North American Nickel Inc. (TSXV:NAN,OTCBB:WSCRF) reported that the deepest sulphide intersection to date at Imiak Hill returned high-grade nickel-copper-cobalt assays.
As quoted in the press release:
DDH MQ-13-028: at 182m down the hole:
- Intersected 24.75m grading: 3.19% nickel, 1.14% copper, 0.11% cobalt, and 0.01 g/t PGM
- Including: 17.91m of 3.80% nickel, 1.42% copper, 0.13% cobalt and 0.01 g/t PGM
- including: 2.40m of 4.44% nickel, 1.13% copper, 0.15% cobalt and 0.01 g/t PGM
The mineralization in MQ-13-028 corresponds to Zone 30, one of three mineralized zones so far discovered in the Imiak Hill norite (see NAN news releases dated August 23, September 5 and October 10, 2013 for details and Figure 3).
North American Nickel COO, Neil Richardson, said:
Hole 28′s high grade core contains similar values to hole 26 which support our magma conduit model of high grade nickel-copper-cobalt mineralization at Imiak Hill. We were interested to see the much higher copper grade in hole 28, reflected in more chalcopyrite in the near solid sulphide mineralization we reported earlier this fall. At 180 meters vertically below surface MQ-13-028 is the deepest intersection to date at Imiak. It has a true width of approximately 11.2 meters, and importantly, remains open at depth.