Vancouver —
A stepout hole in the West zone intersected three sulphide lenses within a 25-metre interval. The hole was testing the downdip extension of the zone’s mineralized horizon, which was intersected last year.
The West zone hosts an inferred resource of 55.14 million tonnes grading 0.95% copper, 0.59% nickel and 0.065% cobalt, plus 1.35 grams palladium and 0.23 gram platinum per tonne, using a cutoff grade of 1% copper-nickel.
Hole 105A was collared 100 metres northwest of previously reported holes 91 and 104 and 200 metres west of holes 84 and 99. These holes intercepted 20.8, 14.4, 45.9 and 31.9 metres of sulphide mineralization, respectively.
In hole 105A, three distinct massive sulphide lenses were intercepted over a 25.7-metre interval between 799.28 and 824.98 metres downhole. The hole was completed to a total depth of 971 metres and intersected 6.6 metres grading 1.49% copper, 0.91% nickel, 0.118% cobalt, 2.17 grams palladium and 0.45 grams platinum per tonne starting at 799.3 metres down-hole. This included a 4.9-metre interval that averaged 1.33% copper, 1.03% nickel, 0.116% cobalt, 2.34 grams palladium and 0.49 gram platinum.
Farther down at a depth of 809.4 metres, the hole cut 2.2 metres averaging 1% copper, 1.09% nickel, 0.109% cobalt, 3.18 grams palladium and 0.53 gram platinum.
Another interval, in the same hole, was cut at a downhole depth of 821.8 metres. This 3.15-metre section averaged 1.2% copper, 1% nickel, 0.107% cobalt, 2.78 grams palladium and 1.06 grams platinum. Included was a 1-metre interval of 1.23% copper, 1.04% nickel, 0.11% cobalt, 3.32 grams palladium and 2.6 grams platinum.
The second stepout hole, no. 112, was sunk 800 metres west of hole 101. Hole 112 cut the target horizon at a drill depth of 1,321 metres. Assays are pending.
Additional drilling is attempting to delineate the shallow eastern portion of the West zone as part of a 22-hole program designed to identify a potential open-pit resource. Mineral resources for the eastern shallower part of the West zone are based mainly on 50 holes. The area hosts a resource containing 8.1 million tonnes grading 1.07% copper, 0.83% nickel, 1.53 grams palladium and 0.2 gram platinum per tonne using a cutoff grade of 1.5% copper-nickel. This resource includes 2.5 million tonnes of 1.18% copper, 1.04% nickel, 1.78 grams palladium and 0.29 gram platinum at a 2% copper-nickel cutoff.
Results from infill holes 113, 114 and 115, in the eastern part of the West zone, are as follows:
r Hole 114 intersected 5.26 metres of 0.33% copper, 0.43% nickel, 0.05% cobalt, 0.91 gram palladium and 0.04 gram platinum starting at 11 metres down-hole. This included a 1.49-metre section of 0.42% copper, 0.45% nickel, 0.055% cobalt, 0.99 gram palladium and 0.07 gram platinum. At a depth of 22.12 metres, the hole cut a 14.44-metre section of 0.99% copper, 0.64% nickel, 0.078% cobalt, 1.54 grams palladium and 0.21 gram platinum, including a 7-metre interval of 0.97% copper, 0.84% nickel, 0.105% cobalt, 1.82 grams palladium and 0.29 gram platinum.
r Hole 115 intersected 7.33 metres grading 1% copper, 0.19% nickel, 0.028% cobalt, 0.53 gram palladium and 0.11 gram platinum starting at 105.34 metres downhole. This included a 3.48-metre section that averaged 1.83% copper, 0.25% nickel, 0.033% cobalt, 0.76 gram palladium and 0.12 gram platinum. At a depth of 129.32 metres, the hole cut 4.45 metres averaging 0.52% copper, 0.21% nickel, 0.03% cobalt, 0.92 gram palladium and 0.15 gram platinum. Two more intervals were cut at 152.4 and 158.6 metres down-hole, respectively. The first interval cut 2.19 metres grading 0.09% copper, 0.11% nickel, 0.016% cobalt, 1.79 grams palladium and 1.35 grams platinum. The second interval cut 6.05 metres averaging 0.31% copper, 0.42% nickel, 0.054% cobalt, 1.31 grams palladium and 0.09 gram platinum.
r Hole 113 was drilled above the zone and failed to intersect mineralization.
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