(via TheNewswire)
Drilling has successfully expanded the area of the upper massive sulfide sheet first identified by Eastfield in 2005 when 17.0 meters of massive sulfide assaying 0.34% Cu, 0.03% Co and 362 ppm Ni was drilled. Modeling of the 2022 and historical drill holes confirmed that a drill intersection from 2006 is in a second sulphide sheet, and intersected a separate area of mineralization some distance away. While the massive intersections are so far dominated by pyrrhotite and magnetite, values in nickel are increasing with the anomalous nickel values occurring in hole IL22-07 located approximately 3 kilometers north of the original 2005 discovery. Analytical and petrographic work is underway to ascertain if the nickel in IL22-07 is bound in silicates, which are refractory, or in sulfides. A very large and strongly conductive zone (detected in the 2021 airborne MMT survey) underlies this hole at depth and could suggest that mineralization encountered is leakage from a deeper massive sulfide source.
Highlights Released Today Include:
Hole (from-to m) | Intercept (m) | Cu % | Ni % | Co ppm | Other ppb | Other ppm |
IL22-01 123.5-125.9 | 2.4 | 0.29 | 0.05 | 410 | - | - |
IL22-01 141.2-142.8 | 1.8 | - | - | - | Re* 751 | Mo 398 |
IL22-03 192-193.5 | 1.5 | - | - | - | Re* 134 | Mo 235 |
IL22-04 137.3-139.0 | 1.7 | - | - | - | Pt 620 | -- |
IL22-06 123.8-128.6 | 4.8 | 0.33 | 0.05 | 222 | - | - |
IL22-06 133.8-137.0 | 3.2 | 0.11 | 0.02 | 137 | - | - |
IL22-06 191.9-193.4 | 1.5 | 0.42 | 0.04 | - | - | - |
Hole (from-to m) | Intercept (m) | Cu % | Ni % | Co ppm | Other ppb | Other ppm |
IL22-07 89.1-88.8 | 0.7 | 0.07 | ||||
IL22-07 100-104.9 | 4.9 | 0.08 | ||||
IL22-07 121.0-123.0 | 2.0 | 0.12 | ||||
IL22-07 127.5-129.2 | 1.7 | 0.07 | ||||
IL22-07 134.1-141.9 | 6.9 | 0.10 | ||||
IL22-09 117.5-118.9 | 1.4 | 0.14 | 0.02 | 161 | ||
IL22-11 175.5-177.5 | 2.0 | 0.30 | 0.05 | 264 | ||
IL22-12 61.5-66.6 | 5.1 | 0.07 | 0.01 | 116 | ||
including 64.8-66.6 | 1.8 | 0.05 | 0.01 | 178 | Re* 138 | Mo 50 |
IL22-13 52.4-53.1 | 0.7 | Re* 185 | Mo 149 | |||
IL22-13 112.2-114.4 | 2.2 | 0.03 | 0.01 | 161 | ||
IL22-13 116.3-118.5 | 2.2 | 0.48 | 0.02 | 375 | Re* 73 | Mo 19.6 |
* Rhenium (Re) values must be interpreted with caution. This element was not expected and while standards were inserted by the lab Tech-X did not itself insert independent standards into its sample stream.
Surface mapping and prospecting completed concurrent with drilling has discovered a substantial number of mafic/ultramafic boulders with disseminated sulfide including visual chalcopyrite over a much larger area than where they were discovered in 2000 (8 similar looking samples collected previous to the current program average 0.72% copper, 696 ppb gold, 0.20 g/t palladium, 0.13 g/t platinum and 0.04% nickel). The 2022 samples are currently being assayed.
A map showing 13 holes released today is attached as drilling continues.
This news release has been reviewed and approved by Mr.
Quality Assurance and Quality Control
Diamond drill core was split and sampled in 2 to 3 metre sections, with sample intervals reduced significantly where the massive sulphide/magnetite horizon was intersected. Certified standards, blanks and duplicate samples were inserted into the sample stream during the sampling process. Samples were transported to
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