The Property, comprising 5,894 hectares (includes the
The survey comprises 640 line-kilometers flown on lines spaced 200-meters apart and will cut the favorable stratigraphy at right angles. The survey will yield both electromagnetic and magnetic data, important tools for the exploration and delineation of targets, searching for magmatic Ni-Cu-Co-PGE deposits.
Preliminary results are expected to be received by the Company by mid December and will be released as they are interpreted.
The Consolidated Shebandowan Ni-Cu-Co-Cr-PGE Property: Highlighting the exploration opportunity on the Property, is an extensive cluster of strongly anomalous nickel, copper, cobalt, chrome, platinum and palladium in glacial till values, delineated by an
Such geochemical anomalies are closely related to mafic and ultramafic rocks. Mapped lithologies include peridotite, pyroxenite and gabbro flows and sill-like bodies - the same host rocks at the neighbouring
In addition to the Ni-Cu-Co-PGE potential of the Property, there is excellent potential for the discovery of orogenic gold deposits as well. Historic geochemical work completed by Mingold in the 1980's, delineated an area in the SW part of the Property, containing an elevated number of gold grains supplemented by anomalous geochemical assays in gold, at numerous sample sites (the 'Mingold anomaly'). The Mingold anomaly is situated within a broader area containing high values in arsenic, antimony, lead and zinc, obtained in glacial till and lake sediment samples. Such an anomaly is located proximal to a crustal-scale structure, the Tinto Fault, enhancing the prospects for the occurrence of orogenic gold deposits to occur on the Property.
Contact:
Tel: 1-604-683-3995
Forward Looking Statements
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the matters described herein. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance, or developments to differ materially from those contained in the statements, including with respect to the completion of the Consolidation or the identification or acquisition of additional mineral assets. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including factors beyond the Company's control. These forward-looking statements are made as of the date of this news release.
(C) 2023 Electronic News Publishing, source