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North American Nickel Reports on Exploration at Maniitsoq
Jan. 30, 2019 09:04AM PST
Base Metals Investing The work was designed to establish whether the keel structure of the Fossilik intrusion has the potential to host a deposit that would surpass an economic hurdle for additional exploration and potential future development.
North American Nickel (TSXV:NAN) has released the results of a detailed geological, geochemical, and geophysical investigation to test the P-058 sulfide zone and the keel zone of the large Fossilik intrusion located centrally on the company’s Maniitsoq nickel-copper-cobalt-platinum group element sulfide project in southwest Greenland.
The company said the melanorite keel area is interpreted to be the primary source of high grade mineralization previously identified in the P-058, P-059, and P-004 zones at the SW margin of the intrusion. The work was designed to establish whether the keel structure of the Fossilik intrusion has the potential to host a deposit that would surpass an economic hurdle for additional exploration and potential future development.
As quoted in the press release:
Based on the results of the 2018 program and previous data, a detailed 3D model of this geological environment was constructed. North American Nickel is convinced the Fossilik magma achieved the conditions required for sulphide saturation, however, the location and configuration of economically important concentrations of primary and remobilized sulphide mineralization remains unconstrained at this time. Drilling to date has yet to define the outermost halo of a cohesive magmatic sulphide body interpreted to represent the source of the multiple shallow high grade nickel sulphide zones occurring at Fossilik.
Click here to read the full North American Nickel (TSXV:NAN) press release.
