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Margaret Lake Diamonds Annual General Meeting and Old Nick Outcrop and Grab Sample Results
VANCOUVER, BC / ACCESSWIRE / August 17, 2021 / Margaret Lake Diamonds Inc. ("MLD" or the "Co...
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[{"type":"text","content":"Margaret Lake Diamonds Annual General Meeting and Old Nick Outcrop and Grab Sample ResultsVANCOUVER, BC / ACCESSWIRE / August 17, 2021 / Margaret Lake Diamonds Inc. (\"MLD\" or the \"Company\") (TSXV:DIA)(FKT:M85) is pleased to announce at the Company's Annual General Meeting held Thursday August 5 (the \"Meeting\"), all resolutions proposed were duly passed by the shareholders of the Company.Shareholders of the Company approved and re-appointed Neil Foran, Jim Wiesenberg, Patrick Butler and George Kovalyov as Directors for the Company.Dale Matheson Carr-Hilton Labonte LLP, Chartered Professional Accountants, were re-appointed as the Company's auditor for the ensuing year and the Board of Directors were authorized to fix the remuneration to be paid.Shareholders also approved both the Company's 10% \"rolling\" stock option plan and amendment to its article for the Advanced Notice Policy.The Board of Directors and Management would like to thank all shareholders for their continued support and confidence.Outcrop and grab sample resultsThe Company recently carried out rock chip sampling of nickel-cobalt bearing mineralized outcrop (and angular float) located on its Old Nick Nickel-Cobalt property. A total of 11 rock chip samples were collected from the east-central portion of the property and sent to Actlabs (Kamloops, B.C.) for 8 Peroxide Fusion ICP, which delivered the following results:ID #TypeLithologyCo %Cr %Ni %S %Mg %Ca %Fe %21-2outcropaltered mafic rocks0.0190.350.2014.053.141.2812.521-3outcroparenaceous metasediment0.0040.160.0581.190.810.043.6721-4outcropaltered mafic rocks0.010.160.2431.898.242.7210.621-5grabaltered mafic rocks0.0110.190.2632.048.462.2511.521-6outcroparenaceous metasediment0.010.170.2531.729.015.699.5521-7grabarenaceous metasediment0.0180.20.2971.66.950.5315.321-8outcroparenaceous metasediment0.0050.150.1182.0514.15.716.7521-9grabarenaceous metasediment0.0060.20.1311.793.933.367.121-10grabaltered mafic rocks0.0110.330.2111.466.359.496.9821-11grabaltered mafic rocks0.0090.40.1511.444.698.867.7721-12outcroparenaceous metasediment0.0090.310.1781.16.3610.47.28 11 ROCK SAMPLES AVERAGE=0.010.240.191.856.554.589(Source: Actlabs report # A21-11010)A total of six outcrop samples were taken across an interval of 0.5-1 meter and five grab samples consisted of angular float boulders. Sample lithology (rock type) was ...