Nickel North Exploration Corp.: Expanding Near Surface Cu-Ni-Pd-Pt-Au Sulphide Mineralization at Falco 7 & Expansion of High...
19 12월 2013 - 11:00PM
Marketwired
Nickel North Exploration Corp.: Expanding Near Surface
Cu-Ni-Pd-Pt-Au Sulphide Mineralization at Falco 7 and Expansion of
High Grade Mineralization in Historical Zones
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 19, 2013) -
Nickel North Exploration Corp. (TSX-VENTURE:NNX) ("Nickel North" or
the "Company") is pleased to release the results of the final phase
of its 2013 exploration program on the Company's 100% owned Hawk
Ridge Cu-Ni-PGE project in northern Québec. The program was very
successful in that significant Cu-Ni-Pd-Pt-Au mineralization (see
Table) associated with the mafic-ultramafic Montagnais Group sills
was intersected during drilling in five separate areas across the
property (the Hopes Advance North Zone, Hopes Advance Main Zone,
Falco 7 Zone, Gamma Zone and the Mak I Zone).
In four of these separate magmatic sulphide mineralized zones,
mineralization occurs in two settings associated with the
Montagnais Group mafic-ultramafic sills. Setting 1 mineralization
spans the contact between ultramafic units and the underlying
glomeroporphyritic gabbro. Setting 2 mineralization occurs at the
base of the sills along the footwall contact with the sulphidic
paraschist. In the Mak I Zone, mineralization is confined to two
pyroxenite units. The Company is particularly excited about the
newly-discovered Falco 7 Zone in the north end of the property
close to Aupaluk, which is comprised of a shallow-dipping
kilometre-scale mafic-ultramafic sill containing layered
sulphide-mineralized intervals which returned some of the highest
grade Cu-Ni-Pd-Pt-Au assays from this year's drilling.
Highlights of the 2013 exploration program include:
Falco 7 Zone
- The new Falco 7 zone of mineralization has a drilled strike
length of the central portion approximately 1.6 kilometres, however
drilling, mapping and geophysics demonstrate that it is open along
strike for at least several more kilometres.
- The maximum down-dip extension is approximately 500 metres at a
depth of 150 metres from surface.
- Two of the best composite Cu-Ni-Pd-Pt and Au grades and
thickest intervals of mineralization at the Falco 7 Zone occur
around drill-holes HR-2013-18 grading 0.45% Cu, 0.16% Ni, and 0.24
g/t Pd+Pt+Au or 0.95% CuEq over 19.5 metres (true width for Falco 7
Zone drill-holes is approximately 97% of shown), and HR-2013-26
grading 0.35% Cu, 0.17% Ni and 0.24 g/t Pd+Pt+Au or 0.87% CuEq over
21.00 metres. These two holes (over 350 meters apart) define a
representative section across the width of the intrusion in the
central portion of the Falco 7 Zone. HR-2013-20, grading 0.47% Cu,
0.14% Ni and 0.27 g/t Pd+Pt+Au or 0.95% CuEq over 13.35 metres is
approximately 250 metres along strike south and down-dip from
HR-2013-18. The relatively simple and, therefore, predictable
stratiform nature of the Falco 7 Zone geology and mineralization
facilitated exploration drilling with confidence on approximately
200 metre centres during the 2013 program.
Hopes Advance Main Zone
- The mineralization at the Hopes Advance Main Zone has a strike
of at least 950 metres and a down-dip extension from surface of 495
metres.
- HR-2013-16 intersected the down-dip extension of the both
settings of mineralization; however, only setting 1 had significant
grades (see Table). These two mineralized zones can be traced from
HR-2013-16, which intersected 35.85 metres (true width is
approximately 72%) grading 0.55% Cu, 0.22% Ni and 0.29 g/t Pd+Pt+Au
or 1.19% CuEq, up-dip to the intersection of HR-2012-07 which in
2012 returned 54.2 metres (true width approximately 89%) of 0.54%
Cu and 0.19% Ni, and continuing to surface for a total length of
495 metres.
Gamma Zone
- Mineralization at the Gamma Zone has a minimum strike length of
at least 840 metres.
- The mineralization has a maximum thickness of 51.25 metres and
a down-dip extension from surface for at least 330 metres.
