Ressources Appalaches grabs Inco ground

Vancouver — Ressources Appalaches (APP-V) has inked a deal to earn a 100% interest in Inco’s (N-T) Pentecote River nickel sulphide property near Port Cartier, Quebec.

The newly acquired claims lie within the junior’s 203 claims, which host the B20 and Baie- des-Sables properties. Under the terms of the deal, Ressources Appalaches must spend $275,000 over 5 years. Inco retains a 2% net smelter royalty and has the right to purchase all of the nickel, copper and platinum extracted from the four claims.

Geological data suggests to the company that the nickel-copper-platinum bearing system of the B20 property continues through the new claims.

Earlier this year, a 1,500-metre drill program returned encouraging results from the B20 project. Testing a series of geophysical anomalies, the drill holes intersected multiple horizons of mineralized pyroxenite over a distance of more than 1 km. Highlights from the drilling include:

• Hole 4 — 0.43% Nickel over 12.7 metres,
• Hole 6 — 0.33% Nickel over 30.1 metres and 0.22% Nickel over 53.2 metres,
• Hole 7 — 0.33% Nickel over 12.2 metres, and
• Hole 10 — 0.66% Nickel over 3.9 metres.

Mineralization occurs as disseminations and as layers of massive sulphides separated by thin unmineralized horizons.

Appalaches is also exploring the adjacent Baie des Sables property with Marum Resources (MMU-V). The partners have outlined a large alteration system that lies along the north and east edges of the Pentecote River anorthosite intrusion. A drill program is being planned for this winter.