Axiom Mining Limited Stock Market Press Releases and Company Profile
Further High Grade Mineralisation at Isabel Nickel Project
Further High Grade Mineralisation at Isabel Nickel Project

Brisbane, May 25, 2015 AEST (ABN Newswire) - Axiom Mining Limited (googlechartASX:AVQ) ('Axiom' or 'the Company') is pleased to advise that assay results from geotechnical and geostatistical drilling around the Kolosori Ridge saprolite target area of the Isabel Nickel Project in Solomon Islands have confirmed the occurrence of high grade mineralisation.

Highlights:

- Drilling confirms high grade nickel mineralisation at Kolosori Ridge prospect as the geotechnical and geostatistical program is completed.

- Latest drilling results with high grade saprolite intersections include:

* 19.0m @ 1.55% Ni from 2.0m including 10.9m @ 1.99% Ni from 9.2m
* 11.8m @ 1.76% Ni from 5.0m including 7.3m @ 2.21% Ni from 8.7m
* 17.6m @ 1.52% Ni from 1.0m including 6.7m @ 2.40% Ni from 10.3m
* 18.0m @ 1.61% Ni from 1.0m including 4.4m @ 2.28% Ni from 14.0m

- Additional significant high grade limonite intersections include:

* 5.0m @ 2.09% Ni from 9.0m
* 3.5m @ 1.59% Ni from 6.5m
* 8.1m @ 1.49% Ni from 6.0m.

Table 1 in link below includes all drill holes at Kolosori Ridge and separates results from limonite and saprolite zones as a recent review of geological and geochemical data has identified significant high grade limonite intercepts.

These limonite results are an encouraging addition and were previously only reported as part of, and within, the 0.6% Ni cut-off grade.

The drilling to date at Kolosori Ridge by Axiom can be summarised as follows:

- 35 drill holes, including 21 holes that have not previously been reported and six drill holes with assaying in progress

- 662m of drill core, 582m of which is assayed

- drill intercepts above the 0.6% Ni cut-off include 317m @ 1.4% Ni

- drill intercepts above the 1.2% Ni cut-off include 144m @ 1.9% Ni that includes:

* limonite (high iron material) 47m @ 1.5% Ni
* saprolite (low iron material) 97m @ 2.1% Ni.

Axiom has begun the final phase of the orientation and twinning drilling program at the adjacent Suma Ridge prospect.

To date, 67 holes over 1,424.7m have been drilled on Santa Isabel Island on Havihua and Kolosori Ridges.

About the Isabel Nickel Project

The Isabel Nickel Project is considered to be one of the largest nickel laterite deposits in the Pacific. The project has been extensively explored by mining and engineering industry leaders, International Nickel Company Limited (INCO) and Kaiser Engineers International Inc

Axiom Mining holds a 50-year registered lease and Prospecting Licence over the Kolosori tenement, and a Prospecting Licence for the San Jorge tenement and is targeting the establishment of a DSO operation by late 2015.

To view all tables and figures, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-AVQ-859435.pdf


About Axiom Mining Limited

Axiom Mining Limited (ASX:AVQ) focuses on tapping into the resource potential within the ore-rich Pacific Rim. Through dedication to forging strong bonds and relationships with the local communities and governments where we operate, Axiom Mining has built a diversified portfolio of exploration tenements in the Asia-Pacific region. This includes a majority interest in part of the Isabel Nickel Project in the Solomon Islands and highly prospective gold, silver and copper tenements in Solomon Islands and North Queensland, Australia. Axiom Mining is listed on the ASX.

For more information on Axiom Mining, please visit www.axiom-mining.com

 

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Contact

Axiom Mining Limited
T: +61-7-3319-4100
F: +61-7-3252-7577
E: admin@axiom-mining.com
WWW: www.axiom-mining.com



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