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Rock sampling some of the numerous gossans along the contact of a Proterozoic, ultramafic intrusive with Archean Age, metasediments has located high-grade copper, nickel and Palladium mineralization. As well, high concentrations of cobalt and platinum were also obtained. Highlights of Assay Results from the 2021 Summer Program from each area examined are enclosed below in Table # 1. Tables of each of the areas sampled and mapped are also posted within this release.
Table # 1 Highlights of Assay Results
Sample | Area | Cu % | Ni % | Co ppm | Pt ppm | Pd ppm |
V996601 | 1.55 | 0.57 | 589 | 0.53 | 1.1 | |
V996619 | 15.40 | 5.90 | 1550 | 0.69 | 11.8 | |
V996621 | 11.50 | 0.08 | 32.6 | 4.06 | 44.5 | |
V996674 | West Margin | 5.66 | 0.02 | 24.9 | 0.15 | 4.18 |
V996670 | Funnel | 2.98 | 0.08 | 41.6 | 0.05 | 6.42 |
V996663 | 2.38 | 0.85 | 1440 | 0.01 | 0.68 | |
V996653 | Val | 0.90 | 0.63 | 871 | 0.01 | 0.06 |
HardyForzley, Chief Executive Officer of
Purpose of 2021 Field Program
The purpose of the 2021 summer exploration program was to enable
Discussion on 2021 Program Results
Previous work and Dr. Zhang’s recent studies support the concept that the property shares a similar scale, geology and known mineralization style to theNorilsk-Talnakhin northern
The Company’s 2021 assay results confirmed historic results and a significant number of historic drill collars were located and surveyed.
The enclosed Figure # 1 diagram outlines the areas rock sampled and structurally mapped during the 2021 field season. These areas were selected based on historical assay results and the outcrop exposures enabling the structural studies.
Figure # 1 – Location Map of Areas Sampled
Click Image To View Full Size
Discussion on Areas Sampled
Sampling was restricted to outcrops along the ultramafic intrusive/meta-sediment contact as most of the intrusive does not outcrop. Sampling consisted of grab samples where mineralization was observed.Not previously recorded are the high concentrations of cobalt associated with the copper and nickel mineralization. Table # 2 lists the grab sample results from the 2021 program.
Table # 2 Speers Lake – 2021 Rock Sample Results
Sample | UTM E | UTM N | Cu % | Ni % | Co ppm | Pt ppm | Pd ppm |
V996601 | 579668 | 7428454 | 1.55 | 0.57 | 589 | 0.53 | 1.1 |
V996602 | 579666 | 7428462 | 0.95 | 0.38 | 277 | 0.11 | 1.04 |
V996603 | 579739 | 7428126 | 0.94 | 0.34 | 1100 | 0.01 | 0.11 |
V996604 | 579678 | 7428405 | 0.59 | 0.30 | 591 | 0.04 | 0.15 |
V996605 | 579747 | 7428245 | 0.07 | 0.04 | 71.3 | 0.01 | 0.06 |
V996606 | 579738 | 7428659 | 0.90 | 0.62 | 1020 | 0.01 | 0.61 |
V996607 | 579738 | 7428784 | 0.91 | 0.36 | 398 | 0.04 | 0.33 |
V996608 | 579737 | 7428810 | 0.30 | 0.09 | 125 | 0.03 | 0.13 |
V996609 | 579746 | 7428999 | 0.66 | 0.32 | 718 | <0.01 | 0.14 |
V996610 | 579747 | 7429015 | 0.29 | 0.11 | 251 | 0.01 | 0.06 |
V996611 | 579758 | 7430134 | 0.09 | 0.14 | 111.5 | 0.02 | 0.07 |
V996612 | 579749 | 7430144 | 1.08 | 0.89 | 1665 | <0.01 | 0.31 |
V996613 | 579734 | 7430126 | 0.17 | 0.17 | 148.5 | 0.04 | 0.13 |
Listed below are some of the more significant precious and base metal assay results from historical geochemical rock sampling and diamond drilling.
Historical Rock Geochemistry – Grab Samples
Pt | Pd | Au | Cu | Ni |
(g/tonne) | (g/tonne) | (g/tonne) | (%) | (%) |
0.87 | 5.48 | 5.0 | 3.50 | 0.18 |
2.55 | 3.43 | 2.0 | 0.45 | 0.24 |
Historical
FROM | TO | THICKNESS | Pt | Pd | Au | Cu | Ni |
(m) | (m) | (m) | (g/tonne) | (g/tonne) | (g/tonne) | (%) | (%) |
94.40 | 95.10 | 0.70 | 1.94 | 38.45 | 6.03 | 1.18 | 3.89 |
107.23 | 107.63 | 0.40 | 5.57 | 52.71 | 1.41 | 0.22 | 3.79 |
*Thickness is core length; true width is unknown.
