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StrategX Elements Developing Drill Targets on Nagvaak
Vancouver, British Columbia--(Newsfile Corp. - July 28, 2022) - StrategX Elements Corp. (CSE: STGX) ("StrategX" or the "Company"), is developing drill targets o
About this update from Strategx Elements Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - July 28, 2022) - StrategX Elements Corp. (CSE: STGX) (\"StrategX\" or the \"Company\"), is developing drill targets on its 100%-owned Nagvaak property located on the Melville Peninsula, Nunavut. The Company applied modern exploration concepts in its evaluation of historical exploration data to define new targets having the potential for a major discovery in energy transition metals. Past exploration included geophysical surveys that identified strong electromagnetic (EM) conductive zones in areas of the surface geochemical anomalies. These zones correlate well with rock samples showing high values in nickel, vanadium, molybdenum, copper, zinc, silver, and PGEs (see news release dated February 22, 2022). Highlights 2,000m drill program planned in September 2022 Large conductive zones in a 6,000m by 400m mineralized corridor Targeting nickel equivalent (NiEq) grades >1% Mineralized zones outlined by 100 of 144 rock samples averaging 1% NiEq, including 0.42% vanadium pentoxide, 510ppm molybdenum, 0.2% copper, and 1% zinc (see table below) Potential also exists for precious metals including platinum group metals, silver, and gold The drill targets at Nagvaak are in areas where surface rock samples returned results greater than 1% NiEq in high conductivity zones. The target areas are described as 5% outcrop exposure with significant sub-crop, frost heave, and float boulders also seen throughout much of the zones. The mineralized host rock is predominantly black shale-hosted graphitic schist with intervening layers of quartzite, and locally the zones containing pyrrhotite, chalcopyrite and sphalerite are coincident with the strongest conductors observed. Photos taken in target areas 1, 4 and 7 and the location of these sites can be referenced on the Nagvaak Target map as follows. Photos taken in Target Areas 1, 4, and 7 – click photos to enlarge view Nagvaak Targets Map – click map to enlarge view Historical Exploration Nagvaak was originally discovered by Aquitaine Minerals in 1972 from a regional airborne geophysical survey which identified very large coincident conductivity and magnetic anomalies. These anomalies correlate with zones of mineralization defined on surface and were previously tested by shallow drilling (<30m depth) in two target areas (#1 and 4) ...