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Fjordland Exploration Inc.
Summary
| Project: | South Voiseys Bay | |
|---|---|---|
| Deposit: | South Voiseys Bay | |
| Location: | Canada | |
| Commodities: | Nickel-Cobalt-Copper | |
| Date: | 10/24/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 24-10-2018: Fjordland Exploration Inc. announces an Exploration/Drilling Update report for its South Voiseys Bay deposit at the South Voiseys Bay project. Drilling results incl. 9.97m @ 1160ppm Cu, 1413ppm Ni, 130ppm Co from 43.0m. Vancouver, BC, January | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Victor Tanaka (Not stated) | |
| ABSTRACT: | Vancouver, BC, January 18, 2018 ─ Fjordland Exploration Inc. (“Fjordland”) (TSX-V: FEX) and project partner Commander Resources Ltd. ("Commander") (TSX-V: CMD) provide results from the recent drilling at their South Voisey’s Bay nickel-copper-cobalt project (the “SVB Property”) located 80 kilometres south of Vale's Voisey's Bay nickel mine located in Labrador, Canada. The exploration program was completed in October 2017 and comprised 1,469 metres of drilling in eight holes and accompanying borehole geophysics for five of the holes. Best results were from holes 17-2 which returned 0.8 metres grading 0.63% nickel, 0.30% copper and 0.1% cobalt and hole 17-6 which returned 3.9 metres grading 0.37% nickel, 0.27% copper and 0.1 % cobalt. The intersections are semimassive to massive sulphide comprised of pyrrhotite, pentlandite and chalcopyrite. Both intersections occur within or at the base of the Worm Gabbro within a sequence of troctolite. They are overlain by several metres of blebby and net textured sulphides. Holes 17-3, 5 and 7 returned low nickel values. Three holes, 17-1, 17-4 and 17-8, located 1.8 km south of hole 17-6 tested a prominent low angle conductor within paragneiss adjacent to an arm of the Worm Gabbro and all three holes encountered zones of high sulphide with low nickel values hosted by structures and sometimes accompanied by mixed gabbro breccia. Borehole Electro-Magnetic (BHEM) data, collected by Crone Geophysics in November, defined several extremely high conductivity targets between holes 17-1, 17-4, and 17-8. In addition, BHEM data from holes 17-6 and 17-7 delineate a strong conductor associated with the intersected sulphides, and an even stronger non-decaying off-hole conductor. Drill results are summarized below in Table 1 and hole locations in Table 2 at the end of this release. Sections and plans will be posted to the company website. Reported core lengths are estimated to be true width for hole 17-6, while hole 17-2 is of unknown orientation. | |
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