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Nunavik Nickel Project Exploration Update: New Zone of High-Grade Massive Sulphides Intersected at Giraffe
MONTREAL, Oct. 17 /CNW Telbec/ - Canadian Royalties Inc. (TSX: CZZ) ("Canadian Royalties" or the ...
About this update from Cleghorn Minerals Ltd.
[{"type":"text","content":"\n\n\n\nMONTREAL, Oct. 17 /CNW Telbec/ - Canadian Royalties Inc. (TSX: CZZ)\n("Canadian Royalties" or the "Corporation") is pleased to announce the\ndiscovery of a new high-grade Nickel-Copper-PGE (platinum group element)\nshowing on its 100% owned Giraffe property, located in the eastern portion the\nextensive Nunavik Nickel land package. High-grade sulphides were intersected\nin two (2) near-surface holes including GRN-08-05, which returned 1.80 metres\nof mineralization that ran 5.22% Nickel, 0.32% Copper, 2.30 g/t Platinum and\n5.58 g/t Palladium within a 6.25 metre zone grading 2.44% Nickel, 1.01%\nCopper, 1.02 g/t Platinum and 3.09 g/t Palladium.\n\n\nThe Giraffe property harbours at least three (3) large outcropping\nultramafic intrusions: The F1 intrusion with 3.4 kilometres of strike length;\nthe 2.7 kilometre long F2 intrusion; the G1 (Giraffe) intrusion with\n2.6 kilometres of exposed strike length, with a further possible 1.4\nkilometre-long buried northeast extension. The "Gurn" showing, located along\nthe F2 intrusion, was discovered during drill follow-up of a geophysical\ntarget on the Giraffe North grid.\n\n\nOver a sixty kilometre strike length, eight (8) deposits and numerous\nshowings have been discovered or expanded since exploration by Canadian\nRoyalties began in 2001. The results obtained at "Gurn" demonstrate clearly\nthat the multiple and voluminous Giraffe ultramafic intrusions are indeed\nfertile and that magmatic sulphide accumulations could be present elsewhere on\nthis little-worked property, located twenty kilometres east of previous\ndiscoveries.\n\n\nTable 1 - Gurn Showing Composite Assays\n\nHole From To Width Ni Cu Pt Pd\nNumber (m) (m) (m) (%) (%) (g/t) (g/t)\n-------------------------------------------------------------------------\nGRN-08-04 42.20 46.00 1.80 0.14 1.74 0.41 3.04\n and 67.15 68.80 1.65 2.64 0.87 0.55 3.37\n-------------------------------------------------------------------------\nGRN-08-05 86.30 92.55 6.25 2.44 1.01 1.02 3.09\nincluding 89.50 91.30 1.80 5.22 0.32 2.30 5.58\n-------------------------------------------------------------------------\nGRN-08-06 to 09, 12 No significant results\n-------------------------------------------------------------------------\n\nTable 2 - Gurn Showing Drillhole Locations\n\nHole Easting Northing Azi...