Nuinsco Resources (NWI-T) has completed an initial 10-hole diamond drilling program at its Lac Rocher nickel-copper property, situated about 120 km north of Matagami, Que.
The program was designed to test a 50-metre portion of a 1-km-long, induced-polarization anomaly.
The Toronto-based junior reports that seven holes intersected disseminated nickel-copper mineralization in a noritic phase of a layered mafic-ultramafic intrusion hosted by biotite gneiss. Sulphide mineralization consists of pyrite, pyrrhotite, chalcopyrite and pentlandite.
Drilling has shown that the intrusion appears to be at least 150 metres wide, elongated in a northwest-southeast direction and plunging to the southeast at a shallow angle.
The best result came from hole 9, which graded 0.5% nickel and 0.22% copper over 102 metres. As well, anomalous values of platinum, palladium, cobalt and gold were found in all holes.
Nuinsco plans more drilling in order to test the mineralized body along strike and at depth, as well as geophysical surveying to search for more regional targets.
Earlier this year, Nuinsco acquired a 100% stake in the Lac Rocher prospect from local prospectors for $25,000 cash plus a commitment to spend $50,000 on exploration during the first year. Upon production, the prospectors are entitled to a payment of 50,000 Nuinsco shares and a production royalty of 50cents per ton of mined and milled ore.
The original 320-ha property has been expanded to 3,152 ha.
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