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SRQ Resources Reports Assay Results from Phase 3 Drilling on Lac Brulé
Discovery and At-Surface Delineation of Magmatic Intrusion and Additional Pyroxenite Units M...
About this update from Srq Resources Inc.
[{"type":"text","content":"SRQ Resources Reports Assay Results from Phase 3 Drilling on Lac BruléDiscovery and At-Surface Delineation of Magmatic Intrusion and Additional Pyroxenite Units MONTREAL, QC / ACCESSWIRE / June 24, 2024 / SRQ Resources Inc. (\"SRQ\" or the \"Company\") (TSX-V:SRQ) is pleased to announce assay results for the April 2024 Phase 3 drilling program on its exciting new discovery, the Lac Brulé Ultramafic Magmatic Intrusive Complex (\"UM\") (Figures 1 & 5).Highlights (in core lengths)From the Phase III drill program for 3,015 metres (\"m\") including ten holes at the Gossan Zone (Figure 2) and one hole (LB-24-29; Target 900) drilled 6 kilometers (\"km\") west of the Gossan Zone testing a high gravity target.LB-24-23: 114m of magmatic pyroxenite including a combined 36.84m at 0.85% copper equivalent (\"Cueq\") (0.31% copper (\"Cu\") and 0.28% nickel (\"Ni\")) with several higher-grade samples including 0.72m at 2.45% Cueq and 0.75m at 1.87% Cueq (Appendix 1: 0.2% Cu cut-off-grade (\"COG\")) composed of pyrrhotite (\"Po\") + chalcopyrite (\"CPy\") & pentlandite (\"Pn\"))LB-24-26: 70m of magmatic pyroxenite including a combined 11.59m at 1.0% Cueq.LB-24-28: 55m of magmatic pyroxenite including a combined 9.19m at 1.17% Cueq with several higher-grade samples including 0.66m at 2.19% Cueq and a stringer of massive sulphide grading 5.54% Cueq (Appendix 1).At the Gossan Zone, the UM intrusive sequence can be traced over 800m along a southwest to northeast direction with a mineralised sub-layer traced over 550m.Ongoing surface regional geological mapping outlined a very large magmatic intrusive complex which seems to be deeply rooted. Hole LB-24-29 (Target 900) ended approximately 250m east of the core of the anomaly.Despite missing the core by such a distance, the hole intersected several mineralised zones including 0.79m at 1.23% Cueq, indicating the mineralised potential of the entire system.SRQ discovered additional magmatic pyroxenite units outcropping 8 km south-west of the Gossan Zone (Figures 1 & 6).An analysis of their geological sequences and mineralisation shows that Lac Brulé Ni-Cu mineralisation has strong similarities to mineralisation from the former Renzy Ni-Cu mine.SRQ has filed the compulsory \"Autorisation pour travaux à impact\" (ATI) with the Quebec ministry. While awaiting the ATI, SRQ is c...