Highlights of results:
- 0.71 g/t 3PGE+Au (58% palladium content) and 1.7 % nickel at a depth of 260 m below surface;
- 6.4 g/t 3PGE+Au (89% platinum content) and 0.39% nickel at a depth of 72 m below surface;
- 2.13 g/t 3PGE+Au (61% palladium content) and 0.47% nickel at a depth of 214 m below surface;
- 1.27 g/t 3PGE+Au (45% palladium content) and 0.69% nickel at a depth of 320 m below surface;
A weighted average calculation using a cut-off grade of 0.31% Ni from this phase of drilling has resulted in an increased grade of 76% higher than that declared in the historical resource used in the existing Preliminary Economic Assessment (PEA). This existing historical resource consists of an Indicated Resource of 485.4 million tonnes averaging 0.245% Ni, with an additional Inferred Resource of 1,115.1 million tonnes at 0.248% Ni using a cut-off grade of 0.1% Ni.
This phase of drilling is a continuation of the first phase conducted by the Company for a total of 4,901 m in both Phase 1 and Phase 2, targeting higher grade nickel PGE mineralisation in
The Company is pleased to announce that these
6 holes were completed in the Phase 1 drill campaign and a further 8 holes were completed in the Phase 2 drill campaign (assay results for 5 holes are outstanding).
Exploration results from the drilling campaign are presented in the table below, and the location of these holes are presented in Figure 2 below. Drill core diameter for all holes is NQ and drill holes are drilled at an inclination of 50 degrees on an azimuth of approximately 45 degrees.
Table 1: Exploration Program Results from the drill program
Drillhole ID | Depth | Depth | Sample | Depth | Ni^ | Cu | Pt | Pd | Rh | Au | 3PGE + | Mineralisation Style | ||
meters | meters | meters | meters | % | % | g/t | g/t | g/t | g/t | g/t | ||||
Z017 | 37.43 | 415.00 | 377.57 | 23.61 | 0.24 | 0.01 | ** | |||||||
including | 38.00 | 110.00 | 72.00 | 23.97 | 0.25 | 0.01 | ** | |||||||
including | 124.00 | 136.00 | 12.00 | 78.20 | 0.33 | 0.02 | ** | |||||||
including | 170.00 | 178.00 | 8.00 | 107.21 | 0.28 | 0.01 | ** | |||||||
including | 193.00 | 198.00 | 5.00 | 121.72 | 0.37 | 0.01 | ** | |||||||
including | 212.10 | 239.60 | 27.50 | 133.76 | 0.25 | 0.01 | ** | |||||||
including | 304.00 | 308.00 | 4.00 | 191.73 | 0.40 | 0.02 | ** | |||||||
including | 319.63 | 386.00 | 66.37 | 201.58 | 0.27 | 0.01 | ** | |||||||
including | 412.75 | 415.00 | 2.25 | 260.31 | 1.67 | 0.51 | 0.21 | 0.41 | 0.03 | 0.06 | 0.71 | |||
Z018 | 33.00 | 394.00 | 361.00 | 21.48 | 0.25 | 0.01 | ** | |||||||
including | 88.00 | 125.19 | 37.19 | 57.27 | 0.30 | 0.01 | ** | |||||||
including | 144.00 | 171.80 | 27.80 | 93.71 | 0.28 | 0.01 | ** | |||||||
including | 328.00 | 348.00 | 20.00 | 213.45 | 0.31 | 0.01 | ** | |||||||
Z019 | 89.00 | 103.00 | 14.00 | 52.81 | 0.22 | 0.06 | 0.20 | 0.36 | 0.02 | 0.03 | 0.61 | |||
Z019 | 133.00 | 170.80 | 37.80 | 78.92 | 0.29 | 0.09 | 0.40 | 0.68 | 0.07 | 0.04 | 1.19 | |||
including | 133.00 | 142.00 | 9.00 | 78.92 | 0.42 | 0.15 | 0.60 | 1.22 | 0.08 | 0.07 | 1.97 | |||
including | 169.00 | 170.60 | 1.60 | 100.29 | 0.50 | 0.12 | 0.73 | 0.92 | 0.22 | 0.04 | 1.90 | |||
