NIQUELANDIA - INV
300 km NE of Goiania - Go
Commodities: Gold, Nickel, Palladium, Platinum
September 30, 2008
Five diamond drill holes totaling 1,166 metres were completed to test previously
reported polymetallic copper-nickel-precious metal soil geochemical and IP chargeability anomalies. An intecept from hole FSNQ-05 intersected 2.6m @ 0.089 g/t Pt, 0.648 g/t Pd, 0.265 g/t Au and 0.35% Ni from 86.7m. Also,
15 vertical diamond drill holes totaling 139 metres were completed to evaluate the laterite potential of the northern portion of the property. Using a 0.8% nickel cutoff grade, hole FSNQ-13 intersected 0.93m @ 1.06% Ni, 26.07% Fe2o3, 0.04% Co and 25.8% MgO from 0m
June 30, 2008
Exploration activities at Niquelândia consisted of gridding, soil geochemical, induced
polarization, electromagnetic, and geological surveys and drilling.
March 31, 2008
The soil geochemical survey identified two highly anomalous trends ranging from 700 metres to 1,300 metres long by 100 metres to 400 metres wide. Copper in soil values range from 250 ppm to a high of 4,000 ppm, nickel from 2,086 ppm to a high of 15,000 ppm (1.5%), platinum from 49 ppb to a high of 476 ppb, and palladium in soil values range from 109 ppb to a high of 655 ppb. The very high metal assays in soil may be a result in part from lateritic enrichment. The induced polarization survey outlined 14 anomalous trends, suggesting a potential copper-nickel sulphide bedrock source. Combining the IP, geological and geochemical data has indicated three high priority coincident anomalies ranging up to 1.4 kilometres in length. Mapping and sampling in and near these anomalous areas located a number of rock samples containing up to 3% disseminated sulphide minerals, indicating nickel-copper sulphide targets rather than nickel laterite targets. Analytical results of bedrock grab sample assays range from anomalous to 0.5% nickel, with one sample assaying 1.4% nickel. Drilling of these high priority coincident geological, geophysical and geochemical targets will follow receipt of the required approvals and permits and is expected to be initiated in the second quarter.