barra resources ltd
projects

 

 

 

 

 

 
riverina project - nickel (barra 30% nickel rights)...
 

The Riverina Project is located 125 kilometres north of Coolgardie on granted tenements that cover an area of approximately 120 square kilometres. Joint Venture partner and manager RRPL earned 70% equity in the project in June 2006 and in August 2007 the joint venture sold the project tenements and gold rights to Monarch Gold Mining Company Limited (“Monarch”). RRPL (70%) and Barra (30%) retain the nickel rights to the Riverina Project and Monarch must maintain the tenements in good standing. Between 2005 and 2008 the Joint Venture actively explored the Martins Zone ultramafic unit for economic concentrations of nickel laterite and nickel sulphide mineralisation.

Drilling has defined a JORC compliant nickel laterite resource in the northern area of the Martins Zone containing 2,340,700 tonnes grading 1.01% nickel and 0.06% cobalt for 23,639 tonnes of nickel and 1,440 tonnes of cobalt (0.7% nickel lower cut), or 924,600 tonnes grading 1.3% nickel and 0.09% cobalt for 12,100 tonnes of nickel and 800 tonnes of cobalt (1.0% nickel lower cut).

Exploration has also demonstrated that the Martins Zone ultramafic unit is prospective for nickel sulphide mineralisation, with drilling in the southern area of the Martins Zone returning narrow widths of high-grade remobilized massive nickel sulphide adjacent to an undeformed ultramafic footwall contact, including 2.00 metres grading 2.80% nickel from 152 metres and 0.40 metres grading 10.90% nickel from 251 metres. During 2009 RRPL commenced a comprehensive review of all historic nickel exploration data to identify additional quality exploration targets for testing.