Drilling by the Company in 2015 at Rice Island yielded extremely encouraging results; confirming the grade and configuration of the Main Zone defined in historic drilling and resulted in a new discovery, known as the New Lower Zone, Wolfden said.
Efforts will also be undertaken at expanding the Main Zone (MZ) where Wolfden drilling encountered 3.29% Ni and 1.32% Cu across 12.40 metres (RI-15-15)1.
The NLZ and MZ are thought to be components of a conduit or feeder system, in which channelling magmatic fluids have deposited nickel-copper mineralization at multiple sites. Drilling will also be undertaken at a high-priority target situated 5 kilometres northeast of the Rice Island deposit, comprising a coincident conductor and magnetic high defined by the airborne VTEM survey. This VTEM anomaly has a similar geophysical signature to that of the Rice Island nickel-copper deposit.
Rice Lake Project Wekusko Lake Area – Manitoba – VTEM airborne magnetics survey – 1st vertical derivative
Image, above, can be found here.
Read the press release here.
Timeline
See an older project update.