Figure # 2 provides the historic surface sample locations and results and shows the company’s current mineral claims.
Figure # 2 Historic Pt+Pd+Au Rock Sample Results on McGregor Lake Property
Click Image To View Full Size
*Thickness is core or chip sample length; true width is unknown.
Tables 3 to 8 below outline all the samples collected in 2021 from the
Table # 3 -
Sample | UTM E | UTM N | Cu % | Ni % | Co ppm | Pt ppm | Pd ppm |
V996614 | 579531 | 7416049 | 0.32 | 0.21 | 117 | 0.01 | 0.2 |
V996615 | 579542 | 7416011 | 3.23 | 0.41 | 317 | 0.07 | 2.09 |
V996616 | 579540 | 7416012 | 1.78 | 0.20 | 157 | 0.07 | 0.63 |
V996617 | 579551 | 7415964 | 1.19 | 0.05 | 31.7 | 0.19 | 1.84 |
V996618 | 579553 | 7415966 | 0.19 | 0.01 | 4.1 | <0.01 | 0.02 |
V996619 | 579551 | 7415965 | 15.40 | 5.90 | 1550 | 0.69 | 11.8 |
V996620 | 579557 | 7415910 | 0.15 | 0.09 | 156 | <0.01 | 0.11 |
V996621 | 579486 | 7415682 | 1.66 | 1.19 | 1270 | 0.01 | 0.19 |
V996622 | 579531 | 7415631 | 0.32 | 0.03 | 21.6 | 0.03 | 0.76 |
V996623 | 579541 | 7415616 | 0.12 | 0.02 | 24.2 | 0.01 | 0.2 |
V996624 | 579531 | 7415582 | 0.40 | 0.27 | 227 | 0.06 | 0.68 |
V996625 | 579532 | 7415577 | 0.81 | 0.34 | 349 | 0.02 | 0.67 |
V996626 | 579544 | 741523 | 6.15 | 0.04 | 45.3 | 0.05 | 0.73 |
V996627 | 579561 | 7415474 | 0.46 | 0.05 | 1090 | 0.09 | 0.17 |
V996628 | 579524 | 7415516 | 0.61 | 0.99 | 636 | 0.07 | 0.57 |
V996629 | 579598 | 7415065 | 11.50 | 0.08 | 32.6 | 4.06 | 44.5 |
V996630 | 579596 | 7415046 | 0.52 | 0.27 | 280 | 0.04 | 0.42 |
V996631 | 579602 | 7415064 | 8.72 | 0.12 | 31.5 | 1.78 | 14.2 |
V996632 | 579599 | 7415060 | 1.09 | 0.79 | 1265 | 0.01 | 0.29 |
V996633 | 579574 | 7415251 | 9.98 | 0.31 | 205 | 0.13 | 0.29 |
V996634 | 579599 | 7415397 | 0.34 | 0.15 | 246 | 0.02 | 0.27 |
V996635 | 579629 | 7427824 | 1.22 | 0.62 | 791 | 0.14 | 1.02 |
V996636 | 579627 | 7427854 | 0.32 | 0.18 | 227 | 0.06 | 0.35 |
V996637 | 579634 | 7427901 | 0.39 | 0.12 | 317 | 0.03 | 0.08 |
Table # 4 - West Margin
Sample | UTM E | UTM N | Cu % | Ni % | Co ppm | Pt ppm | Pd ppm |
V996671 | 578419 | 7408894 | 0.28 | 0.17 | 182 | <0.01 | 0.16 |
V996672 | 578432 | 7408860 | 2.90 | 1.17 | 1095 | <0.01 | 1.29 |
V996673 | 578430 | 7408823 | 1.39 | 0.51 | 460 | 0.37 | 1.73 |
V996674 | 578449 | 7408781 | 5.66 | 0.02 | 24.9 | 0.15 | 4.18 |
V996675 | 578462 | 7408736 | 0.79 | 0.81 | 828 | 0.05 | 0.33 |
V996676 | 578463 | 7408702 | 1.58 | 0.78 | 773 | 0.14 | 1.49 |
V996677 | 578523 | 7408483 | 1.17 | 0.05 | 36.8 | 0.02 | 1.24 |
V996678 | 578523 | 7408483 | 1.40 | 0.05 | 79 | 0.02 | 0.37 |
V996679 | 578529 | 7408464 | 0.16 | 0.11 | 240 | 0.02 | 0.18 |
V996680 | 578534 | 7408445 | 0.33 | 0.37 | 853 | 0.02 | 0.09 |
V996681 | 578567 | 7408407 | 1.64 | 0.88 | 1250 | <0.01 | 0.48 |
V996682 | 578558 | 7408577 | 0.66 | 0.43 | 675 | 0.04 | 0.29 |
V996683 | 578547 | 7408288 | 0.94 | 0.31 | 344 | <0.01 | 0.28 |
V996684 | 578643 | 7408072 | 1.63 | 0.82 | 805 | <0.01 | 0.79 |
V996685 | 578738 | 7407643 | 0.60 | 0.02 | 21.5 | <0.01 | 0.42 |
V996686 | 578638 | 7407922 | 0.65 | 0.51 | 657 | 0.03 | 0.26 |
Table # 5Funnel Area
Sample | UTM E | UTM N | Cu % | Ni % | Co ppm | Pt ppm | Pd ppm |
V996667 | 579844 | 7403324 | 0.75 | 0.44 | 496 | 0.01 | 0.16 |
V996668 | 579869 | 7403160 | 0.39 | 0.19 | 160 | 0.01 | 0.11 |
V996669 | 579869 | 7403157 | 0.40 | 0.16 | 124 | 0.01 | 0.16 |
V996670 | 579206 | 7403507 | 2.98 | 0.08 | 41.6 | 0.05 | 6.42 |
V996687 | 580395 | 7402059 | 0.48 | 0.23 | 293 | 0.02 | 0.25 |
