The Company completed a total of 13 diamond drillholes during the diamond drilling Phase of 2022 Summer Program, comprising 4,316 metres. Ten of the thirteen holes were drilled at BDF, with the remaining three being drilled at the Syrah target. Results from the first two holes at BDF were previously released (BDF22-001 and BDF22-002). After today's release the Company has pXRF results pending from six holes - three of which were drilled at BDF. The next release will focus on the remaining holes drilled at BDF which targeted areas along strike of the currently modelled zone of mineralization.
It should be noted that pXRF results provide only an indication of the amount of Ni, Cu, and Co present, certified assaying of the core samples is still required to accurately determine the amount of mineralization (Nickel-Copper-Cobalt). The Company has implemented rigorous QA/QC procedures utilizing a direct rock sampler (Figure 6) to produce reasonably representative preliminary results (see pXRF Sample Procedures and QA/QC below).
Highlights
Drilling intersected semi-massive sulphide mineralization as shallow as 8.50 m in BDF22-003
The results to date (inclusive of BDF22-001 and 002) have successfully expanded the preliminary model, with respect to both depth and width:
Mineralization at depth has now been modelled down to 450 m, versus the preliminary model at 295 m
Mineralization was expanded along the width of the mineralized zone from 150 m to 200 m, with individual lenses now modelled up to 48 m in thickness, compared to the 28 m in the preliminary version
BDF22-003 intersected 3.67 m estimated at 3.74% pXRF NiEq or 11.14% pXRF CuEq (between 24.0 and 27.67 m) and 4.31 m estimated at 2.37% pXRF NiEq or 7.08 CuEq (between 36.69 m and 41.0 m)
BDF22-004 intersected 9.5 m estimate at 0.79% pXRF NiEq or 2.34% pXRF CuEq (between 20.5 and 30.0 m), including 3.5 m estimated at 1.50% pXRF NiEq or 4.48 CuEq
'Today's results continue to demonstrate the robust fundamentals of the HPM project. At Barre de Fer we continue to intersect near surface, high-grade nickel-copper-cobalt mineralization, that is an indication BDF would be amenable to open pit extraction. When you couple that with results from our prospecting program that discovered multiple new mineralized sulphide showings on surface, it adds to our confidence that we are exploring in an emerging nickel-sulphide district with advanced infrastructure. The HPM project has road, hydroelectric facilities, and rail, all within kilometres of the site and all within the province of
'The results we are receiving from the 2022 Barre de Fer drill campaign are encouraging from the shear scope and scale of the sulphides intersected particularly when paired with grade of the
About the
The claims host prospective gabbroic, ultramafic and anorthositic bodies within the Manicouagan metamorphic complex and are associated with significant nickel-copper-cobalt sulphide mineralization first identified by
In March of 2022, the Company completed a comprehensive data compilation, verification and modelling program, comprising all previous drill hole data from the
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