VMS Ventures Inc. (TSXV:VMS) announced that North American Nickel (TSXV:NAN) received preliminary results from this year’s VTEM Plus helicopter borne geophysical survey at Maniitsoq: 389 electromagnetic (EM) responses were detected, and a preliminary review of the survey results has identified one hundred new conductor zones.
As quoted in the press release:
A total of 917.3 line-kilometres were flown in nine survey blocks (A1 to A9 in Figure 1) resulting in a total of 389 electromagnetic (EM) responses being detected. A preliminary review of the survey results by the Company has identified one hundred new conductor zones. These target zones will be field checked in 2014 and targets with higher nickel sulphide potential will be added to the growing drill target list at Maniitsoq.
NAN CEO, Rick Mark, states: “The market has been focused on the Imiak Hill ConduitComplex the past three months and rightly so, as the high grade drill results around Imiak have been outstanding. Today, we want to remind investors that our 100% owned Maniitsoq property, which is larger than the Sudbury basin, has the potential to host the world’s next sulphide nickel-copper-cobalt camp. These preliminary airborne results bolster that belief and provide us with a new array of targets to analyze and prepare for in 2014.”
From the preliminary data, the most interesting conductors are those associated with the Pingo norite in flight block A1 (Figure 2). The Pingo norite is situated 24 km northeast of the Imiak Hill Conduit Complex, where the Company has recently made significant nickel sulphide intersections (e.g. 24.75m @ 3.19% Ni and 1.14% Cu in hole MQ-13-028 at Imiak Hill).
|Get our expert guide to copper investing FREE! Download this FREE Special Report, From LME Copper to Copper ETFs: Understanding Today’s Copper Price for Investing in Copper.|