Dwyka Resources Limited (DWY)

Muremera Nickel Project intersects Nickel in Second Phase Drilling

Highlights
• Drilling complete on the first 6 holes of the Phase Two programme
• Two massive sulphide intersections of 4.27 metres and 6.99 metres made in one borehole returning an average composite nickel equivalent grade of approximately 1 per cent Ni.
• Downhole EM surveys of recently drilled holes to commence within the next month

The directors of Dwyka are pleased to announce that excellent progress has been made with the Phase Two exploration programme at the Muremera Nickel Project in Burundi.

Dwyka’s partner, BHP Billiton, has confirmed that the Phase One programme identified 24 priority targets warranting further drilling and downhole EM geophysical surveys. To date a total of 6 holes have been drilled resulting in one target, producing two intersections of massive sulphide of 4.27m and 6.99m at depths between 132.61m to 136.88m and 144.8m to 151.79m, respectively, returning an average weighted composite grade of approximately 1 per cent Nickel equivalent. 

Melissa Sturgess, Chief Executive Officer of Dwyka, said:
“Achieving two substantial intersections of massive sulphide mineralisation at this early stage of the new drilling programme is extremely encouraging and we look forward to reviewing the results from the remaining 18 holes in the current programme.
The additional information likely to result from the downhole EM surveys will be particularly helpful and has the scope to identify potential conductors located in a wider area around the individual boreholes.  It is the intention that the surveys pick up any additional targets that may exist and provide the basis for future drilling to define any potential resource”.