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Midland and Altius Identify Highly Prospective Electromagnetic Anomalies on the Moria (Ni-Cu-Co) and Shire (Zn-Co) Discoveries
Nov. 01, 2017 08:31AM PST
Base Metals Investing Midland Exploration (“Midland”) (TSX VENTURE:MD) and Altius Minerals Corporation (“Altius”) (TSX:ALS) are pleased to announce the results of a detailed VTEM® electromagnetic survey and to report preliminary field observations from their Moria nickel and Shire zinc projects in the James Bay area. On the Moria project, electromagnetic anomalies (EM) that could indicate massive Ni-Cu sulfide mineralization were …
Midland Exploration (“Midland”) (TSX VENTURE:MD) and Altius Minerals Corporation (“Altius”) (TSX:ALS) are pleased to announce the results of a detailed VTEM® electromagnetic survey and to report preliminary field observations from their Moria nickel and Shire zinc projects in the James Bay area.
On the Moria project, electromagnetic anomalies (EM) that could indicate massive Ni-Cu sulfide mineralization were identified in several areas, notably in the northeastern extension of the Gimli/Gloin Ni-Cu-Co showings, in an area without outcrops. On the Shire project, the EM survey demonstrates that the O’Connor Zn-Co showing is located on a 15-km long string of EM anomalies. Pyrrhotite-pyrite massive sulfides and quartz-sulfides exhalites were observed in several places along this regional EM conductor. These results suggest a new massive sulfide belt on the Shire project.
The Moria nickel discovery was first reported on August 17th, 2017, and consisted in a grab sample from a weakly mineralized meta-pyroxenite that yielded 1.07% Ni, 0.24% Cu and 0.09% Co (Gimli showing).