Gryphon Minerals’ 100% owned Collurabbie Project covers 270km2 and hosts both the Northern and the Southern extensions of the sequence of ultramafic and mafic rock types that host the mineralisation at the Falcon Minerals/BHP Collurabbie Joint Venture Nickel Discovery. WMC Resources previously announced that drill results from their Collurabbie JV Project indicated the potential for a new nickel sulphide province.
Gryphon’s tenure is located approximately 30km along strike to the North West and 30km along strike to the South of the Collurabbie Joint Venture Nickel Discovery.
Reconnaissance Rotary Air Blast (RAB) drilling by Gryphon Minerals in December 2005 within its southern tenure confirmed the presence of rock types favorable to nickel, copper, gold and PGE mineralization.
Anomalous nickel was intersected in a limonitic chlorite schist at the bottom of hole CBR21 (2m @ 0.64% Ni). A petrographic study of this interval has identified goethite aggregates that may represent weathered sulphide minerals. Further geochemical results from the drilling have also indicated elevated levels of platinum and palladium (up to 4m @ 139ppb Pt in hole CBR14 up to 4m @ 37ppb Pd in hole CBR13).
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Collurabbie Project (