Vancouver – Junior Aurora Platinum (ARP-V) has cut mineralization at depth on the #6 zone on its Midrim nickel-copper-platinum-palladium property in Quebec.
Hole 76 hit the north limb of a folded gabbro sequence some 700 metres northeast of the Lac Croche mineralized zone. Returning 0.8% nickel, 1.2% copper, 0.4 gram platinum and 1.1 gram palladium per tonne over 7.7 metres from 200.1 metre down-hole, the mineralization appears to be hosted in the same horizon as the Lac Croche zone. A previously reported hole drilled into the western edge of the Lac Croche area returned 27 metres grading 0.61% copper, 0.43% nickel, 0.02% cobalt, 0.22 gram platinum and 0.57 gram palladium, starting at 23 metres down-hole. Included in this interval was a higher-grade section assaying 1.7% copper, 1.09% nickel, 0.03% cobalt, 0.64 gram platinum and 1.36 grams palladium. The new drill intercept gives the #6 zone a potential strike length of 1 km.
A newly completed airborne magnetics/electromagnetics survey has outlined 36 significant conductors on the property. Several of these occur along the gabbro horizon hosting the deep mineralization at Midrim. The #6 – Lac Croche trend is now being considered a priority drill target by Aurora.
Located 20 km northeast of Ville-Marie, in Tmiscamingue Cty., the property was drilled in the 1960s but never systematically explored for platinum and palladium. The property includes the Midrim, Midrim West and Lac Croche nickel-copper-platinum-group-metal prospects.
Mineralization consists of disseminated-to-massive sulphides enriched in platinum group metals hosted by gabbroic sills intruded into a mainly felsic volcanic assemblage in the westernmost part of the Belleterre-Angliers greenstone belt.
Aurora can earn an initial 70% interest by spending $1.2 million on exploration, paying $200,000 in cash and issuing $200,000 worth of shares over three years.
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