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FOND DU LAC (AXIS LAKE)

Co
12.70
USD/lb
1.63
green
Data as of May 20, 2013 12:00AM UTC
Cu
3.30
USD/lb
-0.73
red
Data as of May 20, 2013 12:00AM UTC
Ni
6.74
USD/lb
-0.03
red
Data as of May 20, 2013 12:00AM UTC


Key Facts
Status: Exploration
Type of Work: Surface
Location: Saskatchewan, Canada
                 20 km NW of STONY RAPIDS

Commodities: Cobalt, Copper, Nickel
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Latest Information
March 12, 2009
The company announced the results of a ZTEM survey conducted by Geotech on their Fond du Lac property. Using this data Geotech was able to test the ZTEM capability to identify potential along-strike and deep extension of the known Ni-Cu mineralization below 500 metre depths. In particular, the ZTEM results provide indications of the longer strike continuity of the known mineralized horizons, as compared to the VTEM results. Importantly for Pure Nickel, the ZTEM survey identified a new anomaly northwest of the known Axis Lake Ni-Cu mineralized horizon and south of Currie Lake. This represents a new target for follow-up exploration.
September 13, 2007
Reports drill results for remaining 8 holes of the 2007 drilling program. Highlights of the new drill results include: drill hole RL-PNI-07-15 intersected 41.4 m of 0.12% Ni and 0.11% Cu confirming the thickness and extent of the stratabound mineralization associated with the western portion of the Rea Lake Ni-Cu horizon. Drilling the 3 km length of this horizon in 2007 has demonstrated that the western portion of this horizon is at least two to three times as thick as its central and eastern counterparts. An exploratory drill hole in a large magnetic feature (Rea Lake South Magnetic Anomaly) 600 m south of the Rea Lake horizon intersected 3 disseminated Ni-Cu sulphide intervals with grades similar to those in the Rea Lake horizon.
August 15, 2007
Reported drill results for the first 11 holes of the 2007 exploration, drilling and analytical program. During the 2007 drill program the company completed 19 diamond drill holes totaling 3,127 metres. Drilling tested a limited area of known mineralization on the Rae Lake mineralized horizon and a possible extension to the Axis Lake East Zone horizon. Highlights of the program include: 1.90 % Ni, 0.38 % Cu over 0.15 m from the Axis Lake “West Zone” indicating higher grade mineralization at depth; hole RL-PNI-07-02 intersected 41 metres of 0.14% Cu, 0.15% Ni at Rae Lake mineralized horizon.

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