Black Hawk’s Minago yields good results

The Minago nickel project is 140 miles south of Thompson, Man., and was recently acquired 100% by Black Hawk.

Hole B-1-89 cut 123.1 ft of 1.54% nickel from 561.1 to 684.2 ft, including a 105-ft interval between 573 and 678 ft which graded 1.63% nickel. The hole was drilled about 1,250 ft away from the property’s main zone where previous drilling has outlined a significant deposit.

Black Hawk President Garry Hughes said more drilling will be done on northeast extension when a second drill machine arrives on the property next month.

Meanwhile, the company will continue with one machine to test the continuity of the main zone between depths of 800 and 1,400 ft. Previous drilling probed the main zone to a depth of 1,600 ft.

Geological reserves in the Minago deposit have been estimated at 2.2 million tons grading 1.64% nickel, with 65% of the tonnage in the main zone.

Black Hawk is 57%-owned by DCC Equities Ltd. and has 11.2 million shares outstanding on a fully-diluted basis.

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