PIONEER RESOURCES LIMITED

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Type: Public
Classification: Monitor

Stock Quote: ASX:PIO

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21 ORD STREET
WEST PERTH
Western Australia
Australia, 6005
Phone: +61 8 9322 6974
Fax: +61 8 9486 9393

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Company Summary

Pioneer Nickel Limited is a specialist nickel exploration company, which listed in December 2003 and is seeking to develop Nickel Sulphide deposits in the region of the Pioneer, Widgiemooltha and Depot Domes south of Kambalda, and the Acra-Silver Swan region north-east of Kalgoorlie, Western Australia.

Company News

Thursday, November 19, 2009

Property: SILVER SWAN NW (LIGNUM DAM)

Pioneer Resources announced that a six hole diamond core drilling program was completed at the company’s 100% owned Lignum Dam Gold Project, Western Australia. A total of 465.9 m of core was drilled primarily to provide structural geological data. Highlights include; drill hole LDDD028 which interesected 6.79 m at 8.06 g/t from 80.2 m. The program extended the known mineralisation down dip, to at least 150 m, of previously announced results. A 3,000 m reverse circulation drill program is scheduled to start soon testing strike extensions to the mineralisation.

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