PGE Zone Highlights
9.3m of 0.43% Ni, 0.17% Cu, 0.05% Co, with 0.19 g/t PGE + Au
Including 1.35m from 19m: 0.69% Ni, 0.22% Cu, 0.085% Co, with 0.25 g/t PGE + Au
And 1.4m from 23.2m: 0.93% Ni, 0.15% Cu, 0.11% Co, with 0.35 g/t PGE + Au
Near surface parallel mineralized structures intercepted
This release updates drilling results from 2022 and reports on drill holes from both PGE-Central and PGE-North. The conductors are elongated in the north south direction and are clustered along the northern contact of the anorthosite. Future drilling from the West is planned to test the related sub-surface Ni-Cu sulphide structures as well as the mineralization seen at surface.
Thin section SEM analysis of surface samples collected in 2021 by IOS Geoscientific revealed most nickel is contained in pentlandite (Report 2021). Elevated platinum, palladium and cobalt are associated with higher nickel values and pentlandite, while elevated gold correspond to higher copper values and chalcopyrite. This favourable mineralogy adds to the economic potential of the system.
HSP-22-09 PGE Central Target encountered layers of moderately dipping foliated anorthosite and gabbro layers. The darker pyroxene-rich gabbro layers have varying amounts of sulphide mineralization and exhibit net/emulsion textures as well as sulphide massive ore breccia texture (SMOB). As expected, higher grade intervals contained more sulphur than lower grades with 4 samples returning over 10% S. Total sulphide component can be estimated using geochemical results. There is significant variation within intercepts ranging up to 45% sulphide with the highest base metal grades.
Intercepts are reported as core length, true widths are not known (CA varying from 30 to 45 degrees). Intercepts are calculated using a weighted average over the entire intercept length. A minimum intercept width of 2m was used with a cut-off grade of 0.2% Ni+Cu combined. The widest allowable width below cut-off grade within an intercept is 1.5m.
HSP-22-11 PGE North Target intercepted three short intervals above cut-off totalling 5.85m over the drill hole. These intercepts exhibit similar textures to those at PGE C suggesting the two targets are related. The concentration of sulphides seen in these two drill holes is lower than expected given the size and magnitude of the PGE N EM anomaly. This leads the team to believe the major conductors were not intercepted on the PGE North target.
With two complete holes from each target the company can delineate an apparent dip from each of the structures by connecting marker 'layers'. A mineralized horizon containing nickel-copper and cobalt was intercepted in both holes HSP-22-08 and HSP-22-09 that delineates a 33 degree apparent dip to the west. This orientation does not connect to the surface showings so is interpreted as a newly discovered mineralized zone and the surface showings remain untested at depth. All drill holes at the
Remaining Targets
The company expects to report further outstanding drill results starting with the Chamber N and S targets (HSP-22-01, 02, 04, 05), followed by
Sampling, Assays and QAQC
Sample selection is based on visual occurrences of sulphides. Selected intervals were half-cut with a diamond rock saw in IOS facility in Saguenay and the consistent half was sent to ALS-Minerals laboratories in
Samples were analysed using four acid digestion and ICP-AES finish. PGE and Au values are determined through fire assay PGM-ICP23. Rigorous QAQC protocols were used including standards and blanks at the start and end of lab sample sheets as well as with insertion at regular intervals.
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About
Contact:
President
T: 604.725.1857
E: scott@gometals.ca
Forward-Looking Information:
This press release may include 'forward-looking information' (as that term is defined by Canadian securities legislation), concerning the Company's business. Forward-looking information is based on certain key expectations and assumptions made by the Company's management, including future plans for the exploration and development of its mineral properties, future production, reserve potential, and events or developments that the Company expects. Although the Company believes that such expectations and assumptions are reasonable, investors should not rely unduly on such forward-looking information as the Company can give no assurance, they will prove to be correct. Forward-looking statements in this press release are made as of the date of this press release. The Company disclaims any intent or obligation to publicly update any forward-looking information (whether because of new information, future events or results, or otherwise) other than as required by applicable securities laws. There are several risk factors that could cause future results to differ materially from those described herein. Information identifying risks and uncertainties is contained in the Company's filings with the Canadian securities regulators, which filings are available at www.sedar.com.
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