Down-dip drilling by Canadian Royalties (CZZ-T) at the Tootoo nickel-copper prospect in Ungava, northern Quebec, has verified mineralization down to a vertical depth of 250 metres.
Tootoo, one of several discoveries by Royalties in the Cape Smith fold belt, is about 3 km southeast of the Mequillon deposit, where Royalties has already calculated an indicated resource of 4.2 million tonnes grading 0.6% nickel, 0.9% copper, 0.03% cobalt, 2.4 grams palladium, 0.7 gram platinum and 0.2 gram gold per tonne.
The new drilling tested targets at depths of 120 to 250 metres in a peridotite-pyroxenite dyke. All the major nickel-copper discoveries on the Cape Smith belt have come from the dyke rocks. This field season’s targets were structural extensions of the known mineralized zones drilled between 2002 and 2005.
The best result came from hole 06-75, which intersected 1.08% nickel, 1.12% copper, 2.5 grams palladium, 0.38 gram platinum and 0.06 gram gold per tonne, over a 29-metre core length at around 140 metres vertical depth. That included a higher-grade interval of 3.4 metres that ran 3.54% nickel and 3.74 grams palladium per tonne.
Two deep holes cut substantial mineralized widths at around 250 metres vertical depth. Hole 06-84 averaged 1.34% nickel, 0.61% coper, 1.76 grams palladium and 0.37 gram platinum per tonne over 5.2 metres, while hole 06-88 ran 0.52% nickel, 0.7% copper, 1.28 grams palladium and 0.31 gram platinum over 21 metres.
Two holes at the Annie showing, 4 km northeast of Tootoo, intersected similar mineralization to Tootoo in the same peridotite-pyroxenite dyke. One hole cut 10 metres grading 0.35% nickel, 0.61% copper, 1.19 grams palladium and 0.28 gram platinum, while the other cut 15.5 metres at 0.41% nickel, 0.6% copper, 1.24 grams palladium and 0.36 gram platinum. Both also had cobalt and gold credits.
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