Acquisition of McGregor Lake Palladium, Platinum, Gold property in Western Nunavut

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[{"type":"text","content":"Acquisition of McGregor Lake Palladium, Platinum, Gold property in Western Nunavut\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver, British Columbia -\n \n \n TheNewswire -\n \n \n November 12, 2020 - Bathurst Metal Corp.\n \n \n (\n \n \n TSXV:\n \n \n BMV.H\n \n \n )\n \n \n (\"\n \n \n Bathurst\n \n \n \" or the \"\n \n \n Company\n \n \n \") is pleased to announce the\nacquisition of the McGregor Lake Project by the physical staking of 11\nmineral claims covering 13,125 Ha. The company's 100% owned property\nis approximately 100 km south of Kugluktuk in Nunavut. Company\nPresident and CEO, Harold Forzley states \"This is a significant\naddition to our land holdings in Western Nunavut. We look forward to\nexpanding upon the historical surface and diamond drill\nsamples\"\n \n \n \n \n McGregor Lake Pt/Cu/Ni/Pd/Au Project\n- Nunavut\n \n \n \n \n The company has acquired a100% interest by staking 11\nmineral claims covering approximately 13,125 Ha covering the southern\nexposure of the Proterozoic, Layered Muskox Ultramafic Intrusive\n(LMUI) in western Nunavut.\n \n \n \n \n The LMUI outcrops over 80 kilometres along strike and\ncould be one of the largest layered, ultramafic complexes in the world\nbased on regional airborne surveys. The region has received only\nsporadic, systematic exploration since its first discovery and\nexploration by Inco in the late 1950's. Additional systematic\nexploration was not conducted again until the 1980's and in 1999 to\n2007. Several geochemical, geophysical, geological mapping and limited\ndiamond drilling has been undertaken on the property. These studies\nhave been able to define at least two sulphide pulses associated with\nthe emplacement of the LMUI. These pulses both contain high nickel and\ncopper concentrations with associated precious metals.\n \n \n \n \n Listed below are some of the more significant\nhistorical precious metal assay results from rock sampling to\ndate.\n \n \n \n \n Historical Surface Chip Sampling\n \n \n \n McGregor Lake Area\n \n \n \n \n \n Pd\n \n \n \n \n Pt\n \n \n \n \n Au\n \n \n \n \n Length\n \n \n \n \n \n \n \n g/tonne\n \n \n \n \n \n \n g/tonne\n \n \n \n \n \n \n g/tonne\n \n \n \n \n \n Metres\n \n \n \n \n \n \n 126.59\n \n \n \n \n 11.52\n \n \n \n \n 5.60\n \n \n \n \n 0.76\n \n \n \n \n \n \n 28.30\n \n \n \n \n 3....

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