Following up on previous encouraging results Canadian Royalties (CZZ-V) has begun a program of field work on the Expo-Ungava copper-nickel deposit in Quebec.
Earlier this summer, the company took a closer look at some assay pulps from holes drilled by a previous operator. Of 65 samples from holes 1, 2 and 3, 56 returned combined platinum and palladium (PGM) values of greater than 1 gram per tonne, plus copper and nickel values.
Hole 4, which returned similar results, extended mineralization another 122 metres to the east. Together with the previous data, these results indicate that the rock that carries platinum values has a thickness ranging up to 64.6 metres along a 365.8-metre strike length.
The current program will focus on further resampling of drill core from previous drilling. Since the 1950s, up to 30,000 ft. of core have been drilled.
The company also plans mapping, sampling and grid planning on similar peridotite-hosted nickel-copper occurrences across the 36-km-long property. A number of the occurrences returned higher base metal values than the Expo-Ungava deposit and remain untested for platinum group metals.
Based on about 9,500 metres of drilling, the Expo-Ungava deposit’s proven and probable resources were calculated at 4.2 million tons grading 0.75% nickel and 0.85% copper. The deposit is essentially flat-lying and the outlined resources extend from surface to a depth of approximately 140 metres.
The 173-sq.-km Expo-Ungava property is about 15 km south of Falconbridge‘s (FL-T) Raglan nickel mine. Previous work by Amax in the 1960s focused on exploration for nickel and copper and established resources of 19 million tonnes grading 0.47% nickel and 0.51% copper.
The property extends along a favourable ultramafic horizon, which hosts at least eight separate, partially evaluated copper-nickel mineralized zones.
Canadian Royalties can earn up to an 80% interest in the property and a 2% net smelter return royalty from Ungava Minerals (UNGV-C).
About 8 km away, the company plans a program of gridding, geological mapping, ground geophysical surveys and sampling on the wholly owned Phoenix prospect. This is a gossan which is adjacent to a 1.8-km-long airborne magnetic and electromagnetic anomaly. Previous sampling returned up 0.4 gram platinum, 3.7 grams palladium and 2.6% copper. Higher PGM values appear to correlate to higher copper values.
Phoenix lies in the same ultramafic sequence that hosts the Expo-Ungava deposit.
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