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Mosaic Minerals Corp Intersects 120 M Mining Hole on Gaboury

Mosaic Minerals Corporation reports that it has intersected a grade of 0.23% Ni over a 120-m strike length in hole GA-22-10. The distance between this hole and hole GA-21-western 08’s extension is around 200 m. In the same hole, a second nickel zone with a grade of 0.25% over 17.55 m was also encountered.

Image Credit: Mark Agnor/

Three of the 1,000 m of this recently finished drilling operation were in the western portion of the Pyke showing.

Between GA-21-07 and GA-21-08, a hole called GA-22-09 showed two-nickel zones with grades of 0.13% and 0.18% nickel over widths ranging from 28.6 to 46.5 m. In this hole, which frequently crosses the nickeliferous zone, the existence of multiple lamprophyre dykes can be seen. This survey also records the levels of cobalt, magnesium, and chromium.

A 27.5-m zone grading 0.26% Ni was crossed by hole GA-22-11, which was located roughly 550 m west of GA-22-10. Lamprophyre dykes were found in various locations here as well. Anomalies related to cobalt, chromium, and magnesium can also be found here.

The high presence of lamprophyre dikes cutting the ultramafic increases the complexity of the project in the western part. Further drilling will be necessary to have a better understanding of this project. So far, we have identified the presence of nickel over several kilometers along a horizon of ultramafic rocks associated with a magnetic anomaly more than 8 km long.

Jonathan Hamel, CEO, Mosaic Minerals Corporation

With the help of Goldspot Discoveries, we are working to define the positioning of traps and depressions in the ultramafic system that generally contains higher Ni grades,” Hamel added.

113 North & Lichen Projects

On its 113 North project, the business also intends to start a drilling program of about 1,200 m in the upcoming weeks. About 300 m south of the property’s southern boundary is a pyroxenite body that contains the Fortin/Ducros gold and nickel showing owned by Québec Nickel.

The company management wishes to evaluate the continuity of this body. This display appears to be related to a magnetic anomaly with an NNO-SSE trend. This would have intriguing Ni, Cu, Pt, Pd, and Au grades, as per MERN data and results received by Québec Nickel.

Finally, yet importantly, the company recently completed a preliminary geological and prospecting survey on its Lichen project, which is situated in Chapais’ southern region. Around fifty samples were collected majorly from the property’s center. Within the following few weeks, the results should be accessible.

Mr. Gilles Laverdière, P. Geo, a qualified person as described in NI 43-101 and an independent consulting geologist, has examined and verified the technical information of this press release.


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