Axiom Mining Limited Stock Market Press Releases and Company Profile
Isabel Nickel Project Drilling Program Accelerates
Isabel Nickel Project Drilling Program Accelerates

Brisbane, June 9, 2015 AEST (ABN Newswire) - Axiom Mining Limited (googlechartASX:AVQ) is pleased to announce that Axiom has contracted a nickel laterite specialist firm to deliver the next stage of exploration on the Isabel Nickel Project in Solomon Islands-resource definition drilling.

Axiom CEO Ryan Mount said, "Our current orientation drilling program has achieved a total of 129 holes with an aggregate of 2236m using one drill rig, and has consistently intercepted high grade nickel mineralisation at the prospect areas of Havihua and Kolosori Ridges.

"The court of appeal hearing has ended with judgment pending, which means a dramatic reduction in our legal expenses.

"We can now fully channel our resources to developing the world class Isabel nickel deposit, ensuring we meet our target of being in production by the end of this year."

This next phase of drilling aims to determine a measured and indicated resource that can support the first three to four years of a direct shipping of ore (DSO) operation.

The drilling program will commence in late June and involve two phases:

- Phase 1: 5000m (50m x 50m and 50m x 25m hole spacing)
- Phase 2: 5000m (100m x 100m and 50m x 50m hole spacing)

Other development activities are progressing at an accelerated pace on the Isabel Nickel Project, including camp refurbishment works, recruitment and training of a local workforce, and preparations to commence initial exploration on the San Jorge tenement.

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.

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

 

https://www.facebook.com/Axiom.SolomonIslands https://www.linkedin.com/company/axiom-mining/ abnnewswire.com 


Contact

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



ABN Newswire
ABN Newswire This Page Viewed:  (Last 7 Days: 4) (Last 30 Days: 18) (Since Published: 6865)