- Some of this year's best grades in core came from the two most
northern drill holes: HR-2013-30A grading 0.53% Cu, 0.22% Ni and
0.23 g/t Pd+Pt+Au or 1.17% CuEq over 28.5 metres (true width is
approximately 86%), and HR-2013-39 grading 0.58% Cu, 0.24% Ni and
0.33 g/t Pd+Pt+Au or 1.29% CuEq over 43.75 metres (true width is
approximately 70%).
- In addition, semi-massive sulphide concentrations with > 1%
Cu, > 1% Ni and > 1g/t Pd+Pt+Au were intersected at the base
of the intrusion in HR-2013-30A; as was the case in its up-dip (330
metres distance) counterparts in HR-2012-01 & 02 from the 2012
drilling program.
- In HR-2013-39 the base of the 43.75 metres intersection of
disseminated Cu-Ni-Pd-Pt-Au mineralization contains numerous 0.5
metre intervals returning > 1% Cu and > 0.5% Ni associated
with near semi-massive concentrations of sulphides. This is the
first discovery of such elevated nickel concentrations at the base
of this mineralized horizon, and suggests that semi-massive to
massive sulphides may be present close by.
It is important to note that the mineralization crops out at
surface in all the zones explored in 2013. It is also important to
note that the mafic-ultramafic sill stratigraphy and associated
styles of mineralization at all zones is virtually identical,
except that some are more steeply dipping as a result of localized
structural modifications.
The Falco 7, Hopes Advance Main and Gamma zones are currently
being evaluated in a 43-101 resource report study being conducted
by P & E Mining Consultants of Toronto, Ontario. Publishable
resource results are expected to be available in mid to late
January, 2014. Additionally, metallurgical work on the different
type of mineralization settings is being completed by XPS
Consulting and Testwork Services of Falconbridge, Ontario.
NNX CEO, Phillip Mudry, states: "The prolific amount of
mineralization that has been discovered across the property,
situated within the Circum Superior Nickel Belt, which hosts the
producing Raglan and Thompson mining districts, and the strategic
location on tidewater puts the Hawk Ridge property into a unique
position. The ongoing discovery of new mineralized zones and the
expansion of the known mineralized zones demonstrate the continued
successes of Nickel North's technical team."
Table: Cu-Ni & summary Pd+Pt+Au Drill-Hole Assays
HOLE-ID |
|
Zone |
From |
To |
Width_m |
Cu% |
Ni% |
Pd+Pt+Au g/t |
Sulphide % |
CuEq % |
HR-2013-13 |
|
HA North |
29.35 |
41.00 |
11.65 |
0.61 |
0.25 |
0.31 |
3.8 |
1.35 |
including |
|
HA North |
30.00 |
40.00 |
10.00 |
0.68 |
0.28 |
0.34 |
4.2 |
1.49 |
HR-2013-16 |
|
HA Main |
417.50 |
453.35 |
35.85 |
0.55 |
0.22 |
0.29 |
5.0 |
1.19 |
including |
|
HA Main |
433.40 |
452.35 |
18.95 |
0.77 |
0.28 |
0.34 |
7.7 |
1.59 |
HR-2013-17 |
|
Falco 7 |
6.00 |
12.65 |
6.65 |
0.26 |
0.06 |
0.06 |
10.2 |
0.47 |
HR-2013-17 |
|
Falco 7 |
29.35 |
38.30 |
8.95 |
0.38 |
0.08 |
0.04 |
45.0 |
0.62 |
HR-2013-18 |
|
Falco 7 |
8.20 |
27.70 |
19.50 |
0.45 |
0.16 |
0.24 |
