Partners extend B20 program (April 22, 2002)

Partners Appalaches Resources (APP-V) and Marum Resources (MMU-V) are extending their ongoing drill program at the B20 property, near Port Cartier, Que.

So far, 13 holes (3,800 metres) have cut several zones of disseminated-to-massive sulphide mineralization. Some of the core contains visible chalcopyrite, which, in the Pentecote River anorthosite complex, is often indicative of nickel copper-cobalt and platinum mineralization.

The mineralized horizons vary between 1 and 25 metres in thickness.

Last year, outcrop sampling in an area 2 km east of the main B20 zone returned up to 1.8 grams platinum per tonne, plus 3% copper, 0.9% nickel and 0.27% cobalt. Previous surface outcrops returned platinum and palladium values of up to 1.5 grams per tonne. The partners say the results indicate the presence of a platinum-enriched copper-nickel zone with a strike length exceeding 4 km.

To earn a half-interest in B20, Marum must cover half of Appalaches’ expenditures on the property before May 31. Marum must also spend an equivalent amount during the second year of the option.