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3DIP Survey Defines Very Large Alteration System at Trident Cobalt Prospect
(via TheNewswire) Toronto, ON / TheNewswire / January 9th, 2019 - Chilean Metals Inc...
About this update from Power Metallic Mines Inc.
[{"type":"text","content":"3DIP Survey Defines Very Large Alteration System at Trident Cobalt Prospect(via TheNewswire)\n \n \nToronto, ON / TheNewswire / January 9th, 2019 - Chilean Metals Inc. (\"Chilean Metals,\" \"CMX\" or the \"Company\")(TSX.V:CMX, OTCQB: CMETF, SSE:CMX, MILA:CMX, FRA: IVV1, BER : IVV1). Chilean Metals Inc is pleased to announce the results from the 3D IP Survey at the Trident prospect at Bass River in Nova Scotia.\n\n \n \nA 3D IP survey has been conducted at the Trident prospect and the resulting 3D model has been received. A very large, strongly chargeable body is observed in the model results. The body is approximately 800m long and up to 300m wide. It's depth extent varies from approximately 200m at the extremities of the body, with a highly chargeable central core which is open at depths of at least 400m. These dimensions are displayed in 3D in Figure 1.\n\n \n \n\nClick Image To View Full Size\n\n \n \n\nClick Image To View Full Size\n\n \n \nFigure 2 presents a plan view of the IP model at approximately 50m depth. The location of the shallow, historic drilling is indicated. This area comprises only a very small proportion of the overall large anomaly area.\n\n \n \nAs previously announced, core from two historic holes drilled in 1987 at the Trident prospect was located at the Department of Natural Resources core library at Stellarton. The holes were drilled to test a subcropping magnetite occurrence and were very shallow, being 39.9m and 36.6m deep respectively and angled at 45o. \n\n \n \nResults from the assays were :\n\n\n \n\n\n- BR-87-1\n\n\n\n\n\n- 25m @ 547ppm Co and 20.9% Fe from 5m depth\n\n\n\n\n\n \n \n\n\n- BR-87-2\n\n\n\n\n\n- 29m @ 662ppm Co and 21.9% Fe from 3m depth\n\n\n\n\n\n\n \nIncluding\n\n\n \n\n\n\n\n- 15m @ 812ppm Co and 26.9% Fe from 15m depth\n\n\n\n\n\n \n \nCobalt mineralisation commences immediately below the base of overburden in both holes. The holes intersected a mafic quartzite which has been flooded with magnetite and disseminated pyrite. It is this pyrite that hosts the cobalt mineralisation.\n\n \n \nSince disseminated pyrite is very amenable to detection by the IP method, IP is considered a very useful tool for directly mapping potential mineralisation size, location and geometry.\n\n \n \nMick Sharry, President and COO of Chilean Metals commented as follows : \"We are very pleased and en...