Resource drilling at the Lac Mequillon nickel-copper deposit in the Nunavik district of far northern Quebec has now established a minimum 1,100-metre strike length on the mineralized zone.
A 19-hole program by owner Canadian Royalties (CZZ-T) to investigate the northeastern extension of the zone encountered mineralization with grades comparable to the present resource grades along grid sections 300E and 250E. (The grid easting at Mequillon is northeast.) Previous drilling had established the strike of the deposit out to 350E.
The best intersection on line 250E graded 0.46% nickel, 0.66% copper, 1.7 grams palladium and 0.4 gram platinum per tonne, with gold and cobalt credits. Other holes on the same section ran slightly lower grades over 30- to 35-metre intersections.
Another 50 metres to the northeast, one hole on section 300E ran 1.02% nickel, 1.32% copper, 3.6 grams palladium and 0.8 gram platinum per tonne over a 57.7-metre core length. A second hole averaged 0.72% nickel, 1.61% copper, 2.5 grams palladium and 0.6 gram platinum over 54.1 metres, with a separate 22-metre interval averaging 0.76% nickel, 1.15% copper, 2.5 grams palladium and 0.5 gram platinum per tonne. Al the intersections also carried cobalt and gold.
Assay results from eight more holes, all drilled to the northeast of section 300E, are pending. Once those are available, Royalties plans to calculate a new resource estimate for Mequillon.
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