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Zeb Nickel to Commence Drilling at the Zebediela Class I Nickel Sulphide Project
Focus will be on upgrading of the historical resource and simultaneous exploration for higher ...
About this update from Zeb Nickel Corp
[{"type":"text","content":"Zeb Nickel to Commence Drilling at the Zebediela Class I Nickel Sulphide ProjectFocus will be on upgrading of the historical resource and simultaneous exploration for higher grade footwall nickel sulphide mineralisationToronto, Ontario--(Newsfile Corp. - September 13, 2021) - Zeb Nickel Corp (TSXV: ZBNI) (the \"Company\") is pleased to announce that geological exploration drilling is commencing on the Company's flagship Zebediela Project, targeting high grade nickel-sulphide mineralisation to the east of the existing Zebediela historical nickel-sulphide resource, as reported in the Company's NI43-101, available through SEDAR filings and on the Company's website, www.zebnickel.com. PROJECT HIGHLIGHTS8th largest known sulphide nickel resource globallyLocated in a major Ni-PGE producing area adjacent to Ivanhoe Mines Platreef Project and along strike from the worlds largest open pit platinum mine, Anglo American Platinum's Mogalakwena Mining ComplexRecent exploration drilling has identified high grade nickel mineralisation in the footwall to the existing historical resourceABOUT THE PROJECTThe Zebediela Project, located in South Africa, contains a historical resource as follows:*Resource CategoryMillion TonsNickel GradeIndicated485.40.256%Inferred1,115.10.248%Total1,600.50.250% Source: Independent NI 43-101 Technical Report on the Zebediela Nickel Sulphide Project (March 31, 2021). Report prepared by Caracle Creek International Consulting Inc. The historical mineral resource estimates presented above used categories that conformed to CIM Definition Standards on Mineral Resources and Mineral Reserves (CIM, 2010) at the time of completion of the estimates, as outlined in NI 43-101. However, a qualified person has not done sufficient work to classify any of the historical estimates as current mineral resources and as such the Company is treating them as historical resource estimates. Readers are cautioned that the historical mineral resource estimates do not mean or imply that economic deposits exist on the Project.A 2011 Preliminary Economic Assessment by MSA Geoservices demonstrated that the project has the ability to produce over 500,000 tons of nickel using an open-pit mining method (Croll, R., Clarke, B., Hall, M. and Sexton, J. (2012). Preliminary Economic Assessment for the Zebediela Nickel Project. Report prepared by MSA ...