The intercept consists of massive sulphide in an ultramafic – basalt contact position and is co – incidental with a significant downhole electromagnetic ( DH EM ) geophysical response identified from recently completed drill hole LSU – 492, drilled down dip of LSU – 493.
This intercept comes from the third underground diamond drill hole out of a proposed nine hole exploration program to identify the Long – Moran komatiite channel south and down plunge of the Moran orebody, east of the Moran East fault. Further step out drilling to the south is planned to test down plunge of the current intercept in the coming months.
Independence Group NL Managing Director , Peter Bradford , said " Although one drill hole does not make a discovery , t his is an important step in identifying the potential southern extensions of the Moran orebody. We are particularly pleased at the high tenor of mineralisation, which is similar to Moran, and look forward to further drill testing of this target pos i tion by the Long exploration team in the coming months."