V996688 | 580415 | 7402013 | 2.26 | 0.30 | 371 | 0.08 | 1.34 |
V996689 | 580492 | 7401836 | 0.19 | 0.09 | 159.5 | 0.01 | 0.14 |
V996690 | 580523 | 7401730 | 1.71 | 0.85 | 350 | 0.04 | 1.23 |
V996691 | 580563 | 7401562 | 0.26 | 0.04 | 35.6 | 0.04 | 0.34 |
V996692 | 580568 | 7401559 | 0.31 | 0.13 | 327 | 0.01 | 0.09 |
V996693 | 581514 | 7401871 | 0.28 | 0.11 | 106 | 0.02 | 0.28 |
V996694 | 581516 | 7401950 | 0.18 | 0.12 | 198.5 | <0.01 | 0.1 |
V996695 | 581503 | 7401994 | 0.61 | 0.19 | 89.2 | 0.08 | 0.79 |
V996696 | 581517 | 7402045 | 1.32 | 0.37 | 193 | 0.11 | 0.64 |
V996697 | 581504 | 7402070 | 1.13 | 0.32 | 207 | 0.12 | 0.87 |
V996698 | 581498 | 7402217 | 0.31 | 0.07 | 48.1 | 0.04 | 0.31 |
V996699 | 581486 | 7402257 | 0.26 | 0.12 | 149.5 | 0.01 | 0.17 |
Table # 6 -
SAMPLE | UTM E | UTM N | Cu % | Ni % | Co ppm | Pt ppm | Pd ppm |
V996656 | 580775 | 7406662 | 0.74 | 0.42 | 604 | <0.01 | 0.15 |
V996657 | 580753 | 7406811 | 1.24 | 0.53 | 1050 | 0.01 | 0.2 |
V996658 | 580754 | 7406884 | 0.44 | 0.10 | 82 | 0.04 | 0.41 |
V996659 | 580795 | 7407094 | 0.64 | 0.45 | 664 | 0.04 | 0.33 |
V996660 | 580784 | 7407250 | 0.54 | 0.21 | 512 | 0.01 | 0.07 |
V996661 | 580781 | 7407318 | 0.34 | 0.11 | 285 | <0.01 | 0.04 |
V996662 | 580786 | 7407393 | 0.23 | 0.10 | 192 | 0.01 | 0.06 |
V996663 | 580785 | 7407422 | 2.38 | 0.85 | 1440 | 0.01 | 0.68 |
V996664 | 580795 | 7407514 | 1.02 | 0.53 | 748 | 0.13 | 1.64 |
V996665 | 580783 | 7407530 | 0.61 | 0.44 | 590 | 0.02 | 0.29 |
V996666 | 580758 | 7407715 | 0.77 | 0.45 | 614 | 0.01 | 0.24 |
Table # 7 -
Sample | UTM E | UTM N | Cu % | Ni % | Co ppm | Pt ppm | Pd ppm |
V996639 | 580642 | 7410489 | 1.85 | 1.72 | 2220 | 0.07 | 0.59 |
V996640 | 580725 | 7410219 | 1.13 | 0.03 | 27.5 | 0.17 | 1.22 |
V996641 | 580752 | 7410160 | 3.01 | 0.03 | 27 | 0.08 | 0.4 |
V996642 | 580756 | 7410137 | 0.09 | 0.05 | 75.9 | <0.01 | 0.06 |
V996643 | 580755 | 7410120 | 0.45 | 0.14 | 90 | 0.05 | 0.49 |
V996644 | 580764 | 7410106 | 0.32 | 0.44 | 53.2 | 0.03 | 0.28 |
V996645 | 580786 | 7410020 | 0.39 | 0.48 | 39.7 | 0.02 | 0.14 |
Table # 8 -
Sample | UTM E | UTM N | Cu % | Ni % | Co ppm | Pt ppm | Pd ppm |
V996646 | 580967 | 7405311 | 0.62 | 0.41 | 666 | 0.02 | 0.14 |
V996647 | 580966 | 7405299 | 0.54 | 0.32 | 392 | 0.02 | 0.21 |
V996648 | 580978 | 7405216 | 0.36 | 0.12 | 113.5 | 0.02 | 0.22 |
V996649 | 581018 | 7405172 | 1.09 | 0.16 | 147 | 0.15 | 1.22 |
V996650 | 580996 | 740933 | 0.11 | 0.03 | 133 | 0.01 | 0.03 |
V996651 | 581216 | 7404177 | 0.65 | 0.35 | 643 | <0.01 | 0.08 |
V996652 | 581217 | 7404163 | 0.27 | 0.09 | 187.5 | <0.01 | 0.05 |
V996653 | 581232 | 7404040 | 0.90 | 0.63 | 871 | 0.01 | 0.06 |
V996654 | 581237 | 7403967 | 0.71 | 0.60 | 1195 | 0.02 | 0.29 |
V996655 | 581254 | 7403801 | 1.33 | 0.32 | 308 | 0.11 | 0.6 |
Historic Exploration Drilling Programs
The companies’ project covers the southern exposure of the Proterozoic, Layered Muskox Ultramafic Intrusive (LMUI). The LMUI outcrops over 80 kilometers along strike and could be one of the largest layered, ultramafic complexes in the world based on regional airborne surveys. The region has received only sporadic, systematic exploration since its first discovery and exploration by Inco in the late 1950’s. Additional systematic exploration was not conducted again until the 1980’s and in 1999 to 2007. Several rounds of geochemical, geophysical, geological mapping and limited diamond drilling have been undertaken on the property. These studies have been able to define at least two sulphide pulses associated with the emplacement of the LMUI. These pulses both contain high nickel and copper concentrations with associated precious metals (see