3.9 |
0.95 |
including |
|
Falco 7 |
22.75 |
27.70 |
4.95 |
0.69 |
0.19 |
0.32 |
5.7 |
1.30 |
HR-2013-18 |
|
Falco 7 |
37.75 |
41.40 |
3.65 |
0.37 |
0.09 |
0.05 |
53.6 |
0.65 |
including |
|
Falco 7 |
39.20 |
41.40 |
2.20 |
0.52 |
0.13 |
0.06 |
76.8 |
0.88 |
HR-2013-19 |
|
Falco 7 |
25.80 |
38.25 |
12.45 |
0.33 |
0.12 |
0.13 |
3.6 |
0.71 |
including |
|
Falco 7 |
34.30 |
38.25 |
3.95 |
0.62 |
0.21 |
0.16 |
6.6 |
1.21 |
HR-2013-19 |
|
Falco 7 |
45.65 |
48.15 |
2.50 |
0.50 |
0.15 |
0.06 |
76.2 |
0.90 |
HR-2013-20 |
|
Falco 7 |
116.80 |
130.15 |
13.35 |
0.47 |
0.14 |
0.27 |
3.5 |
0.95 |
including |
|
Falco 7 |
127.15 |
130.15 |
3.00 |
0.91 |
0.19 |
0.41 |
6.0 |
1.55 |
HR-2013-20 |
|
Falco 7 |
138.85 |
146.80 |
7.95 |
0.34 |
0.10 |
0.05 |
43.2 |
0.64 |
including |
|
Falco 7 |
142.15 |
145.55 |
3.40 |
0.56 |
0.17 |
0.05 |
87.3 |
1.00 |
HR-2013-21 |
|
Falco 7 |
42.00 |
47.50 |
5.50 |
0.41 |
0.10 |
0.17 |
7.6 |
0.74 |
HR-2013-22 |
|
Falco 7 |
75.85 |
78.90 |
3.05 |
0.30 |
0.13 |
0.22 |
4.1 |
0.74 |
HR-2013-23 |
|
Falco 7 |
89.15 |
92.70 |
3.55 |
0.53 |
0.11 |
0.32 |
4.0 |
0.96 |
including |
|
Falco 7 |
91.10 |
92.50 |
1.40 |
0.87 |
0.09 |
0.39 |
4.8 |
1.29 |
HR-2013-25 |
|
Falco 7 |
25.60 |
42.30 |
16.70 |
0.33 |
0.14 |
0.18 |
3.7 |
0.77 |
including |
|
Falco 7 |
36.45 |
40.40 |
3.95 |
0.55 |
0.20 |
0.19 |
6.6 |
1.13 |
HR-2013-25 |
|
Falco 7 |
53.91 |
54.53 |
0.62 |
0.58 |
0.19 |
0.05 |
26.7 |
1.08 |
HR-2013-26 |
|
Falco 7 |
130.00 |
151.00 |
21.00 |
0.35 |
0.17 |
0.24 |
3.5 |
0.87 |
including |
|
Falco 7 |
141.00 |
149.00 |
8.00 |
0.52 |
0.23 |
0.33 |
5.4 |
1.23 |
HR-2013-27 |
|
Falco 7 |
80.00 |
100.00 |
20.00 |
0.33 |
0.13 |
0.19 |
3.5 |
0.73 |
including |
|
Falco 7 |
92.00 |
98.00 |
6.00 |
0.55 |
0.18 |
0.26 |
5.3 |
1.10 |
HR-2013-27 |
|
Falco 7 |
115.58 |
117.85 |
2.27 |
0.32 |
0.10 |
0.03 |
17.2 |
0.60 |
HR-2013-28 |
|
Falco 7 |
130.75 |
144.00 |
13.25 |
0.30 |
0.13 |
0.19 |
3.3 |
0.72 |
including |
|
Falco 7 |
137.00 |
143.00 |
6.00 |
0.39 |
0.17 |
0.23 |
4.6 |
0.90 |
HR-2013-29 |
|
Falco 7 |
43.00 |
68.50 |
23.50 |
0.37 |
0.16 |
0.22 |
5.3 |
0.86 |
including |
|
Falco 7 |
57.50 |
63.50 |
6.00 |
0.60 |
0.29 |
0.32 |
8.1 |
1.42 |
HR-2013-29 |
|
Falco 7 |
80.00 |
81.95 |
1.95 |
0.46 |
0.02 |
0.03 |
5.9 |
0.57 |
HR-2013-31 |
|
Falco 7 |
91.10 |
95.25 |
4.15 |
0.43 |
0.14 |
0.08 |
8.0 |
0.84 |
HR-2013-33 |
|
Falco 7 |
12.00 |
22.00 |
10.00 |
0.23 |
0.08 |
0.10 |
8.1 |
0.49 |
HR-2013-33 |
|
Falco 7 |
40.80 |
41.00 |
0.20 |
0.30 |
0.08 |
0.05 |
24.5 |
0.56 |
HR-2013-34 |
|
Falco 7 |
95.20 |
113.50 |
16.10 |
0.34 |
0.11 |
0.10 |
10.3 |
0.67 |
including |
|
Falco 7 |
107.20 |
108.77 |
1.57 |
0.85 |
0.07 |
0.04 |
12.5 |
1.07 |
HR-2013-35 |
|
Falco 7 |
108.50 |
112.00 |
3.50 |
0.31 |
0.09 |
0.07 |
14.8 |
0.59 |
HR-2013-36 |
|
Falco 7 |
120.00 |
122.50 |
2.50 |
0.24 |
0.10 |
0.15 |
6.9 |
0.57 |
HR-2013-36 |
|
Falco 7 |
128.42 |
129.00 |
0.58 |
1.01 |
0.07 |
0.03 |
17.2 |
1.21 |
HR-2013-37 |
|
Falco 7 |
125.50 |
140.50 |
15.00 |
0.42 |
0.12 |
0.17 |
6.6 |
0.79 |
including |
|
