Results announced December 16 show three areas of focus on Garland, a 23,386-hectare property 30 kilometres from Labrador’s historic nickel-cobalt-copper discovery. With the rig still on site and money in the bank, Equitas plans to resume drilling as soon as winter conditions allow.
The company took on the newly assembled property earlier this year, based partly on the fact that the great nickel deposits of Sudbury, Norilsk, Thompson and Raglan occur in clusters. But Equitas also saw specific merits in these claims, which hadn’t previously undergone modern exploration. Now assays and geophysics instil further confidence in the project, says president Kyler Hardy.
“We think this is the start of something larger,” he says. “We’ve touched on something very exciting that can lead us to the bigger picture.”
Among highlights of the five-hole, 1,678-metre fall program was GP15-005, where two intercepts showed:
- 0.08% nickel, 0.1% copper, 70 ppm cobalt and 1.33% sulphur over 4.6 metres, starting at 19.9 metres in downhole depth
- 0.11% nickel, 0.14% copper, 93 ppm cobalt and 1.77% sulphur over 1.5 metres, starting at 54.5 metres
Read the full story here: Phase I encourages Equitas Resources’ winter drill campaign southeast of Voisey’s Bay