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Metallica Metals Discusses Results of MobileMT™ Survey at Sammy Ridgeline Ni-Cu-PGM Project, Thunder Bay North District, Ontario
VANCOUVER, British Columbia, May 16, 2022 (GLOBE NEWSWIRE) -- Metallica Metals Corp. (CSE:MM) (OTCQB:MTALF) (FWB:SY7P) (the “Company” or “Metallica Metals”) is
About this update from Quebec Rare Earth Elements Corp
[{"type":"text","content":" VANCOUVER, British Columbia, May 16, 2022 (GLOBE NEWSWIRE) -- Metallica Metals Corp. (CSE:MM) (OTCQB:MTALF) (FWB:SY7P) (the “Company” or “Metallica Metals”) is pleased to announce interpretation results from its airborne MobileMT™ geophysical survey that was flown on the Ni-Cu-PGM Sammy Ridgeline Project (“Sammy Ridgeline” or the “Project”) in the Thunder Bay North District of Ontario, Canada in 2021. The geophysical survey collected MAG (magnetics), EM (electromagnetics) and VLF (very low frequency electromagnetics) data across the combined Sammy Ridgeline property (Figure 1). An in-depth structural analysis using this geophysical data was recently conducted by external geophysicist MB Geosolutions that has resulted in the generation of refined exploration targets for the Project. Highlights: 11 Ni-Cu-PGM targets generated across the combined East and West blocks (see Figures 2 and 3). Of particular interest are targets displaying remanent magnetism, which can be a feature of PGM deposits, that are also located in proximity to important structures. Important geophysical signature identified by MobileMT technician on the East Block. The circular/oval feature that is observed on the East Block is interpreted as remanent magnetism of an ancient komatiitic flow in the area. Some of the world’s largest Ni deposits are known to be associated with komatiites, an ultramafic rock. Detailed structural analysis highlights important structures that continue through Clean Air Metal’s TBN property through to the Sammy Ridgeline blocks. Target generation work will allow Metallica Metals to complete a more focused surface exploration program with these important structures and areas of remanent magnetism in mind. Aaron Stone, CEO of Metallica Metals commented, “The results of the MobileMT survey followed by the in-depth structural analysis and target generation work are very encouraging. These two blocks have never before seen surface exploration work conducted with a PGM focus in mind. These new generated targets will allow us to focus on areas that could potentially hold important PGM mineralization. The Company plans to complete an initial ground exploration program during the upcoming field season.” The airborne MobileMT survey was flown by Expert Geophysics (EGL) of Newmarket, Ontario. The structural analysis and target generation w...