Falco 7 |
132.00 |
135.00 |
3.00 |
1.06 |
0.21 |
0.28 |
8.1 |
1.69 |
HR-2013-38 |
|
Falco 7 |
146.00 |
162.00 |
16.00 |
0.38 |
0.11 |
0.20 |
3.9 |
0.76 |
HR-2013-38 |
|
Falco 7 |
166.00 |
168.00 |
2.00 |
0.39 |
0.15 |
0.06 |
8.8 |
0.79 |
HR-2013-38 |
|
Falco 7 |
189.65 |
191.30 |
1.65 |
0.81 |
0.18 |
0.06 |
94.7 |
1.29 |
HR-2013-30A |
|
Gamma |
330.50 |
359.00 |
28.50 |
0.53 |
0.22 |
0.23 |
3.2 |
1.17 |
including |
|
Gamma |
335.00 |
349.25 |
14.25 |
0.62 |
0.26 |
0.28 |
3.7 |
1.37 |
including |
|
Gamma |
353.25 |
358.00 |
4.75 |
0.69 |
0.31 |
0.23 |
4.5 |
1.55 |
HR-2013-30A |
|
Gamma |
400.08 |
401.63 |
1.55 |
1.10 |
0.35 |
0.45 |
22.5 |
2.10 |
including |
|
Gamma |
401.02 |
401.20 |
0.18 |
0.18 |
1.02 |
1.56 |
89.1 |
3.12 |
including |
|
Gamma |
401.20 |
401.50 |
0.30 |
0.26 |
0.58 |
0.81 |
24.8 |
1.91 |
including |
|
Gamma |
401.50 |
401.63 |
0.13 |
0.26 |
0.52 |
0.68 |
22.7 |
1.70 |
HR-2013-39 |
|
Gamma |
258.50 |
302.25 |
43.75 |
0.58 |
0.24 |
0.33 |
3.6 |
1.29 |
including |
|
Gamma |
282.25 |
286.75 |
4.50 |
0.82 |
0.32 |
0.39 |
5.6 |
1.72 |
including |
|
Gamma |
289.25 |
291.75 |
2.50 |
0.86 |
0.34 |
0.36 |
5.8 |
1.82 |
including |
|
Gamma |
298.25 |
302.25 |
4.00 |
1.11 |
0.38 |
0.35 |
6.4 |
2.18 |
including |
|
Gamma |
300.25 |
300.75 |
0.50 |
1.12 |
0.61 |
0.55 |
11.7 |
2.78 |
including |
|
Gamma |
301.25 |
301.75 |
0.50 |
1.26 |
0.70 |
0.44 |
7.7 |
3.11 |
HR-2013-40 |
|
Gamma |
298.50 |
320.50 |
22.00 |
0.39 |
0.15 |
0.18 |
2.2 |
0.83 |
including |
|
Gamma |
304.50 |
312.50 |
8.00 |
0.51 |
0.19 |
0.19 |
3.0 |
1.06 |
HR-2013-41 |
|
Gamma |
96.50 |
109.30 |
12.70 |
0.46 |
0.17 |
0.23 |
2.6 |
0.98 |
including |
|
Gamma |
99.30 |
100.80 |
1.50 |
0.62 |
0.21 |
0.23 |
3.8 |
1.22 |
including |
|
Gamma |
101.80 |
103.80 |
2.00 |
0.76 |
0.28 |
0.32 |
4.5 |
1.58 |
HR-2013-43 |
|
Mak-1 |
26.75 |
33.50 |
6.75 |
0.25 |
0.11 |
0.14 |
2.3 |
0.60 |
including |
|
Mak-1 |
31.25 |
33.50 |
2.25 |
0.41 |
0.15 |
0.17 |
3.6 |
0.85 |
HR-2013-43 |
|
Mak-1 |
83.50 |
90.75 |
7.25 |
0.45 |
0.20 |
0.25 |
4.6 |
1.04 |
including |
|
Mak-1 |
88.25 |
88.75 |
0.50 |
0.66 |
0.50 |
0.38 |
12.5 |
1.98 |
*
CuEq (copper equivalent) calculations are based London Metals
Exchange 3 year trailing average metal prices as of Dec 13, 2013
(this is new data and is updated in regards to previous news
releases) at US$ 8.51/lb. nickel, US$ 3.67/lb. copper, US$
1554.00/troy oz. gold, US$ 1596.00/troy oz. platinum, and US$
702.00/troy oz. palladium. The equation for CuEq value is as
follows: CuEq = ((Ni grade x Ni price x 22.04622) + (Cu grade x Cu
price x 22.04622) + (Au grade x Au price x 0.02916) + (Pt grade x
Pt price x 0.02916) + (Pd grade x Pd price x 0.02916)) / (Cu price
x 22.04622). |
|
Quality Assurance and Quality Control
Drill core assay results are monitored and evaluated upon
receiving each new assay certificate. Two certified international
standards, two certified standards, two certified laboratory
inserted standards, and two company inserted blanks, laboratory
