In addition to the TEM survey, a limited, 2-hole diamond drilling program totalling 675 metres was carried out at the Quill area, located 1.7 kilometres southeast of the Wellgreen deposit. This drilling tested 2 conductors, A and B, detected during the 2019 TEM survey of the Quill area. See Figure 1 for a property scale map of the Nickel Shäw Project area. With no significant nickel-copper (Ni-Cu) sulphide intersected in either Conductor A or B and assay results yielding no well-mineralized intervals, the Company will now focus on the higher priority targets identified in the Arch and Burwash target areas.
2020 Quill Drill Program
The primary target for the 2020 drill exploration program was Conductor A, which has a strike length of 800 metres and is a composite of several conductive plates. This conductor has conductance of 5,000 Siemens and a depth to top of 200 metres below surface. The drill hole testing of Conductor A was approximately 561 metres and was collared in Station Creek Formation volcanics and drilled through Hasen Creek Formation sediments before encountering the peridotite sill. Based on observations in the core and the borehole EM survey, the conductivity appears to be centred above the hole and caused by sheared graphitic sediments. Geological mapping and drill core observations suggest the sequence is overturned and that the footwall of the sill was cut by the drill hole. The second hole drill tested Conductor B for approximately 114 metres, and Conductor B was drilled entirely in serpentinized peridotite. The conductivity at Conductor B appeared to be related to a superparamagnetic response in the peridotite and was later confirmed with borehole geophysics. See Figure 2.
2020
Sixteen loops were used in the 2020 campaign, covering 29 kilometres of data on 42 separate lines. The data collection was completed by SJ Geophysics from
The 2020 EM program identified 42 total conductive anomalies, with 11 of these identified as potentially nickel massive sulphide. The 11 conductors are generally in the size range of 20 metres x 30 metres with the largest up to 50 metres x 75 metres, and are very highly conductive (up to 26,000 Siemens). Given the reading size of the modelled conductors, the possibility exists that a larger, highly fractured or cluster of similar conductors exists in the vicinity of each target, but only the closest conductor to each survey line can be identified.
Dissimilar to Conductor A identified during the 2019 exploration program, several of the 2020 identified conductors have a close spatial association with mapped Ni-Cu sulphide occurrences in outcrop and historic drill holes. The conductor locations, parameters and Ni-Cu sulphide occurrences identified during the 2020 exploration program are shown in Figures 4 - 6.
Conductor D, located in the Arch area (see Figure 4), represents a highly promising EM conductor for potential follow-up work given its size and direct correlation with high grade surface showings of Ni-Cu sulphide. The conductor is also supported by two shallow historic drill intersections of Ni-Cu sulphide within 250 metres of the conductor. One of the nearby surface showings had historic channel samples grading up to 3.0% Ni, 3.0% Cu, 2.4 g/t Pt and 3.5 g/t Pd over 2.0 metres. A historic 1988 drill hole, AR88-03, intersected 1.4% Ni and 0.8% Cu over 2.6 metres (core length) at 14 metres down-hole. A 2001 historic drill hole, AR01-04, intersected 2.0% Ni and 4.2% Cu over 1 metre (core length) at 55 metres down-hole. Conductor D can be tested by one or more holes drilled from a ridge to the south-southeast. Conductor E occurs approximately 700 metres along the trend of the ultramafic sill to the southeast of Conductor D. This highly conductive body does not have mapped ultramafic or associated Ni-Cu sulphide showings. An example of the learning from the 2020 Drill Program is that a larger conductor that was detected approximately 250 metres south of the ultramafic sill, brown rectangles in Figure 4, has similarities to Conductor A and is believed to be formational (likely graphite bearing) in nature and therefore there are no current plans to test it further.
The West Burwash area has several Ni-Cu sulphide showings at margins of the main ultramafic intrusion and subsidiary splays. (see Figure 5 above). The Lower and Upper Showings are both exposed along
Two historic showings occur in the East Burwash area. The Tex and Mex showings were discovered during mapping and soil sampling work in the 1980s and are characterized by disseminated sulphide mineralization in gabbro and sheared gabbro. A historic surface chip sample at Mex graded 0.5% Ni, 0.5% Cu, 1.4 g/t Pt and 1.6 g/t Pd over 6.0 metres. Conductors O and P occur approximately 200 metres southeast of the Tex Showings adjacent to historic multi-element soil anomalies outlined by the 100 ppb Pt contour in Figure 6. These conductors lie between mapped ultramafic units, but are not underlain by ultramafic or gabbro.
The scientific and technical information disclosed in this news release in relation to the geophysics program was reviewed and approved by
- Cathro, R.J. (1987) Summary Report on 1987 Exploration: Linda Property; Performed for 2001
Resource Industries Limited ,Rockridge Mining Corporation and Kluane Joint Venture byArcher Cathro and Associates Limited (Yukon Assessment Report 87-006). Eaton , W.D. (1988) Summary Report on 1988 Exploration: Linda Property; Performed for 2001Resource Industries Limited ,Rockridge Mining Corporation and Kluane Joint Venture byArcher Cathro and Associates Limited (Yukon Assessment Report 99-092633).- McGoran, J.P. (2001) Prospecting, Road Maintenance, Trenching and Drilling Report on 2001 Exploration: Arch Property; Performed for the Linda Joint Venture by
Northern Platinum Limited (Yukon Assessment Report 2001-094254).
About
The Company is led by a management team with a proven track record of successful discovery, development, financing and operation of large-scale projects. Our vision is to create value for our shareholders by becoming a leading North American nickel, copper, cobalt and PGM producer.
Cautionary Note Regarding Forward-Looking Information
This news release includes certain information that may be deemed "forward-looking information". Forward-looking information can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "believe", "continue", "plans" or similar terminology, or negative connotations thereof. All information in this release, other than information of historical facts, including, without limitation, regarding the undertaking of future activities, work programs and development of the Nickel Shäw Project, realization of the potential of the various Conductors, and general future plans and objectives for the Company and the Nickel Shäw Project, are forward-looking information that involve various risks and uncertainties. Although the Company believes that the expectations expressed in such forward-looking information are based on reasonable assumptions, such expectations are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking information.
For more information on the Company and the key assumptions, risks and challenges with respect to the forward-looking information discussed herein, and about our business in general, investors should review the Company's most recently filed annual information form, and other continuous disclosure filings which are available at www.sedar.com. Readers are cautioned not to place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
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