More results to come for MMW.T
Winter Drilling Program
The winter drilling program is nearing completion with 47 holes drilled for 9,882m out of a planned 52 holes. The first part of the program focused on ice drilling to test several targets occurring under lakes, swamps and watercourses, which are easier to access when frozen in the winter months (Figure 1). These targets included:
-- EM conductors in the southern part of Current Lake; -- Magnetic targets under the northern part of Current Lake and Beaver Lake, adjacent to the mineral resource area; and -- Several shallow regional targets in the EWC Complex and the South-East Anomaly area.
This part of the drilling program has been completed and most assay results have been received.
The second part of the program focused on two land targets:
-- Magnetic anomalies east of Beaver Lake; and -- The central part of the Steepledge Lake Intrusive Complex.
Assay results are pending for this part of the program. Drilling is currently in progress on the Steepledge Lake Intrusive Complex.
To view, "Figure 1. Intrusive complexes and the winter drilling program at the Thunder Bay North," please visit the following link: https://media3.marketwire.com/docs/magmaFig1.pdf
EM Targets - South Current Lake
Drilling of EM targets in the Current Lake Intrusive Complex has shown a good correlation between high-grade mineralization and EM conductors, particularly down-hole EM conductors.
A number of EM conductors have been mapped in the southern part of Current Lake. A down-hole EM conductor is broadly associated with an airborne versatile time-domain EM (VTEM) anomaly which runs along the western margin of the peridotite intrusion hosting the mineralization in this area. Drill holes TBND233 and TBND215 targeted the centre and northern part of the down-hole EM conductor, respectively (Figures 2 and 3). These holes intersected thick zones of mineralization (Tables 1 and 2):
TBND233: 53.65m @ 3.86g/t Pt, 3.72g/t Pd (7.58g/t Pt+Pd), 0.92% Cu &
0.51% Ni,
including: 33.00m @ 5.60g/t Pt, 5.39g/t Pd (10.99g/t Pt+Pd), 1.29% Cu &
0.71% Ni.
TBND215: 55.05m @ 1.20g/t Pt, 1.05g/t Pd (2.25g/t Pt+Pd), 0.26% Cu &
0.17% Ni,
including: 3.00m @ 5.46g/t Pt, 4.18g/t Pd (9.64g/t Pt+Pd), 0.79% Cu & 0.24%
Ni,
and: 4.00m @ 3.12g/t Pt, 2.80g/t Pd (5.92g/t Pt+Pd), 0.61% Cu & 0.34%
Ni.
The results confirmed and significantly upgraded the lens of high-grade mineralization in this area broadly defined by previous drilling.
A group of surface EM conductors along the eastern margin of the intrusion in