Falcon Minerals to follow-up WMC, with drilling at Collurabbie Project

Perth-based Falcon Minerals (ASX: FCN) is readying a drill program at the 100%-owned Collurabbie Project in the Duketon greenstone belt, Western Australia for the second half of April 2010.
Interestingly, previous drilling by Western Mining Corporation at the Olympia Prospect in 2004, intersected massive nickel-copper-platinum group sulphides on four 100m-spaced traverses - with a best result of 5.77m @ 3.00% Ni, 1.96% Cu and 5.29g/t PGE from 279.43m in CLD159.
Subsequent drilling by BHP-Billiton, following their takeover of WMC, tested some deeper geophysical targets but did not define the extent of the massive Ni-Cu-PGM sulphide mineralisation at Olympia.
The last hole drilled at Collurabbie was in September 2006.
The WA Department of Industry and Resources has granted Falcon a Programme-of-Work to re-commence exploration at Olympia with a drilling programme comprising up to twenty two (22) RC/Diamond drill holes for approximately 4000m.
The drilling programme has been planned on 50m centres to test and better define the down-plunge and strike extent of the known massive nickelcopper-PGM sulphide lenses.
All historic ground electro-magnetic (EM) data has been extensively reviewed and recent 3D modelling work clearly indicates a northerly plunge to several downhole conductors that are likely to be associated with massive nickel-copper-PGM sulphide shoots.
Falcon will utilise downhole EM in the coming drill programme to test for additional mineralisation away from diamond drill holes.
Falcon is looking for further massive Ni-Cu-PGE sulphide discoveries and to test the potential of the Collurabbie belt with exploratory drill holes.
Several exploratory holes will be drilled at Olympia and at the Rhodes prospect to the south during the subsequent drilling campaigns later in the year.

http://www.proactiveinvestors.com.au/companies/news/5895/falcon-minerals-to-follow-up-wmc-with-drilling-at-collurabbie-project-5895.html