Continental Nickel announced that it has received the final assay results from the 2012 drill campaign conducted on the St. Stephen Nickel-Copper project located in New Brunswick, Canada.
The drill program has confirmed additional nickel sulphide mineralization at the Todd Mountain target as well as at the Hanson Brook and G zones. As per the terms of an option contract with Quebec-based Abitex Resources, Continental Nickel can earn about 75% interest in the project.
Highlights of the drill intercepts are as follows:
- The G zone returned 0.44% copper and 1.17% nickel over 28.10 m, including 0.56% copper and 3.02% nickel over 3.65 m and 0.55% copper and 2.50% nickel over 3.50 m.
- The Hanson Brook zone returned 1.12% copper and 2.19% nickel over 1.30 m, and 0.69% copper and 2.28% nickel over 1.90 m.
- The Todd Mountain target returned 0.33% copper and 0.53% nickel over 2.15 m and 0.24% copper and 0.80% nickel over 1.95 m.
The Vice President Exploration for Continental Nickel, Patricia Tirschmann stated that the company is happy with the latest drill results, which have so far intersected the highest nickel grades on the St Stephen property. The reconnaissance program has further validated that electromagnetic surveys are quite useful at targeting the most sulphidic parts and the highest conductance of the intrusion. The program has also validated that the St Stephen intrusion is hosting sulphides at various locations. Till date, the best nickel grades are related to mineralization that exists close to the northern gabbro-metasediment contact near the Roger's Farm, G, Hanson Brook and Triple J zones. The company will focus on this region during the upcoming exploration campaigns.
Source: http://www.continentalnickel.com/