Overview of Poseidon Nickel's gold exploration progress

Poseidon Nickel Limited (ASX: $POS) has provided an update on its gold exploration programs at Windarra, Lake Johnston, and Black Swan. The company's recent findings include gold rock chip samples at Windarra returning up to 0.37 g/t Au and 12.9 g/t Ag, a large gold anomaly at Lake Johnston, and the identification of a potential 6.5km gold corridor at Black Swan.

Executive commentary on gold exploration progress

CEO Brendan Shalders stated, 'Continuing with our strategy to assess the greenfields potential for multiple commodities (Ni-Li-Au) across our project portfolio, we have identified exciting prospective gold targets at all three of Poseidon's projects. Given our significant infrastructure assets are strategically located within well-established mining regions any exploration success is highly leveraged for production, either at one of our sites or at proximal processing facilities.'

Summary of gold exploration update and future plans

Poseidon Nickel's gold exploration programs have revealed promising results, with significant gold potential identified at Windarra, Lake Johnston, and Black Swan projects. The company plans to undertake comprehensive soil sampling programs at each project to complement the progress of multiple greenfields targets across various commodities. The proposed programs mark a significant step in the company's exploration efforts, aiming to systematically record a full suite of assays. Looking ahead, Poseidon Nickel intends to assess the results from the soil sampling program and proceed with planning aircore and/or reverse circulation drilling programs to test the identified exploration targets. Additionally, the company will commence planning for heritage and regulatory approvals to expedite future exploration drilling programs.