BHP Billiton Diamonds, a unit of BHP Billiton (BHP-N) plans to drill geophysical anomalies on the Stephens Lake nickel project 100 km east of Gillam in Manitoba.
The property is optioned from ValGold Resources (VAL-V), Cream Minerals (CMA-V), and Sultan Minerals (SUL-V), each of which owns equal proportions.
BHP has chosen six high priority targets that it will begin drilling in January. An aeromagnetic survey was flown in March; specific anomalies were then tested using a helicopter-borne vertical transient electromagnetic survey.
Two distinct anomaly-types have been selected for drilling: coincident linear electromagnetic and magnetic anomalies, and isolated intrusive-like magnetic anomalies. One of the isolated anomalies is along a dyke.
Two of the holes will target anomalies on the adjacent Big Claim property. The Stephens Lake property is 75 km long. Supplies will be transported to the site via a winter road that extends east of Gillam.
BHP has an option to earn an initial 51% interest in the 1,700-sq.-km property.
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