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Gold/Mining/Energy : Mining News of Note -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (6758)	9/17/2007 11:00:33 PM
From: LoneClone	Read Replies (1) \| Respond to of 193686

Sally Mally hits massive nickel zone at Lanfranchi Monday, September 17, 2007; Posted: 02:20 AM tradingmarkets.com Sydney, Sep 17, 2007 (RWE via COMTEX) -- (RWE Australian Business News) Sally Malay Mining Ltd (ASX:SMY) today announced the results from an ongoing resource delineation drill program to evaluate the down-plunge extension of the Lanfranchi Nickel deposit in the Kimberley region, WA. Of particular significance were the broad intervals of a high-grade massive nickel sulphide mineralisation in three drillholes along the western side of the projected extension of the deposit. To date, 27 holes have been completed as part of the Lanfranchi resource extension drill program with nickel sulphide mineralisation being extended 60 metres down-plunge from the lowest production level and across widths of 200 metres. The Lanfranchi Nickel deposit remains open at depth and drilling is ongoing. Grades and thicknesses encountered in the drill program are consistent with past production experience at Lanfranchi. Under the previous operator, the Lanfranchi deposit produced 1.4m tonnes of ore grading 2.32pc nickel, along a 1.4km plunge extent, with true thickness generally ranging from 1m to 3m. Mining widths across the deposit have historically ranged between 100m and 200m. Three drillholes along the western margin of the drill program have intersected broad intervals of high-grade massive nickel sulphide mineralisation. Results for the three holes are 24.1m grading 5.37pc Ni from hole LAN127, 13.8m grading 7.46pc Ni from hole LAN137 and 33m grading 11.3pc Ni from hole LAN148. An initial interpretation suggests a very low intercept angle for the three intersections with the mineralisation situated in the footwall basalt sequence, marginally below the normal ultramafic/basalt contact target horizon and with an estimated true thickness of 1m to 2m. The massive nickel sulphide zone appears open both up and down-plunge and possibly to the west. Shares in Sally Malay rose 33c to $4.28 today.