VALOZORO

6.82

USD/lb

1.25

green

http://www.infomine.com/investment/metal-prices/nickel/

Data as of May 21, 2013 12:00AM UTC

Key Facts

Status: Exploration
Type of Work: Surface

Location: Madagascar
60 km North of FIANARANTSOA

Commodities: Nickel

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Latest Information

March 31, 2008
Reported to have completed a channel sampling program of 424 prospecting pits, logged and sampled at half metre intervals. In finality 5149 samples collated by the program are currently being analyzed.

October 1, 2007
Reported that currently undertaking a new extensive channel sampling program of over 400 of the existing prospecting pits with samples being taken at half metre intervals to determine the actual contained value of the ore body in terms of both nickel and secondary products such as cobalt. In excess of 8,000 channel samples are expected to be generated from this program

March 4, 2004
Results of an intial reconnaissance sampling were announced. Results confirm the presence of a high grade nickel deposit at the Valozoro site. The reconnaissance sampling collected one meter chip and channel samples through the lateritic profile by re-visiting 18 of more than 454 pits excavated on the property during 1956 and 1957. In addition, mineralization was sampled in road cuts and hillside exposures, and 170 of the old pits were located and logged for depth. Although some pits reach a depth of 17.5 meters, equipment constraints restricted sampling to pits with a maximum depth of 8 metres, and confined sampling results mainly to the upper 6.6 meters of lower-grade material. Sampling returned grades between 0.61% and 1.77% nickel over thicknesses of 4 to 6 meters in 10 of the 18 pits sampled in this upper horizon. Improved grades were seen where sampling reached the serpentinised lower part of the deposit, with intervals between 3.5% and 5.9% nickel in three pits. Grab and chip samples collected in road cuts and slump exposures of the laterite horizon returned values as high as 8.56% nickel from the argillaceous serpentine of the exposed lower horizon.

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