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Poseidon Nickel Ltd s maiden nickel-cobalt tailings estimate to enhance Black Swan project
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ASX recovers some ground, but still down on morning trading
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Poseidon Nickel Ltd to raise $22 million in oversubscribed placement for Black Swan Project development
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Poseidon Nickel Ltd has capital raising announcement pending
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2021-07-28 by Proactive Australia
Poseidon Nickel Ltd (ASX:POS, OTC:PSDNF, FRA:NYG1) has delivered another round of positive drilling results within the Golden Swan trend at the highly promising Black Swan Project in Western Australia.
Further nickel sulphide intersections within the Golden Swan trend achieved include:
A 4.2-metre nickel sulphide interval comprising 0.8 metres of massive sulphides and 3.4 metres of matrix and stringer sulphides
A 5.1-metre sulphide interval comprising 3 metres of massive and matrix sulphides followed by 2.1 metres of stringer and coarse blebby sulphides
The latest Golden Swan assay results received include:
1.65 metres at 2.27% nickel and 0.45% copper; and
2.75 metres at 1.18% nickel, 4.75 metres at 1.18% and 8 metres at 1.35%.