2.5 km with grades up to 1.74% Ni, 1.28% CuDrilling Results from Main Grid of B20 Property
May 7, 2002 - Ressources Appalaches (Tsx-V-APP) and Marum Resources (Tsx-V-MMU) have completed the analysis and interpretation of the results of the 2002 winter drilling program on the B20 property near Port Cartier, Quebec.
Results from the eastern part of the property, the Inco Grid, were reported on April 29 2002, consisting principally of two holes that intersected approximately 10 metres of massive sulphides containing enriched sections that carry up to 1.2% nickel, 1.6% copper, 0.13% cobalt and 0.4 g/t platinum.
The Main Grid drill program has also returned economically significant results. Four of the eight holes drilled into the Main Grid cut nine massive sulphide mineralized zones from 4 to 65 metres thick carrying values up to 1.6% nickel, 1.5% copper, 0.18% cobalt and 0.2 g/t platinum-palladium. The four other holes did not contain economic results.
Hole F02-14 intercepted two thick mineralized horizons carrying 0.20% Ni, 0.14% Cu (1.3% copper equivalent) over 54.25 metres and 0.16% Ni, 0.12% Cu (1.04% copper equivalent) over 64.75 metres. These intercepts contain 22 massively sulphided bands, including a 2 metre intercept carrying 0.94% Ni, 0.49% Cu and 0.17% Co (6.2% copper equivalent). This hole is located approximately 400 metres from holes F00-04 and F00-06, drilled in 2000, where significant mineral intercepts were encountered, including 0.43% Ni over 12.7 metres in F00-04 and 0.33% Ni over 30.1 metres and 0.22% Ni over 53.2 metres in F00-06.
FROM TO from to Width
(m) Ni
% Cu
% Co
% %Cu Equivalent*
93.85 96.00 2.15 0.34 0.21 0.07 2.36
163.55 183.50 19.95 0.17 0.15 0.03 1.13
69.10 87.30 18.20 0.33 0.30 0.05 2.20
incl. 83.80 87.30 3.50 0.66 0.46 0.10 4.33
132.80 137,00 4.20 0.61 0.30 0.03 3.26
4.20 58.45 54.25 0.20 0.14 0.03 1.30
incl. 22.40 32.50 10.10 0.38 0.29 0.06 2.54
incl. 38.00 46.30 8.30 0.36 0.22 0.04 2.20
111.00 175.75 64.75 0.16 0.12 0.02 1.04
incl. 111.00 123.20 12.20 0.25 0.15 0.03 1.55
incl. 128.80 144.00 15.20 0.23 0.21 0.04 1.57
Copper equivalent grades are calculated with a Ni/Cu ratio of 4.5 and a Cu/Co ratio of 9.0 based on metal prices published in the April 17 2002 issue of the Northern Miner. Assays were performed by Chimitec in Val d'Or, using atomic absorption for Cu-Ni-Co-Zn-AG and by FADCP for Au-Pt-Pd.
Drill holes F02-01 and F02-02 were located to intercept a strong electromagnetic conductor at a depth of 150 metres. These holes cut several mineralized horizons up to approximately 20 metres thick (F02-01: 0.17% Ni and 0.15% Cu over 19.95 metres and F02-0 : 0.33% Ni and 0.30% Cu over 18.20 metres). Within these horizons, massive sulphide veins and layers, between 0.25 and 1.35 metres thick carry approximately 1% nickel. These mineralized bands are interpreted as being a contributory cause of the electromagnetic anomaly. It is also possible that another, deeper, contributory conductive layer exists due to the high intensity of the anomaly and the fact that higher grade mineralization consisting of 0.52% Ni, 0.66% Cu and 0.12% Co over 1.86 metres was intercepted near the bottom of hole F02-01 and may be representative of more persistent high grade mineralization at depth.
Hole F02-13 intercepted two distinct mineralized horizons just over 4 metres thick. The most interesting zone is located at 115 metres depth and consists of several injections of nickel-enriched massive sulphides (1.65%, 1.48% and 1.64% Ni). These high grade horizons can be easily correlated to mineralization in holes F00-01 and F00-02, drilled in 2000, where three samples carried values of 2.0% Ni, 2.1% Ni and 2.2% Ni.
The drill programs on both the Inco Grid at the east end of the B20 property, reported on April 30 2002, and the on the Main Grid in the central part of the property have now generated enough geological information to allow the joint venture partners to define a preliminary geometry for the massively sulphided metal-rich bodies that occur extensively at surface. Simply put, the B20 surface bodies are laterally consistent and have so far been reliably extended to a vertical depth of 100 metres. There are geological indications that the B20 mineralized bodies, such as the one recently defined on the Inco Grid, measuring 500 by 100 by 10 metres, and a newly defined zone near hole F02-13 on the Main Grid extend well below 100 vertical metres. In summary, the B20 winter drilling program was a great beginning to the definition of large, persistent and deep nickel-, copper-, and platinum-bearing massive sulphide systems.
The B20 winter drill program met or exceeded every objective. Consequently, Ressources Appalaches and Marum Resources have enthusiastically decided to extend the B20 property drill program throughout the spring and summer of 2002.