Z020 | 53.00 | 71.00 | 18.00 | 41.19 | 0.41 | 0.13 | 0.53 | 1.07 | 0.10 | 0.05 | 1.75 | |||
including | 55.00 | 64.00 | 9.00 | 42.74 | 0.51 | 0.18 | 0.73 | 1.47 | 0.13 | 0.07 | 2.45 | |||
Z020 | 106.00 | 145.00 | 39.00 | 82.38 | 0.30 | 0.11 | 0.31 | 0.64 | 0.06 | 0.04 | 1.05 | |||
Z020 | 174.00 | 176.07 | 2.07 | 135.22 | 0.59 | 0.15 | 0.90 | 0.95 | 0.11 | 0.05 | 2.00 | |||
Z021 | 187.00 | 210.00 | 23.00 | 169.62 | 0.32 | 0.10 | 0.36 | 0.79 | 0.05 | 0.05 | 1.25 | |||
including | 194.00 | 199.00 | 5.00 | 175.97 | 0.48 | 0.12 | 0.57 | 1.45 | 0.08 | 0.06 | 2.16 | |||
Z022 | 38.08 | 41.74 | 3.66 | 28.87 | 0.35 | 0.08 | 0.30 | 0.46 | 0.10 | 0.03 | 0.89 | |||
Z022 | 69.00 | 76.00 | 7.00 | 52.31 | 0.25 | 0.08 | 0.20 | 0.42 | 0.02 | 0.03 | 0.67 | |||
Z022 | 95.00 | 95.50 | 0.50 | 72.02 | 0.39 | 0.13 | 5.68 | 0.63 | 0.02 | 0.04 | 6.37 | |||
Z026 | 277.50 | 290.00 | 12.50 | 209.43 | 0.35 | 0.15 | 0.74 | 0.97 | 0.06 | 0.06 | 1.82 | |||
including | 284.00 | 287.00 | 3.00 | 214.35 | 0.47 | 0.19 | 0.70 | 1.30 | 0.07 | 0.06 | 2.13 | |||
including | 288.50 | 290.00 | 1.50 | 217.73 | 0.41 | 0.16 | 0.55 | 1.20 | 0.07 | 0.06 | 1.88 | |||
Z027 | 406.50 | 411.50 | 5.00 | 310.02 | 0.31 | 0.11 | 0.23 | 0.52 | 0.03 | 0.05 | 0.84 | |||
including | 406.50 | 408.50 | 2.00 | 310.02 | 0.32 | 0.11 | 0.26 | 0.59 | 0.04 | 0.05 | 0.94 | |||
Z027 | 413.00 | 426.00 | 13.00 | 314.98 | 0.17 | 0.04 | 0.15 | 0.28 | 0.04 | 0.03 | 0.50 | |||
Including | 420.00 | 421.50 | 1.50 | 320.32 | 0.69 | 0.11 | 0.31 | 0.67 | 0.25 | 0.25 | 1.27 | |||
Z028 | 413.00 | 449.50 | 36.00 | 314.98 | 0.22 | 0.08 | 0.24 | 0.48 | 0.04 | 0.03 | 0.80 | |||
Including | 427.00 | 433.50 | 6.50 | 325.65 | 0.37 | 0.18 | 0.54 | 1.10 | 0.10 | 0.06 | 1.80 |
* 3PGE+Au equals platinum + palladium + rhodium + gold by fire assay with ICP-AES Finish; | ||||||||||||
^Total Ni assay by complete digestion, representing the silicate and sulfide portion of Ni; Additional drilling is required to determine true thickness; "Depth From", "Depth To" and "Sample Thickness" reported are depths from surface down the drill hole. |
Based on whole rock geochemistry and methodologies developed by the Zebediela technical team, this exploration program has now conclusively proved that mineralized
The Company is extremely pleased with the successful drill campaign which has confirmed the geological model targeting higher-grade Ni-PGE mineralization beneath the historical NI43-101 resource, and towards the north and south, expanding the strike length of the
"With two major mining companies in our area exploiting the same
Qualified Person and Quality Control/Quality Assurance
Richard Montjoie has supervised the preparation of the scientific and technical information that forms the basis for this news release and has approved the disclosure herein. Mr. Montjoie is not independent of the Company. Mr. Montjoie is a registered member of the
The analytical work reported on herein was performed by
For further information, please visit http://www.zebnickel.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward looking information includes, but is not limited to, drill results relating to the
SOURCE
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