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Harfang Acquires a Cu-Ni-Pt-Pd Mineral Property at Lake Aulneau, Nunavik (Québec)
MONTREAL, May 23, 2018 (GLOBE NEWSWIRE) -- Harfang Exploration Inc. (“Harfang” or the “Company”) (TSX-V:HAR) is pleased to announce the acquisition of 132 minin
About this update from Harfang Exploration, Inc.
[{"type":"text","content":" MONTREAL, May 23, 2018 (GLOBE NEWSWIRE) -- Harfang Exploration Inc. (“Harfang” or the “Company”) (TSX-V:HAR) is pleased to announce the acquisition of 132 mining claims (Lake Aulneau Property) located in the Labrador Through (Nunavik, Québec). The property encompasses 6 copper (Cu), nickel (Ni), platinum (Pt) and palladium (Pd) prospects and showings, namely Marymac I, Lepage, Island, Redcliff, Float, and Nine South. The entire property staked by map designation covers 6,202 hectares and is 100%-owned by Harfang. The property is located 125 km south of Kuujjuaq and 265 km north of Schefferville. Mainly focused on gold exploration in Eeyou Istchee James Bay, Harfang acquired the property as part of its diversification program both in terms of geographical regions and commodities. Historical resources were published in previous exploration reports for 4 of the previously-mentioned mineralized occurrences. They include 1,088,000 Mt @ 2.02% Cu, 0.45% Ni, 1.0 g/t Pt and 3.1 g/t Pd for the Lepage and Island zones combined, 1,068,000 Mt @ 2.09% Cu and 0.51% Ni for the Redcliff prospect, and 133,000 Mt @ 2.10% Cu and 0.43% Ni for the Float prospect (Figure 1 attached). These estimates are treated as historic information and have not been verified by the Company. These are considered historical Mineral Resources and do not refer to any category of sections 1.2 and 1.3 of the NI-43-101 Instrument such as Mineral Resources or Mineral Reserves as stated in the 2014 CIM Definition Standards on Mineral Resources and Mineral Reserves. The explanation lies in the inability by the Company to verify the data acquired by the various historical drilling campaigns and other sampling works. The qualified person has not done sufficient work yet to classify the historical estimates as current Mineral Resources or Mineral Reserves. The Company is not treating these historical estimates as current mineral resources. These resources were calculated from diamond drillholes completed in the 1970’s and 1980’s. Anomalous gold and silver values are locally associated to Ni-Cu-Pt-Pd occurrences. The Labrador Through is known to host significant Cu-Ni-Pt-Pd lenses associated to mafic and ultramafic sills emplaced in the Murdoch Formation. Most of the mineralization on the Lake Aulneau Property, which shares similarities to the geological setting at the Rag...