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Nickel North Confirms High-Grade Ni-Cu Sulfide Mineralization up to 400m Long at Gamma Zone and Grants Stock Options
Vancouver, British Columbia--(Newsfile Corp. - October 25, 2022) - Nickel North Exploration Co...
About this update from Nickel North Exploration Corp.
[{"type":"text","content":"Nickel North Confirms High-Grade Ni-Cu Sulfide Mineralization up to 400m Long at Gamma Zone and Grants Stock OptionsVancouver, British Columbia--(Newsfile Corp. - October 25, 2022) - Nickel North Exploration Corporation (TSXV: NNX) (\"Nickel North\" or the \"Company\") is pleased to announce the 2022 Rock Sampling and Backpack Drilling program confirms the high-grade Ni-Cu Sulfide mineralization at Gamma Zone of the Hawk Ridge Project in Northern Quebec.The Gamma Zone occurs in the central part of the Hawk Ridge Project (Figure. 1) and is one of five predefined high-grade massive sulphide mineralization zones. On surface the mineralized horizon can be followed for >1000m along strike and expands in width from <10m to >30m (Figure 2). Historical drilling has found a high-grade massive Ni-Cu-PGE sulphide body at the southern part of the Gamma Zone (Table 1, Figures, 2, 4). Up to 7.01m mineralized intersection averaging 2.11% Ni, 2.73% Cu, 0.07% Co, 0.50 g/t Pd and 0.12 g/t Pt were reported at hole HR-2014-50 in 2014. These intersections are believed to be near true thicknesses. There has been no follow up drilling since 2014. Surface outcrop rock samples and shallow backpack drilling holes were completed in September of 2022. The surface outcrop rock samples reported up to 1.65% Ni, 4.11% Cu and 526 ppm Co, tested with a portable XRF analyzer (Figure 6, Table 2). Two 2-meter backpack drilling holes from GABH-22-01 and GABH-22-02 returned 1.05% Ni, 2.00% Cu and 0.38% Ni, 0.93% Cu, respectively, tested with a portable XRF analyzer (Figure 3, Table 2). These results confirm the high-grade, up to 400m-long Ni and Cu sulfide body (Table 2, Figures 2-6). The strong Ni and Cu in soil anomalies tested with a portable XRF analyzer also reported in this high-grade massive sulphide mineralization area in the south section of the Gamma Zone (Figure 5).Tony Guo, President and CEO of the Company, commented, \"The 2022 summer program confirms the exploration model that the high-grade sulphide body was lens-like in form and raking down the flank of the Gamma Zone horizon would produce drill holes that would overshoot or undershoot the body. The example of this model is there was no high-grade massive sulphide body at Hole HR-2013-41. However, the high-grade massive sulphide body on the surface is there, indicated by sample S786356. Nicke...