financetom
Business
financetom
/
Business
/
ZEB Nickel Advances Exploration at Its South Africa Project With High-Resolution Airborne Geophysics
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
ZEB Nickel Advances Exploration at Its South Africa Project With High-Resolution Airborne Geophysics
Apr 11, 2025 10:58 AM

01:31 PM EDT, 04/11/2025 (MT Newswires) -- ZEB Nickel ( ZBNIF ) on Friday said it completed a high-resolution airborne geophysical survey over its Zeb Nickel Project in South Africa, incorporating both gravity and magnetic data, designed to enhance the company's understanding of the underlying geological structures.

The company said the newly acquired dataset confirmed the presence of a long-lived ultramafic magmatic plumbing system connecting the Uitloop I and II bodies. The survey further highlighted several major NE-SW fault zones, interpreted to be part of a regional fault network, that likely acted as magma conduits and trap sites for sulfide mineralisation.

ZEB Nickel ( ZBNIF ) noted that the airborne data strengthened its exploration thesis that multiple zones of sulfide mineralisation - disseminated, semi-massive and potentially massive - are vertically stacked and associated with a feeder system analogous to those at Ivanhoe Mines' Platreef Project and African Rainbow Minerals' Nkomati Nickel Mine hosted in the Uitkomst Intrusion.

"This new dataset, combined with our recent drill results, sets the stage for the delineation of a higher-grade nickel-PGE resource," said exploration vice-president Richard Montjoie. "Our upcoming drilling campaign will build directly off this work, with the goal of declaring a maiden NI 43-101 compliant resource that reflects the true value of the high-grade sulfide mineralisation we're seeing across the project."

The airborne data was flown at no cost to the company.

Shares of the company were last seen up $0.005 to $0.09 on the TSX Venture Exchange.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Diversified Healthcare Trust Finalizes $159 Million Sale of Life Science Property in San Diego
Diversified Healthcare Trust Finalizes $159 Million Sale of Life Science Property in San Diego
Feb 3, 2025
10:01 AM EST, 02/03/2025 (MT Newswires) -- Diversified Healthcare Trust ( DHC ) said Monday it has completed the $159 million sale of Muse, a life science property in San Diego. The 186,000-square-foot property in Torrey Pines, consisting of three buildings, was 49% leased with an average lease term of over eight years at the time of sale, the company...
Tesla loses market share in Sweden, Norway as Musk looms large
Tesla loses market share in Sweden, Norway as Musk looms large
Feb 3, 2025
OSLO (Reuters) - Tesla lost market share in Sweden and Norway in January, car registration data showed on Monday as the U.S. electric vehicle maker faces a test of popularity following billionaire CEO Elon Musk's high-profile foray into politics. A total of 405 new Teslas were registered in Sweden last month, down 44% from January of 2024, while registrations in...
Market Chatter: Novo Nordisk Foundation Won't Step In to Replace US Aid for Health Sector
Market Chatter: Novo Nordisk Foundation Won't Step In to Replace US Aid for Health Sector
Feb 3, 2025
10:09 AM EST, 02/03/2025 (MT Newswires) -- Novo Nordisk ( NVO ) owner Novo Nordisk Foundation will not step in to support health and humanitarian organizations affected by a freeze on US international aid, and will continue to concentrate on its core non-communicable disease program, Reuters reported Monday, citing an official. The foundation will focus on funding research for treatments...
Pump prices set to rise as Trump tariffs hit Canadian, Mexican oil
Pump prices set to rise as Trump tariffs hit Canadian, Mexican oil
Feb 3, 2025
NEW YORK (Reuters) -U.S. consumers will see higher prices at the gas pump from President Donald Trump's decision on Saturday to apply tariffs on Canadian and Mexican oil, according to analysts and fuel traders. The likely hike in fuel prices reflects the double-edged nature of Trump's trade protections which are designed to bolster domestic business and pressure U.S. neighbors to...
Copyright 2023-2025 - www.financetom.com All Rights Reserved