Falco appointee shows importance of Ungava nickel

The high grade Ungava nickel properties held directly and indirectly by Falconbridge Ltd. are becoming of increasing importance following the surge in nickel prices. In a move seen as an effort to further evaluate the deposits, Falcon bridge has appointed Frank R. Hassard as project manager for the Ungava nickel belt, located in remote northern Quebec.

Falconbridge’s most important interest is held via its 73.8%-owned affiliate New Quebec Raglan Mines, which controls several deposits hosting 12 million tons grading 3.11% nickel and 0.79% copper, in addition to appreciable platinum group metal values. At the beginning of the year, The Northern Miner estimated that the Raglan reserves have a gross value of more than $360 per ton (N.M., Jan 18/88).

The company plans to carry out additional exploration in the area this year which will aid in evaluating the viability of placing the property into production.