Highlights
- Successful metallurgical flotation tests indicate potential for three valuable concentrates: copper, nickel, and PGMs
- Results based on diverse mineralized materials within
Ferguson Lake Project's NI 43-101 Mineral Resource - Promising outlook for low-capital cost development option
- Underscores significant milestone in project advancement
“The consideration of this flotation flowsheet could significantly improve the economic potential and viability of the Ferguson Lake project,” said Dr.
The Company believes that this flotation-gravity flowsheet could be a low-capital-cost option for the potential mine development of the
Based on these results, in 2024, the Company plans to continue to conduct follow-up investigations of both flotation and hydrometallurgical processes, including new technologies such as bio-hydrometallurgy, for the extraction of metals for the
The 2023 test work program was completed on two domain types of sample material selected from the 2022 CNRI diamond drilling program containing semi-massive to stringer to disseminated sulphide mineralization with sample head grades, as shown in Table 1. These samples are compared to the high-grade massive sulphide bulk sample material used in the 2016 testing program. All the testing programs were completed at the
Table 1
Sample ID | Cu % | Ni % | Co % | S % | Pd g/t | Pt g/t |
2023 Batch 1 drilling | 0.33 | 0.29 | 0.038 | 9.33 | 0.69 | 0.085 |
2023 Batch 2 drilling | 0.042 | 0.062 | 0.01 | 1.01 | 0.98 | 0.72 |
2016 Bulk Sample | 0.86 | 0.96 | NA | 31.5 | 1.88 | 0.18 |
The program and independent review of Batch 1 and 2016 Bulk Sample, medium to high sulphide type mineralized materials encompassed gravity, flotation and magnetic separation test work. Bench tests successfully produced saleable up to 30% Cu and between 37 and 62 g/t PGMs concentrates with 80% Cu recovery. An independent review of the mineralogy of the deposit estimates the pyrrhotite (iron sulphide) to pentlandite (Ni sulphide) ratio is in the range of 35:1 in the massive and semi-massive sulphide zones of the deposit, with the Ni deportment to pentlandite to be about 71% envisioning the creation of a potentially payable 10% Ni bearing concentrate with 51% Ni recovery.
In general, the bench testing of the Batch 1 and 2016 samples, produced high-grade copper and variable grade Ni/Cu concentrates ranging on a grade – recovery curve from 5 to 20% Cu-Ni with recoveries of up to 98% Cu, 61% Ni and 35-75% PGMs. It was concluded that there is potential to significantly improve these results with additional testing using optimized conditions based upon our improved understanding of the Cu, Ni and PGM’s mineral deportment.
Bench testing of the Batch 2 sample, which was obtained from the low-sulphide PGM rich type mineralized material successfully created potentially payable precious metal concentrates in which the highest PGM grade achieved was 92.1 g/t Pd plus 96.5 g/t Pt (totalling 189 g/t) and recoveries of up to 75% Pd and 55% Pt when gravity separation was included in the flotation flowsheet. Additional tests and investigations of the PGM mineralogy of the deposit are expected to improve these results.
Based upon the review of the historic and CNRI flotation test results completed by
This work resulted in the application of total recoveries of 95% Cu, 51% Ni, 89% Co, 76% Pd, and 60% Pt for the massive sulphide mineralized material and 78% Cu, 29% Ni, 48% Co, 60% Pd and 70% Pt for the low sulphide PGM mineralized material in the creation of the independent 43-101 Mineral Resource Statement (CNRI News Release,
Qualified Person:
The technical contents of this News Release have been reviewed and approved by Dr.
About
This updated Mineral Resource incorporates the recent 39,270 metres of diamond drilling in 145 holes completed by the Company. (Refer to the press release “Canadian North Resources Reports Substantial Increase of Copper, Nickel, Cobalt, Palladium and Platinum NI 43-101 Compliant Mineral Resources for its 100% owned
Further information of the Company can be found at www.cnresources.com.
Also, for further information contact:
Dr.
905-696-8288 (
Email: info@cnresources.com
Neither
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this news release, including statements which may contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, or similar expressions, and statements related to matters which are not historical facts, are forward-looking information within the meaning of applicable securities laws. Such forward-looking statements, which reflect management’s expectations regarding the Company’s future growth, results of operations, performance, business prospects and opportunities, are based on certain factors and assumptions and involve known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking statements.
These factors should be considered carefully, and readers should not place undue reliance on the Company’s forward-looking statements. The Company believes that the expectations reflected in the forward-looking statements contained in this news release and the documents incorporated by reference herein are reasonable, but no assurance can be given that these expectations will prove to be correct. In addition, although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. The Company undertakes no obligation to release publicly any future revisions to forward-looking statements to reflect events or circumstances after the date of this news or to reflect the occurrence of unanticipated events, except as expressly required by law, anticipated events, except as expressly required by law.
Source:
2024 GlobeNewswire, Inc., source