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Nunavik Nickel Project Exploration Update: New Mineralization Discovered; High-Grade Massive Sulphides Intersected at Cominga
MONTREAL, Nov. 20 /CNW Telbec/ - Canadian Royalties Inc. (TSX: CZZ) is pleased to announce the di...
About this update from Cleghorn Minerals Ltd.
[{"type":"text","content":"\n\n\n\nMONTREAL, Nov. 20 /CNW Telbec/ - Canadian Royalties Inc. (TSX: CZZ) is\npleased to announce the discovery of a new zone of Nickel-Copper-PGE (platinum\ngroup element) mineralization on the Cominga grid, located 5 kilometres west\nof the Expo complex. Highlights of the program include high-grade\nmineralization intersected in hole CMG-08-33, which ran 1.44% Nickel, 1.95%\nCopper, 0.39 g/t Platinum and 1.43 g/t Palladium over 1.90 metres.\n\n\nMineralization at "Cominga East" was discovered by diamond drilling a 200\nx 300 metre Maxwell conductive plate model derived from data obtained from a\nrecently completed SQUID (Super-Conducting Quantum Interference Device; for\nmeasuring the magnetic B-field) time-domain EM survey. The conductor obtained\nwas indicative of a sulphide source and the 30degrees south-dipping modelled\nplate occurs in a large area east of most near-surface historical drilling at\nan average depth of 225 metres.\n\n\nThe recently completed three-hole, wide-spaced drill program tested the\nCominga East plate model and returned massive and vein-type sulphide\nmineralization at the contact between the Expo Intrusive Suite and footwall\nNuvilik sediments at vertical depths in excess of 200 metres. The detection by\ngeophysics and 3D modelling of data that resolved a sulphide-caused anomaly at\nmoderate depths, and its confirmation by diamond drilling, is considered by\nthe company to be a resounding technical success.\n\n\nTable 1 - Cominga East Composite Assays\n\nHole From To Width Ni Cu Pt Pd\nNumber (m) (m) (m) (%) (%) (g/t) (g/t)\n------------------------------------------------------------------------\nCMG-08-32 247.60 247.15 1.55 1.31 1.88 0.52 2.02\n------------------------------------------------------------------------\nCMG-08-33 259.10 261.00 1.90 1.44 1.95 0.39 1.43\n------------------------------------------------------------------------\nCMG-08-34 247.25 248.00 0.75 0.23 1.19 0.06 0.51\n------------------------------------------------------------------------\n\n\nTable 2 - Cominga East Drillhole Locations\n Final\nHole Easting Northing Azimuth Dip Depth\nNumber (UTM NAD83, Zone 18) (o) (o) (m)\n------------------------------------------------------------------------\nCMG-08-32 579203E 6824066N 334.0 -68 300.00\nCMG-08-33 579203E 6824066N 334.0 -80 309.00\nCMG-08-34 579203E 6824066N 3...