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NICKEL LAKE
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Key Facts
Location:
Ontario, Canada
30 km NNW of SUDBURY Commodities: Copper, Nickel, Platinum
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Comparable Properties
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Latest Information  September 14, 2004 Aurora has released further drill results from the Nickel Lake zone in Sudbury, Ontario. Hole NI-25a intersected patchy semi-massive to locally massive sulphides (approximately 15% total sulphides) within inclusion bearing quartz diorite over a core length of 9.59 m, extending from a downhole depth of 817.26 m to 826.85 m. This interval returned a length weighted average grade of 0.70% Ni and 0.22% Cu, including a more massive section that yielded 1.76% Ni and 0.19% Cu over 1.4 m. Modelling of the borehole UTEM results indicates that Hole NI-25a intersected the eastern margin of an east-trending, northerly dipping, strongly conductive plate. Drilling and borehole UTEM modelling to date have established the presence of a conductive zone extending up to 100 m in strike and in excess of 435 m in vertical depth along the hanging wall of the Foy offset dike (480 m to 915 m below surface). Boreholes NI-21, NI-22, NI-25 and NI-25a have intersected the modelled plate confirming the presence of economically significant sulphides over a vertical extent of approximately 305 m. September 14, 2004 Released the latest drill results from the Nickel Lake zone. Hole NI-25a was drilled to undercut the semi-massive sulphide intersection of hole NI-25 (0.92% Ni and 0.87 % Cu over 27.7 m, including 1.34% Ni and 0.53% Cu over 4.7 m), and to probe the modelled constriction of the Foy offset dike caused by the flattening of the dike's footwall contact. The borehole was also designed to test the bottom portion (approximately 815 m vertical) of the strongly conductive borehole UTEM response modelled from hole NI-24. Hole NI-25a intersected patchy semi-massive to locally massive sulphides (approximately 15% total sulphides) within inclusion bearing quartz diorite over a core length of 9.59 m, extending from a downhole depth of 817.26 m to 826.85 m. This interval returned a length weighted average grade of 0.70% Ni and 0.22% Cu, including a more massive section that yielded 1.76% Ni and 0.19% Cu over 1.4 m. Modelling of the borehole UTEM results have just been completed and indicates that hole NI-25a intersected the eastern margin of an east-trending, northerly dipping, strongly conductive plate. Drilling and borehole UTEM modelling to date have established the presence of a conductive zone extending up to 100 metres in strike and in excess of 435 metres in vertical depth along the hanging wall of the Foy offset dike (480 m to 915 m below surface). Boreholes NI-21, NI-22, NI-25 and NI-25a have intersected the modelled plate confirming the presence of economically significant sulphides over a vertical extent of approximately 305 m. Drilling and geophysical results indicate that the sulphides represent a pipe-like body with a moderately steep westerly plunge. The sulphides appear to be concentrated at a constriction developed within the Foy offset dike as a result of a flattening of the footwall contact and the presence of a mega-inclusion against the footwall margin of the dike. Hole NI-24a is currently in progress as a down-wedge hole emanating from the 450-metre mark of drill hole NI-24. June 14, 2004 Released assay results of its recent exploration drilling program on the Nickel Lake zone, Foy Offset, Sudbury, Ontario, part of its Nickel Lake option/joint venture with Inco Ltd. Hole NI-25 intersected a 40.7 m interval that returned 0.77% Ni, 0.87% Cu and 425 ppb Pt+Pd+Au. Hole NI-25a, a wedge hole drilled off and below NI-25, is nearing completion and has intersected the mineralized zone approximately 60 m downdip, below the NI-25 intersection. Further drilling is planned following a borehole UTEM survey. |
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