McNickel cuts low grade nickel

Another series of holes completed 2,100 ft further south along the same trend. Assays from these holes are expected shortly. The total strike length of the zo ne is 10,000 ft of which only 25% has been drilled to date.

Values released by McNickel are well below the average nickel assay of 0.9% which was attained in a surface sample earlier this year. The majority of the rece nt results came in well under this figure around the 0.3%-0.5% range. Typical ho les include 1.27 m grading 0.32% nickel and 0.13% copper, 3.97 m assaying 0.28% nickel and 0.18% copper and 3.17 m grading 0.64% nickel and 0.26% copper.

Other holes included 9 m grading 0.56% nickel and 0.18% copper and 6.77 m assaying 0.58% nickel and 0.54% copper.

Wider sections of lower grading material were intersected in most of the holes , the company says. Several include 16 m grading 0.33% nickel and 0.15% copper, 19 m assaying 0.28% nickel and 0.13% copper and 24.5 m grading 0.18% nickel and 0.08% copper.

Based on the drilling completed, the company says it is apparent that the property covers a very extensive nickel and copper-bearing sulphide sys tem. Sulphide s consist of pyrrhotite, pentlandite, chalcopyrite and pyrite near the western m argin of a large anorthosite intrusive body. Preliminary indications suggest the sulphides are centered within a 200-ft thick zone dipping at 25 degrees to the east. Other deeper zone may be present or the main zone is faulted at depth, NcN ickel says.

The mineralization varies from disseminated and stringer type to massive sections which are comprised entirely of sulphides. More massive sectio ns average 0.8 % to 1.2% nickel. Copper content appears less related to sulphide concentrations.

Based on the results, McNickel says its objectives are to determine the distribution of zones of sulphide concentration within the deposit. Structural interpr etaion is complicated by faulting.

A series of drill holes have also been laid out to test the more massive sections of the sulphide zone. This program is being guided by electromagnetic survey data which has been responsive in outlining the sulphide zone. This program should be completed by late September, the company says.

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