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Canada Nickel Company announces assay results from Deloro Property

Published by
Global Mining Review,

Canada Nickel Company Inc. has announced assay results at its Deloro property, which confirm the second significant discovery from the company’s newly acquired properties.

Mark Selby, Chair and CEO, said: “We are very pleased with the results from Deloro where we successfully delineated our target mineralisation and grades throughout the intended geophysical target. Deloro now joins Reid as another significant, sizeable nickel discovery and we look forward to continued success as we continue exploration around our regional properties, developing what we believe has the potential to be one of the world’s leading nickel districts. We will provide further updates on drilling and our regional plans in September.”

Drilling was highlighted by hole DEL22-01 which intersected 487 m of 0.25% nickel (Ni) with a higher-grade section near the bottom of the hole intersecting 0.28% Ni over 91 m and hole DEL 22-09 which intersected 393 m of 0.26% Ni.

Deloro nickel property

The Deloro property is located 9 km southeast of Timmins and contains an ultramafic target that measures 1.4 km north-south by 450 m east-west based on the total magnetic intensity (TMI). Ultramafic lithologies and nickel mineralisation has been found throughout the target anomaly.

Hole DEL22-01 collared in dunite on the northern half of the target and was drilled to the southwest. The hole remained largely in dunite for a total length of 487 m grading 0.25% Ni, with a higher-grade section near the bottom of the hole intersecting 0.28% Ni over 91 m.

DEL22-09 collared in dunite and the hole intersected 393 m of 0.26% Ni, including 51 m of 0.28% Ni. The hole finished in peridotite.

DEL22-06 collared in peridotite and transitioned in composition from dunite to peridotite and intersected a total of 227 m of mineralisation – 74 m grading 0.2% Ni starting at 54 m and 141 m grading 0.21% Ni starting at 140 m including a 12 m core length of 0.33% Ni and 0.15 g/t Pt+Pd from 248 – 260 m. This higher-grade Pt+Pd in dunite has similar characteristics to the high-grade core in Crawford’s East Zone.

DEL22-07 collared in dunite, on section with DEL22-01, 100 m to the west. DEL22-10 collared in dunite and remained in dunite for the majority of the hole except for minor pyroxenite and mafic dykes. The hole intersected 79 m of 0.25% Ni 124 m downhole, and 87 m of 0.25% Ni at 235 m, before intersecting intermediate volcanics at the contact.

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