The Company completed a reconnaissance program of aircore drilling at its Fairwater Nickel Project in April 2015, comprising 99 aircore holes for 3,616m. All laboratory sample results have now been received.
The Company’s geochemist used a suite of 5 elements to distinguish prospective rock-types using pXRF data. This was followed by an interpretation of Ni-Cu-Cr-Mg data to produce a series of nickel targets located generally along the eastern margin of the ultramafic rock suite. To date, the Company has seen no evidence of black shales.
Geochemical modelling has indicated locations with characteristics of dynamic magma flow within the ultramafic rock suite, and potentially the hottest portion of the ultramafic nickel-bearing intrusive system. These are considered to be vectors to the environment where nickel sulphides may be deposited.
FAIR WA TER Nickel Project secures $129,000 EIS Funding
The Company is pleased to announce that it has received notification that it was successful with an application for funding under the Royalties for Regions Co-funded Government- Industry Drilling Program, for 2015- 2016, referred to as the Exploration Incentive Scheme.
Pioneer was advised by the Department of Mines and Petroleum that it is eligible for up to $129,000 in EIS cofunding to complete follow-up drilling at the Fairwater FWNiOO3 Prospect.
Under the EIS, funds committed by Pioneer towards the approved drill program will be matched by funds from the State Government’s program – halving the drilling component cost to Pioneer.
Pioneer thanks the WA Government for its support and considers the grant of EIS funds to be indicative of the quality of Pioneers project and proposed technical program – notably given that the procurement of ElS funds is subject to a competitive process and to independent peer-review assessment.