inserted blanks, company duplicates and laboratory repeats are
monitored in each certificate using industry accepted protocols.
The geochemical protocol for the project in 2012 & 2013
includes sampling the entire length of the diamond drill-‐hole
(half cut NQ core), and analyzing each sample for Ni, Cu and Pt,
Pd, Au (fire assay) and a 39-element ICP-MS package following a 4
acid digestion. Core sample analysis was completed by TSL
Laboratories, Saskatoon, Saskatchewan.
Qualified Person
Gabe Fortin, P.Geol., the exploration manager for the project
has reviewed the contents of this news release and is a Qualified
Person as defined by NI43-101.
About Nickel North Exploration Corp.
Nickel North Exploration is a Canadian based explorer focused on
defining a Ni-‐Cu-‐PGE resource at our Hawk Ridge Project in
Northern Québec. The board of directors, advisor committee and
management team are experienced, successful mine finders. The
property consists of a 50 km long belt of magmatic Ni-‐Cu-‐PGE
occurrences covering 30,658 hectares. The project is located near
tidewater. Québec is a mining friendly jurisdiction. Nickel North
Exploration is a conscientious corporate citizen, maintains good
relations with local aboriginal communities, and is committed to
sustainable development. For more information on the company,
please visit www.nickelnorthexploration.com.
Disclaimer for
Forward-Looking Statements
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release. The foregoing information may contain forward-looking
statements relating to the future performance of Nickel North
Exploration Corp. Forward-looking statements specifically those
concerning future performance, are subject to certain risks and
uncertainties and actual results may differ materially from those
currently anticipated due to a number of factors beyond the
Company's control. These risks and uncertainties include, among
other things; competition for qualified personnel
and risks that are inherent in the Company's operations including
the risks that the Company may not find any minerals in
commercially feasible quantity or raise enough money to fund its
exploration plans. These and other risks and uncertainties are
described herein and from time to time in the Company's public
disclosure documents filed on the SEDAR website maintained by the
Canadian Securities Administrators. Except as required by law, the
Company assumes no obligation to update forward-looking statements
should circumstances or management's estimates or opinions change.
Nickel North Exploration does not assume any obligation to update
or revise its forward-looking statements wither as a results of new
information, future events or otherwise.
ON BEHALF OF THE BOARD OF DIRECTORS
Phillip Mudry, P.Geol., President and CEO
Nickel North Exploration
Corp.604-609-6182www.nickelnorthexploration.com
Nickel North Exploration (TSXV:NNX)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024
Nickel North Exploration (TSXV:NNX)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024