Channel sampling by
Mechanical stripping east and west of the old mine works exposed massive, net-textured and disseminated nickel, copper and PGE sulphides along 100 metres of strike length.
East of the old workings, a zone of heavy sulphide mineralization averaging more than 2 metres in thickness was exposed over the entire 25-metre-long stripped area. The mineralization disappears under thicker overburden toward the east. Channel sampling returned 1.77-6.4% copper and 0.72-3.33 grams combined platinum and palladium per tonne over widths ranging from 0.1 to 4.3 metres. Copper values were generally less than 0.3%.
On the other side of the mine, a 75-metre-long stripped area exposed net-textured and disseminated sulphides with lenses of massive sulphides associated with secondary embayments along the footwall contact. Nickel values came in at 1.1-5.26%; combined platinum and palladium, at 0.49-1.78 grams, whereas copper values were mostly under 0.3%.
Hucamp plans to drill-test the extent of the zones later this year. Drilling will focus on near-surface targets, in particular the down-trend extension of the massive sulphide lens east of the old workings.
During the First and Second World Wars, mining at Alexo focused on nickel and copper. Miners at the time avoided the net-textured material in favour of the massive sulphides.
Earlier this year, three holes previously drilled by Falconbridge were resampled. These generally returned less than half a gram each of platinum and palladium. The holes tested for extensions to a nickel-copper zone outlined in the Dundonald sill.
Even lower values were obtained from several historic holes drilled by Outokumpu Mines in a separate nearby nickel zone known as Kelex.
Under option deals from Falconbridge and Outokumpu, Hucamp can earn 65% interests in the Alexo and adjoining Dundonald properties by spending $8.8 million over several years. Both had been explored mainly for copper and nickel.
Be the first to comment on "Hucamp bullish on historic Alexo project"