Stratiform, layered mineralization is known to occur in one of the early pulses of magma from the ultramafic, layered intrusive complex. Mineralization in the form of pyrrhotite, pentlandite, chalcopyrite are the more common minerals observed. Concentrations of Copper, Nickel, Platinum, Palladium, and Cobalt occur within this horizon that extends for over 40 kilometres.Key evidence and similarities to Norilsk indicate the massive sulphide mineralization is a later event than the disseminated mineralization at
Remobilized mineralization is also present and might have occurred due to the emplacement of later Proterozoic diabase dykes. Below in Table # 9 are some of the more significant, historical precious metal assay results from surface rock sampling. Exceptionally high, precious metals values for primary layered intrusive style mineralization. Previous exploration programs focused on primary mineralization, with no consideration towards secondary remobilization and precious metal enrichments along known, steeply dipping structures.
Table # 9 Historical Assays
Pd | Pt | Au | Length |
g/tonne | g/tonne | g/tonne | Metres |
126.59 | 11.52 | 5.6 | 0.76 |
28.3 | 3.11 | 1.24 | 0.21 |
74.96 | 4.04 | 4.35 | 0.55 |
16.8 | 1.84 | 0.62 | 0.66 |
90.82 | 6.84 | 5.6 | 0.21 |
134.99 | 9.02 | 5.91 | 0.37 |
Quality Assurance/Quality Control
All rock samples were collected by professional geoscientists. Samples were placed in plastic sample bags with samples tags placed in each bag before being sealed. Samples were transported to the field camp site and later to the ALS sample preparation facility in
Qualified Person
Onbehalf of the Board of Directors
“HaroldForzley”CEO
For more information contact Harold Forzley,CEO
hardy@bathurstmetals.com
Neither TSX Venture Exchangenor its regulation services provider (as that term is definedin the policies of the TSX Venture Exchange) accepts responsibility for the adequacy oraccuracyof this release.
Forward Looking Statements
Certain of the statements made and information contained herein may contain forward- looking information within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, information concerning the Company's intentions with respect to the development of its mineral properties. Forward-looking information is based on the views, opinions, intentions and estimates of management at the date the information is made, and is based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated or projected in the forward-looking information (including the actions of other parties who have agreed to do certain things and the approval of certain regulatory bodies). Many of these assumptions are based on factors and events that are not within the control of theCompany and there isnoassurance theywill provetobe correct. Therecanbe no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by applicable securities laws, or to comment on analyses, expectations or statements made by third parties in respect of the Company, its financial or operating results or its securities. The reader is cautioned not to place undue reliance onforward-looking information.
665 DOUGALL ROAD,
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