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Huntsman Fulfills Requirements, Exercises Option on Canegrass Nickel Sulphide Project, Western Australia
VANCOUVER, BC / ACCESSWIRE / April 13, 2021 / Huntsman Exploration Inc. (TSX.V:HMAN)(OTC PINK...
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[{"type":"text","content":"Huntsman Fulfills Requirements, Exercises Option on Canegrass Nickel Sulphide Project, Western AustraliaVANCOUVER, BC / ACCESSWIRE / April 13, 2021 / Huntsman Exploration Inc. (TSX.V:HMAN)(OTC PINK:BBBMF) (the \"Company\" or \"Huntsman\") is pleased to announce that it has completed the final requirements under the option agreement with Trafalgar Resources Pty Ltd and has exercised the option on the Canegrass Mineral Exploration Tenement. The Company now owns an undivided 100% interest in the Tenement.Huntsman awaits the results of the final 3 holes of diamond core drilling at Canegrass and is nearing completion of the downhole EM and surface MLEM surveys, which is being conducted property wide at the Canegrass project. Results from these surveys, in conjunction with the compilation of final assays will allow detailed planning for Phase II drilling. All drill campaigns executed by Huntsman to date have been successful when using the combination of EM geophysics and drill hole assay results from neighboring mineralized lenses.Peter Dickie, President and CEO for Huntsman, commented \"I look forward to discussing the recently announced results from our drilling at Canegrass. We are very pleased with the assays, in particular when correlated with the results from 2018. Together, the results of both programs are confirming our belief in the blue-sky potential of this asset. Our exercising of the option, providing a 100% ownership will allow certainty moving forward as we continue to develop this project.\"The following summary encapsulates the Company's positive outlook on the Canegrass project.Phase I Highlights include: From prior EM surveys a total of 9 targets warranted drill testing and were the focus of the Phase I drilling campaign (Figure 2).Phase I included 16 holes, 12 RC and 4 diamond were drilled (Table 1).Phase I 2021 Diamond Drillhole BBDD009 at Tulloch was designed to test the mineralized zone at depth and was collared 55 m west of 2018 drillhole BBDD002, which intersected: 4.9 m of 1.33% Ni, 1.26% Cu and 0.1% Co. Drillhole BBDD009 results confirm 41.1 m of favourable host rock with 2 distinct mineralized horizons. (Figure 4).The first intercept started at 278.9 m and included higher-grade intervals of1 m @ 2.8% Ni, 0.1% Cu, 0.15% Co 0.11 g/t Pt and 0.21 g/t Pd, 0.7 m @ 2.3 % Cu, 0.5% Ni, 0.04% Co, 0.33 g/t Pt and 0.04...