Poseidon Nickel Limited’s Post

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#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

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