Vancouver — An independent sampling program over the Nunavik copper-nickel property in northern Quebec has confirmed the presence of platinum-palladium mineralization in the Expo-Ungava deposit and identified four new targets.
Dr. James Mungell collected 54 grab samples and 81 previously drilled core samples from the property, which is held by Canadian Royalties (CZZ-V).
The results from the core samples showed comparable results to those tabled by the junior. Earlier this year, Canadian Royalties re-assayed three holes previously drilled on the Expo-Ungava zone.
Hole 1 returned weighted average assays of 0.36 gram platinum, 1.99 grams palladium, 0.7% copper and 0.71% nickel over a true thickness of 26.1 metres.
Hole 2, a 152-metre stepout east of hole 1, assayed 0.38 gram platinum, 1.66 grams palladium, 0.55% copper and 0.91% nickel over 17.7 metres.
Hole 3, which was drilled 244 metres east of hole 1, returned 0.42 gram platinum, 1.73 grams palladium, 0.75% copper and 0.66% nickel over 49.6 metres.
Sampling of nickel-copper mineralization identified in the 1960s resulted in the identification of four prospective target areas.
Some 3 km west of the Expo-Ungava zone, one sample from historic drill core assayed 1.44 grams combined platinum-palladium-gold and another assayed 1.06 grams combined platinum-palladium-gold.
In the Mequillon Lake area, eight of 15 samples returned greater than 1 gram combined platinum-palladium-gold, with a high value yielding 1.88 grams.
Some 10 km east of the Expo-Ungava zone, eight samples returned greater than 1 gram platinum-palladium-gold from the Mesamax showing.
The company also reports a grade of greater than 1 gram combined platinum-palladium gold from the Valliant Lake showing.
A prospecting and geophysical program is ongoing. The junior expects to have the drill turning in the next 10 days.
Canadian Royalties can earn up to an 80% interest in the 17.3-sq.km property by spending $1.7 million over four years and producing a feasibility study.
A 1969 assessment by Amax Exploration identified a 17.3-million-tonne resource grading 0.46% nickel and 0.51% copper.
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