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RNC Minerals
Summary
| Project: | Qiqavik | |
|---|---|---|
| Deposit: | Gerfaut Zone | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/19/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-9-2016: RNC Minerals announces an Exploration/Drilling Update report for its Gerfaut Zone deposit at the Qiqavik project. Drilling results incl. 1.43m @ 1.17g/t Au from 34.50m. TORONTO, Sept. 19, 2016 /CNW/ - RNC Minerals' (TSX: RNX) (OTCQX: RNKLF) 68% | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Alger St-Jean (Internal) | |
| ABSTRACT: | TORONTO, Sept. 19, 2016 /CNW/ - RNC Minerals' (TSX: RNX) (OTCQX: RNKLF) 68% owned subsidiary True North Nickel ("TNN") has discovered two new high grade gold mineralized zones at its Qiqavik Project in Northern Quebec. The new discoveries have extended the district-scale mineralized trend at Qiqavik to over 40 km, more than doubling the known extent of the trend. Prospecting in 2016 has resulted in the discovery of two new intrusion related high grade gold occurrences, the Aurora and Esperance zones, yielding multiple surface grab samples ranging from 5 to 189 g/t gold and up to 10% copper. Several outcropping areas, also containing high grade silver and zinc, represent a potentially important new discovery in an underexplored volcano-sedimentary belt within the Cape Smith Belt. These new discoveries follow-up on the success of the 2015 exploration program that outlined high grade gold mineralization with values up to 198 g/t in surface grab samples over a strike length of 15 km. Drilling in 2016 was focused on the Gerfaut Zone in the eastern part of the Qiqavik Property (Figure 1) to test IP anomalies defined in the early stages of the 2016 program. Priority was given to anomalies coincident with mineralized boulders. In total 550m were drilled in 6 holes (Table 2). Due to drilling technical difficulties, only 55% of the planned 1000m of drilling was completed. Also, three of the six holes failed to reach target depth due to drilling technical difficulties leaving these targets untested. Drilling returned several intervals grading greater than 1 g/t Au (Table 3). The source of the high-grade gold boulders in the Gerfaut Zone has not been identified; consequently this area remains prospective for future exploration. The most interesting drilling results were from hole QK-16-006 that was terminated at 56 metres before reaching target depth due to technical difficulties. This hole targeted a strong chargeability anomaly associated with a strong resistivity anomaly at 90 metres depth but intersected a zone of gold mineralization in the upper portion of the hole that yielded 1.17 g/t Au over 1.43m from 34.5 metres. This geophysical anomaly remains untested. | |
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