ASX-listed Si6 Metals is one step closer to exploration at its Maibele joint venture project in Botswana after receiving official consent from the liquidators for partner BCL.
Si6 says it can now finalise exploration discussions with the relevant governing bodies including the mining and environmental departments that were awaiting liquidator approvals.
BCL owns a 40 per cent share in the joint venture project, with Si6 making up the remaining 60 per cent.
Si6 says BCL has been in liquidation for several years and the company needed approvals from BCL via its liquidator for the proposed drilling programs.
In Botswana, Si6 is exploring for base and precious metals within the Limpopo mobile belt – a district known for hosting major nickel and copper producing operations.
The company’s portfolio contains an advanced resource at the Maibele North prospect of 2.36 million tonnes at 0.72 per cent nickel and 0.21 per cent copper in addition to high-grade copper-silver discoveries at Airstrip and Dibete.
Si6 says its JV Maibele project contains nickel sulphide mineralisation related to ultramafic intrusions similar in style to nickel discoveries such as IGO’s Nova-Bollinger, Chalice Mining’s Julimar and the Thompson Belt in Canada.
Whilst waiting for approvals from BCL’s liquidators, Si6 has been focusing on its fully owned ground in Botswana where field teams have now completed soil and rock sampling, trenching and mapping.
The fieldwork focused on its Maibele East, Mashambe and Gobjango prospects, targeting base and precious metals.
Si6 is currently collating information received from the program and will report on results and findings soon.
Closer to home, the company recently completed an air-core drilling program at its Monument gold project west of Laverton in Western Australia that came after the success of the initial phase of drilling undertaken late last year.
The Monument Gold Project spans a project area of 310 square kilometres in the Laverton Tectonic Zone and according to the company hosts about 30km of relatively untested gold-hosted banded iron formation.
The banded iron formation is interpreted by Si6 to be the same unit that hosts Dacian’s two-million-ounce Mount Morgan gold project.
Si6 says all samples from the latest air-core program have been submitted with results expected to be provided within the next fortnight.
Its drill campaign comprised 140 holes over about 5000m plunged into five target areas, including the high priority Korong and Aermotor targets.
Previous work at Korong yielded a 4m hit going 1.38 grams per tonne gold and 4m at 0.19g/t gold whereas Aermotor produced a 4m strike going 0.44g/t.
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