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Nickel Sulfide and Magnetite Mineralization Confirmed by Mineralogical testing of Ultramafic Intrusion at Golden Loon
(via Thenewswire.ca) June 7, 2012 - Vancouver, B.C. Planet Exploration Inc. ("Planet" or th...
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[{"type":"text","content":"\nNickel Sulfide and Magnetite Mineralization Confirmed by Mineralogical testing of Ultramafic Intrusion at Golden Loon\n\n(via Thenewswire.ca)\n\n \nJune 7, 2012 - Vancouver, B.C. Planet Exploration Inc. (\"Planet\" or the \"Company\") (TSX-V: PXI) announces mineralogical test results from the large nickel-cobalt mineralized intrusion with ten square kilometres of surface exposure at the Golden Loon project in southern British Columbia. Results of a high resolution scanning electron microprobe (QEMSCAN) survey of composite samples from five drill holes collared across 2.2 kilometres of the intrusion include:\n\n\n \n1)50% - 93% of the total sulfide content of the intrusion is the nickel-sulfide mineral pentlandite. \n2)Confirmation of magnetite mineralization in all samples which is being evaluated for recoverability as an iron by-product following nickel recovery. \n\nResults suggest widespread nickel sulfide and magnetite are present within the ultramafic intrusion, as shown in the cross section and table below.\n\n\n \nTo View Map Image below, please copy and paste URL; into a new browser:\n\n\n \nhttp://thenewswire.ca/client_files/2012-06-06-0.pdf\n\n\n \nFigure 1: Chargeability and resistivity sections across 4 kilometres of the mineralized intrusion. Drill holes are projected onto this section from 50 - 200 metres to the north and south of the section line. QEMSCAN results suggest strong chareability highs of up to 48.72 mVs/V are associated with widespread nickel sulfide (pentlandite) mineralization. Note the 2.1 kilometre scale bar for reference.\n\n\n \n\n -----------------------------------------------------------------------------------\n |Drill |Total |Sulfide|Rock Type |Pentlandite|Pyrite, |Magnetite|Pentlan-dite|\n |Hole |Nickel |Nickel | |(Fe,Ni)9S8 |Pyrrhotite|(Fe3O4) |as |\n | |% |% | |% of All |and |% of All |% of |\n | |(Assay)|(Assay)| |Minerals |Copper |Minerals |Total |\n | | | | |QEMSCAN |Sulfides |QEMSCAN |Sulfide |\n | | | | | |% of All | |Minerals |\n | | | | | |Minerals | |QEMSCAN |\n | | | | | |QEMSCAN | | |\n |---------------------------------------------------------------------------------|\n |GL-08-01|0.19 |0.10 |Dunite |0.25 |0.16 |2.46 |61% |\n |---------------------------------------------------------------------------------|\n |GL-08-02|0.20 |0.09 |Dunite |0.23 |0.23 |1.75 |50% |\n |----------...