After a three-week break for the migration of the native caribou and after finishing the first 6,151 m of drilling on Ferguson Lake during the spring, Canadian North Resources Inc. announced the restart of diamond drilling at its 100% owned Ferguson Lake Project in Nunavut, Canada.
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The Company is continuing its planned 20,000-metre drill program in 2023, based on the results of the exploration program completed in 2022. We are presently operating with three drills testing targets along strike west of the West Zone, east of the East Zone, and down-dip. A fourth drill will be added to the program soon in late June to test targets outside the main horizon. This drill program is designed to expand and upgrade the near-surface mineral resources at the Ferguson Lake project.
Dr. Trevor Boyd, Vice President, Exploration, Canadian North Resources Inc.
Base metals (nickel, copper, and cobalt) and platinum-group metals (PGM, primarily palladium and platinum), as well as perhaps lithium minerals, are present in the Ferguson Lake project along a 15-km-long main mineralized horizon and numerous other promising locations.
This drill program is intended to test targets along the east extensions of the East Zone and A51 Zone, West Zone South, and South Discovery Zone, as well as to broaden and improve the near-surface mineral resources of the West and East zones. It is also intended to define any potential new near-surface resources along sub-parallel M-Zone and A51 Zone.
The drill program will continue to concentrate on near-surface open-pit resource definition as well as the expansion of both the Ni-Cu-Co-Pd-Pt bearing giant sulfides and the footwall dispersed sulfide PGE mineralization zones along the main mineralized horizon.
The mineral resource mode revealed the expansion potential for the two types of mineralization, which was validated by drilling programs performed in 2022 and the spring of 2023. The findings of the assays for the drill holes done in the spring of 2023 are still pending.
Over the 253.8 km2 of mining leases and exploration claims at the Ferguson Lake property, the company will drill as well as conduct in-hole geophysical surveys, surface sampling, and mapping programs on the Ni-Cu-Co-Pd-Pt and lithium targets.
Source: https://cnresources.com/