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Nunavik Nickel Project Exploration Update: Crews to Mobilize to Site June 30th; 25,000 Metres of Drilling Planned
MONTREAL, June 19 /CNW Telbec/ - Canadian Royalties Inc. (TSX: CZZ) today announced that explorat...
About this update from Cleghorn Minerals Ltd.
[{"type":"text","content":"\n\n\n\nMONTREAL, June 19 /CNW Telbec/ - Canadian Royalties Inc. (TSX: CZZ) today\nannounced that exploration crews will mobilize to the site on June 30th, where\nthree new Duralite heli-portable drills are being delivered. The three new\ndrills replace rigs that have outlived their service lives and have\nsignificant depth capacity in both BQ and NQ core sizes. Approximately\n25,000 metres of diamond drilling is planned using an average of four (4)\ndrill rigs.\n\n\nThe company is also pleased to announce that it has successfully and\nconclusively detected the Allammaq deposit using advanced electromagnetic\ngeophysical techniques (SQUID sensors). A production SQUID survey between the\nAllammaq and Mesamax deposits, commenced earlier this winter, is nearly\ncomplete with several anomalies of merit already identified. Furthermore,\nSQUID surveying will continue at other select target locations over the course\nof the summer. All valid targets generated will be drill tested.\n\n\nThe exploration program is designed to explore for new resources having\nthe greatest potential to impact the project while at the same time supporting\nmine development activities. The principal objectives of the 2008 program are\nas follows:\n\n\n- Evaluate and drill test selected "grass-roots" exploration targets on\n 100% Canadian Royalties-owned eastern properties.\n- Delineate extensions of the Allammaq deposit; perform infill drilling\n to upgrade resource classifications.\n- Fully delineate the Puimajuq discovery and perform a resource estimate.\n- Continue SQUID geophysical surveys during the summer.\n- Drill test geophysical anomalies and conceptual geological targets.\n- Infill drilling to confirm and add to reserves within specific mining\n envelopes.\n- Drill test for deeper deposit extensions (Mesamax).\n- Support the development of the Nunavik Nickel Project.\n\n\nQualified Persons\n\n\nW. Grant Arnold (P.Geo.), Vice-president Exploration for Canadian\nRoyalties Inc., is a Qualified Person in accordance with National Instrument\n(NI) 43-101, and is responsible for the geological information presented in\nthis news release.\n\n\nAbout Canadian Royalties and the Nunavik Nickel Project\n\n\nCanadian Royalties has initiated the development of an independent,\nstand-alone nickel-copper mine on its Nunavik Nickel project, located\n20 k...