneer Nickel has provided a positive update for investors on progress with the Silver Swan Northwest Project and Larkinville West Projects the company is currently exploring.

Drilling at the Silver Swan Northwest Project, in which Pioneer Nickel has a 100% interest, has yielded three new gold targets. So far an overall zone of gold anomalism at least 9km long has been identified, with the gold ore located in shared granite.

Exploration of the Larkinville West Project, in which Pioneer has a 25% interest, has located a supergene gold zone derived from a higher grade, deeper, plunging ore shoot. Further drilling is planned.

Pioneer Nickel has focused on using both of these projects as part of its risk management strategy through diversification, and will no doubt be encouraged by preliminary results of progress to date with exploration.

for two gold projects where exploration is advancing and excellent results are being generated

 


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