Ardea Resources: Confirms DHEM conductor at Emu Lake
Ardea Resources (ARL) has uncovered a strong offhole conductor 20 metres north of a recently drilled hole at the Emu Lake prospect in Western Australia
In December, Ardea drilled a single hole to target a downhole electromagnetic (DHEM) anomaly and also intersected a stringer zone of nickel sulphides
The off-hole conductor is 100 metres long and 50 metres wide with estimated conductance of 8000 siemens
Ardea plans to drill a 450-metre deep diamond hole to test the modelled DHEM plate
Additionally, it began an induced polarisation survey at the Highway Project to map potential zones of disseminated nickel sulphides
Company shares are down 0.88 per cent and are trading at 56 cents
