Vancouver — Already exploring the Dundonald nickel property, junior Hucamp Mines (YHU-V) has inked a deal to earn 100% of the Hart nickel-platinum-palladium project in northern Ontario.
The property is located 28 km southeast of Timmins and lies along strike of the past-producing Langmuir No. 2 and Redstone nickel mines. It was subjected to limited drilling in the 1960s.
The best results came from hole 64-5, which returned 4.6 metres grading 2.1% nickel. The zone is described as classically komatiite-hosted. Mineralization occurs as massive and net-textured nickel-bearing sulphides associated with apparent thermal erosion embayments along the footwall contact of a komatiitic peridotite.
Several additional zones of disseminated sulphides were intersected within the peridotite above the footwall contact.
Previous work on the property failed to evaluate the platinum-palladium potential. Hucamp intends to reevaluate the previous geophysical data and mechanically strip the main mineralized zone.
To earn a 100% interest in the property, Hucamp must make cash payments of $110,000 and issue 100,000 shares over four years.
Moving 40 km northeast of Timmins, Hucamp is exploring both the Alexo and Dundonald properties under option deals with Outokumpu and Falconbridge (FL-T).
Previous work on these properties concentrated on their potential for nickel-copper deposits, but the recent work has been spurred by increases in the prices of platinum group metals.
Recent stripping over the previously drilled Dundonald Beach zone yielded channel samples with average grades of 4.82% nickel and 1.37 grams combined platinum and palladium.
The zone is part of the Dundonald South nickel deposit, which has a resource (calculated by Falconbridge Nickel in the 1970s) of 500,000 tonnes grading 1.5% nickel down to a vertical depth of 150 metres.
Under the agreement with Falconbridge and Outokumpu, the junior must spend $1 million by the end of September.
Be the first to comment on "Hucamp adds ground in Ontario"