Accelerate: Nickel-Cobalt Target Discovered at Young Henry

Accelerate Resources (ASX:AX8) has announced the completion of a fixed loop electromagnetic (FLEM) survey as well as soil sampling and geological mapping at the Young Henry prospect at its Mount Read project in western Tasmania.

As quoted in the press release:

Soil sampling on the Young Henry grid confirmed anomalous nickel, cobalt, copper and zinc soils and a gossan up plunge from a modeled FLEM conductor.

A total of 50 soil samples were collected from auger holes with depth <1m, along four 75m spaced grid lines.

Lab results show peak concentrations of 2030ppm nickel,154ppm cobalt, 172ppm copper, 45 percent iron, 1 percent chromium and 1200ppm zinc from the soil sampling. Gridded sample analysis shows coherent patterns for both mineralization and lithology.

Click here to read the full Accelerate Resources (ASX:AX8) press release.