First Nickel Intersects 1.04% Ni and 0.70% Cu Over Press release from Marketwire
First Nickel Intersects 1.04% Ni and 0.70% Cu Over 8.6 Metres on Link Zone
Wednesday, August 08, 2012
TORONTO, ONTARIO--(Marketwire - Aug. 8, 2012) - First Nickel Inc. ("First Nickel", "FNI" or the "Company") (TSX:FNI) reports the results of the 2012 surface exploration diamond drill program consisting of 3 holes representing 2,700 metres of drilling on the Link Zone in Sudbury, Ontario. The assay results within this press release include both new diamond drill holes and previously reported drill holes completed in 2009 on the same area. Assay results have been received for all drilling completed on the Link Zone in 2012.
The surface drill program on the Link Zone was completed on FNI's wholly owned patented mining claims in Graham Township testing an area located between the Lockerby East Zone and the Conwest Deposit. Eight FNI drill holes have been completed on the Link Zone since 2009 intersecting mainly norite hosted disseminated sulphide mineralization with similar characteristics to the Conwest Deposit. Borehole geophysics was completed on selected drill holes in 2009.
The following table summarizes the significant assay results received for the Link Zone area from the 2012 and 2009 diamond drill programs.
| Hole ID |
From (m) |
To (m) |
Interval (m) |
Nickel (%) |
Copper (%) |
Year |
| FNI4001 |
846.00 |
870.00 |
24.00 |
0.64 |
0.42 |
2009 |
| FNI4002 |
840.60 |
852.70 |
12.10 |
0.89 |
0.58 |
2009 |
| incl. |
850.10 |
852.70 |
2.60 |
1.82 |
0.96 |
2009 |
| FNI4003 |
816.00 |
826.40 |
10.40 |
1.33 |
0.64 |
2009 |
| FNI4004 |
482.50 |
483.50 |
1.00 |
1.06 |
0.03 |
2009 |
| FNI4005 |
853.50 |
862.50 |
9.00 |
0.57 |
0.57 |
2009 |
| and |
885.80 |
906.00 |
20.20 |
0.62 |
0.39 |
2009 |
| FNI4009 |
823.00 |
845.70 |
22.70 |
0.79 |
0.58 |
2012 |
| incl. |
837.10 |
845.70 |
8.60 |
1.04 |
0.70 |
2012 |
| FNI4010 |
828.40 |
862.75 |
34.35 |
0.57 |
0.52 |
2012 |
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| All assay intervals reported are core length and do not represent true widths (defined as being measured at right angles to the direction of extension of the sulphide body). All other assay samples are pending analysis. |
Holes FNI4006 and FNI4007 tested previously unexplored portions of the Sudbury Igneous Complex basal contact to the east of the mineralized trend and did not intersect any significant, additional mineralization.
Paul Davis, First Nickel's Vice President, Exploration states "These drill results confirm that the mineralized system associated with the Lockerby East and Conwest deposits extends through the Link Zone and has expanded the overall area of the higher grade mineralization intercepted in the 2009 program. We are going to interpret these results and determine the next phase of exploration on the area to define the economic potential of the Link Zone."
To view the map "Link Zone Drilling 2012 - Longitudinal", please visit the following link: https://media3.marketwire.com/docs/first_nickel_fig01_aug8.pdf
The diamond drilling program was designed and carried out under the supervision of First Nickel's Sudbury Geology Manager, Philip Vicker, P.Geo. a "qualified person" as defined by National Instrument 43-101. The information in this release was prepared under the direction of Paul Davis, P.Geo., Vice President of Exploration for First Nickel Inc., a "qualified person" as defined by National Instrument 43-101. First Nickel Inc. follows a rigorous quality assurance/quality control ("QA/QC") protocol on all of its exploration projects. Drill core of interest is sawn in half, with one half retained for future reference and one half sent to a commercial laboratory, SGS Laboratories in Garson, Ontario. The company's QA/QC protocol includes the insertion of standards and blanks for each batch of samples.