Poseidon Nickel Limited

Initial results have been returned from a small soil program completed to the North-East of Poseidon Nickel Limited's Billy Ray anomaly within the Lake Johnston Project in WA. The results have confirmed an extension of Billy Ray anomalism by 200m into the Mantis tenement E63/2244. The most prominent part of the anomaly appears open to the North-East and remains untested with drilling. Discover more: https://loom.ly/SrPod98 #ASX #POS #gold #copper

Results from 17 rock chip samples recently collected from Poseidon Nickel Limited's Black Swan Project in WA, have confirmed #gold mineralisation in bedrock units located close to some of the recently announced gold nugget discoveries. The best rock chip returned 1.25g/t Au from a gossanous quartz vein hosted within felsic volcanic. The rock chip assay results confirm gold occurs both in the mineralised quartz veins and the surrounding host rock. These mineralised trends correspond with the interpreted secondary structural corridors emanating NNE off the larger north striking Mt Monger Fault to the east. Further rock chip samples have been collected with results expected late this quarter. Discover more: https://loom.ly/SrPod98

The trend of the gold anomalies at Poseidon Nickel Limited’s Windarra Project matches the regional geological control of structural fluid flow and the mineralising trend around a large granitoid intrusive. This relationship produces a favourable setting for #gold mineralisation as granitoid intrusives are significant to control the gold mineralisation by directing and focusing mineralising fluids along the intrusive margins. The Project is located on the western side of the large granitoid, with the Beasley Creek group of mines (total endowment of 1.2Moz Au) on the southern margin and the Lancefield group of mines (total endowment of over 4Moz Au) on the eastern margin. Learn more: https://loom.ly/zjpR3dY #POS #PoseidonNickel #Exploration #ASX

via Proactive Poseidon Nickel Limited has placed more than 468 million shares to raise $1.4 million before costs in a non-renounceable entitlement offer to fund #gold #exploration at the Black Swan, Lake Johnston and Windarra projects in Western Australia. The offer included one fully paid ordinary share for every three shares held at an issue price of $0.003, plus one free attaching option for every three new shares applied for. The company’s board and CEO thanked shareholders for their ongoing support which will “drive the advancement of several highly prospective gold exploration targets at Black Swan, Lake Johnston and Windarra.” Read more: https://loom.ly/EDMDhS0 #POS #ASX

#ASXNews COMPLETION OF ENTITLEMENT OFFER Poseidon Nickel Limited announced a pro-rata non renounceable entitlement offer on 1 August 2024. The offer was of one new fully paid ordinary share for every three shares held by eligible shareholders at an issue price of $0.003 per New Share, plus one free-attaching option to acquire a share for every three New Shares applied for. Entitlement Offer closed on 27 August 2024. The Entitlement Offer has raised a total of approximately $1.4 million before costs, including New Shares applied for under the Shortfall Offer, representing a total take-up rate of approximately 38%. The Company received valid applications under the Entitlement Offer for approximately 468,440,716 New Shares. See the full announcement: https://bit.ly/3zfhNxI #PoseidonNickel #MiningNews #ASX

Poseidon Nickel Limited has recently completed a wide spaced soil sampling program over the entire Black Swan tenement package on 800m and 400m space lines with sampling intervals of between 80m and 160m. The program has a tighter sampling spacing in the area where the #gold nuggets and best rock chip results are located. Over the remainder of the tenement package the spacing has been widened to identify additional areas of potential gold mineralisation along the interpreted structural trends. #POS collected 362 soil samples and expects results to be released early next quarter. Learn more: https://loom.ly/SrPod98 #ASX

via Australian Mining Poseidon Nickel Limited has confirmed there is more #gold to be found at its Black Swan and Lake Johnston projects in Western Australia. The news follows the company’s announcement that recent #exploration activities enhanced the gold prospectivity for both projects. Read more: https://loom.ly/ibrlBpc #POS #ASX

via Stockhead A pivot by Poseidon Nickel Limited is showcasing #gold potential at its Black Swan and Lake Johnston projects. Some 17 rock chip samples recently collected from Black Swan have confirmed gold mineralisation in bedrock units located close to some of the recently announced gold nugget discoveries, with a best rock chip returning 1.25g/t. Widespread soils were shown to contain anomalous gold hits at Lake Johnston and #POS says the next steps will be to test core samples and kick off first-pass #drilling. Read more: https://loom.ly/qccZ8x4 #PoseidonNickel #ASX

via Proactive The #gold exploration activities of Poseidon Nickel Limited at the Black Swan and Lake Johnston projects in Western Australia are bearing fruit. Recent efforts have validated the presence of gold-bearing bedrock at Black Swan and extended a #copper-gold anomaly at Lake Johnston. Read more: https://loom.ly/QP9AWZI #PoseidonNickel #ASX

#ASXNews Further Validation Of Gold Potential At Black Swan And Lake Johnston Poseidon Nickel Limited is pleased to provide an update on #gold exploration programs at Black Swan and Lake Johnston. • Gold bearing bedrock confirmed at Black Swan. - Multiple anomalous gold rock chip samples (grading up to 1.25g/t Au) returned from highly weathered quartz bearing shears exposed at surface. - Soil sampling program completed as well as additional rock chip samples collected across the tenement portfolio. - Assay results expected early next quarter with any defined anomalies to be followed up with high priority drilling programs. - Geological setting shown to be very similar to nearby gold mines including Kanowna Belle and Gordon Sirdar. • Lake Johnston copper-gold anomaly extended. - Initial soil results have successfully extended the Billy Ray Cu-Au soil anomaly into the largely untested Mantis tenement and the anomaly remains open to the North-East. - High priority soil sampling program to continue with completion expected this quarter. - Billy Ray Cu-Au soil anomaly and likely link to the mineralised Cu-Au drill intersection nearby supports the prospectivity of a larger Cu-Au system. - Planning for Flora and Heritage Surveys for drill testing at Billy Ray has commenced. #POS CEO, Brendan Shalders commented: “The Company is pleased with the recent series of exploration results as they continue to enhance the prospectivity for gold at both Black Swan and Lake Johnston. The low-cost exploration programs that are underway are important to defining drill targets to efficiently test the gold potential in these areas.” View full announcement https://loom.ly/XV9cK5o #POS #ASX #gold #goldnews #australianmining #juniorexplorer