Vancouver — Operator Aurora Platinum (ARP-V) has cut a kimberlite body on the Belleterre property in Quebec while drill-testing a magnetic geophysical anomaly for potential nickel-copper-platinum-palladium mineralization.
Hole BT-44 targeted a circular magnetic feature measuring 200 metres in diameter. The hole cut 85 metres of kimberlite from surface. The body is reported as a xenolith-rich diatreme facies kimberlite breccia. Indicator mineral and microdiamond analysis is under way.
The 2,880-ha property is underlain by a suite of gabbro and ultramafic rocks that host several nickel-copper-platinum-palladium prospects, including Alotta, Delphi, Patry and Duchesne.
Aurora can earn a 70% stake by paying $125,000 in cash, issuing $350,000 in shares and spending $1.5 million on exploration over four years. The property is subject to an underlying 2.5% net smelter royalty (NSR). Aurora has the right to buy back 1.5% of the NSR for $1.5 million.
The drill rig has been moved back to the adjacent Midrim property. At last count, drilling at the Main Midrim zone has cut nickel-copper-platinum-palladium mineralization over a 300-metre strike length. A more deeply seated mineralized zone has been hit 200 metres to the northwest.
The 600-ha Midrim property, though drilled in the 1960s, was never systematically explored for platinum and palladium. It includes the Midrim, Midrim West and Lac Croche nickel/copper/platinum-group-metal prospects.
Mineralization at the Midrim prospect consists of disseminated-to-massive sulphides enriched in platinum group metals which are hosted by gabbroic sills intruded into a mainly felsic volcanic assemblage in the westernmost part of the Belleterre-Angliers greenstone belt.
Aurora can earn an initial 70% interest by spending $1.2 million on exploration, paying $200,000 in cash and issuing $200,000 worth of shares over three years.
Be the first to comment on "Kimberlite cut at Belleterre"