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Mosaic Minerals Intersects 135 Meters Grading 0.34% Nickel on Gaboury Including 0.48% Nickel on 33 Meters
MONTREAL, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Mosaic Minerals Corporation (CSE: MOC) (“Mosaic” or “The Company”) announces part of the results of the work program
About this update from Mosaic Minerals Corp
[{"type":"text","content":" MONTREAL, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Mosaic Minerals Corporation (CSE: MOC) (“Mosaic” or “The Company”) announces part of the results of the work program consisting of eight drill holes for a total of 2,484 meters on the Gaboury project. Highlights (see map 1): GA-23-23 intersects 135 meters at a grade of 0.34% Ni including 33 meters at a grade of 0.48% Ni GA-23-26 intersects 206.7 meters at a grade of 0.23% Ni including 30 meters at a grade of 0.35% Ni as well as 18.0 meters at a grade of 0.40% Ni GA-23-24 reveals 61.5 meters at a grade of 0.22% Ni including 33.0 meters at a grade of 0.26% Ni GA-23-16 and GA-23-20 confirm the nickel potential of the East Pike zone by intersecting ultramafic units with thicknesses varying from 45.0 to 84.0 m (analyses in progress). The drilling program completed in recent weeks is described as a success by The Company’s management since it made it possible to test the potential of the main nickel showings: Pike West, Pike Center, and Pike East and to confirm its nickel potential over a length of more than 4.5 km. The presence of zinc, cobalt, copper, and gold is also noted in this geological environment associated with several high intensity magnetic anomalies. Table 1 – Analysis Results Hole From (m) To (m) Length1 (m) Ni (%) GA-23-16 Results pending GA-23-17 Results pending GA-23-18 No significant results GA-23-19 Results pending GA-23-20 Results pending GA-23-23 160,5 168,0 7,5 0,22 And 199,5 334,5 135,0 0,34 Including 214,0 231,0 17,0 0,45 Including 235,5 268,5 33,0 0,48 Including 276,0 289,5 13,5 0,44 GA-23-24 222,0 283,5 61,5 0,22 Including 250,5 283,5 33,0 0,26 GA-23-26 22,0 228,7 206,7 0,23 Including 178,5 208,5 30,0 0,35 And 270,0 316,5 46,5 0,34 Including 295,5 313,5 18,0 0,40 1. The true thickness of the intersections is estimated at approximately 70% of the core interval. “We are very satisfied with these preliminary results and are confident of obtaining other equally encouraging analysis results shortly. Our technical team believes that there could be nickel enrichment traps deeper or along the various magnetic anomalies with a length of nearly 8 km identified in the southern part of the Gaboury project,” underlines Mr. Jonathan Hamel, President, and CEO of Mosaic. The Company's management is considering a new, more intensive drilling program in the various zones identified...