Continental Nickel (CNI) has started a diamond drill campaign at the St. Stephen copper-nickel sulphide project, New Brunswick. The company can purchase project interest of up to 70%, as this project is under Abitex Resources’ option.
Drilling during 2011 will include around 1,000 m to examine fresh EM targets discovered in 2011 aerial EM survey and to follow-up mineralization of copper and nickel intercepted at the St. Stephen intrusion during 2010. The company has engaged Logan Drilling from Nova Scotia to continue this work.
The company discovered new copper and nickel sulphide zones during 2010, while the EM anomalies are drill tested at the Triple G and J targets. CNI encountered 0.56% copper and 2.00% nickel over 3.3 m, 0.29% copper and 1.0% nickel over 9.30 m in the hole SSD10-003, which was drilled at Target G. It has also found 0.22% copper and 0.63% nickel over 21.4 m at the Triple J zone. These intersections were obtained significantly from the St. Stephen Intrusive Complex’s untested west parts and were identified while analyzing the EM anomalies found during 2009, using the time domain ground EM surveys performed over the intrusion.
The drill targets found during 2011 has included high conductance, EM anomalies identified in the latest aerial EM survey that has contained three new targets in the intrusion’s west portion. The results from the airborne EM survey have shown mineralization expanding towards the north and the expansion of the G target mineralization found during 2010 was BHEM.
The company will accept the support obtained from the New Brunswick Junior Mining Assistance campaign. Through this program, the company has secured $40,000 as a grant to assist the 2011 exploration at the St. Stephen project and a grant of $20,000 for exploring the Milltown project.
Source: http://www.continentalnickel.com/