High-grade nickel intersections in holes testing the northeastern extension of the Lac Mequillon deposit, in the Nunavik region of Quebec, have traced the deposit 1,000 metres along strike.
Operator
Hole 58 intersected 126 metres of sulphide mineralization with average grades of 0.58% nickel, 0.88% copper and 0.03% cobalt, plus 0.46 gram platinum, 2.09 grams palladium and 0.15 gram gold per tonne. Included in that interval was a higher-grade interval of 11 metres that ran 1.82% nickel, 1.51% copper, 0.07% cobalt, 1.17 grams platinum, 6.41 grams palladium, and 0.14 gram gold.
Drilled from the same collar, hole 57 cut a 25-metre length of sulphides grading 0.45% nickel, 0.98% copper, 0.02% cobalt, 0.34 gram platinum, 1.54 grams palladium, and 0.08 gram gold per tonne. The style of mineralization on the northeastern extension was similar to other mineralized intersections at Mequillon. Canadian Royalties believes the mineralized zones have true widths over at least 70% of the intersected core length, suggesting, for example, that the 126-metre zone cut in hole 58 is at least 88 metres wide.
Also, holes 500-600 metres northeast of the defined resource intersected significant grades over wide intervals. Hole 42, collared 600 metres northeast of the proposed pit, intersected 69.8 metres grading 0.54% nickel, 0.77% copper, 0.03% cobalt, 0.48 gram platinum, 1.8 grams palladium, and 0.15 gram gold per tonne. Hole 41, drilled from the same collar, cut a 6.2-metre zone of sulphides with grades of 0.59% nickel, 0.89% copper, 0.03% cobalt, 0.43 gram platinum, 1.91 grams palladium, and 0.21 gram gold.
An updated resource estimate is planned, and metallurgical tests on mineralization from Mequillon and two nearby deposits, Mesamax and Expo-Ungava, are ongoing.
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