Highlights
- Fire Ant gold occurrence
- high-grade gold up to 106g/t with 20.4g/t Ag in rock grab samples
- mineralization traced over approximately 200 metres strike length
Rusty Ridge andLast Resort nickel occurrences- anomalous Ni area at
Rusty Ridge extended to 550m - rock samples up to 0.28% Ni and soil samples up to 0.23% Ni
- Identified a new anomalous nickel area (
Last Resort ) over a strike length of 1.6km coincident with a significant magnetic high
- anomalous Ni area at
- Jasmine zinc occurrence
- anomalous zinc zone identified over 400m at Jasmine with values up to 0.97% Zn in rock and 0.22% in soil
- Jasmine also shows high copper and gold values indicating potential for volcanogenic style mineralization
- Thurber Boundary copper occurrence
- highest copper in soil value (3,493 ppm) found on the property to date identified in a 400m anomalous trend
- Eight occurrences identified on the
Hopedale project to date reflecting multiple mineralization styles including orogenic gold, magmatic Ni sulphide, copper-silver vein and Zn-rich volcanogenic massive sulphide
Significant gold and silver in rock grab samples was found in the
Work during 2022 found significant nickel anomalies in soil and rock at an area named
The highest copper value in soil (3,493ppm) on the property to date was recorded at Thurber Boundary, where it forms a northeast-southwest trend over approximately 500 metres. The location of the soil anomaly is in a similar stratigraphic location, close to the contact of mafic and ultramafic volcanic rocks, as the high grade (3.31% Cu over 0.76m and 1.55% Cu over 1m in channel samples) Kaapak copper occurrence approximately 3 kilometres to the south.
In addition to the copper, nickel and gold found during the exploration program, anomalous zinc was found in soil samples (up to 0.22%) and rock (up to 0.97%) in the Jasmine area. The anomalous zone extends over approximately 400 metres and is coincident with a contact highlighted by a change from magnetic high to magnetic low. The Jasmine area is also known to have high copper and gold values indicating potential for volcanogenic massive sulphide deposits.
“Our 2023 exploration program over the district scale
Figure 1. Location of the nickel, copper, gold and zinc occurrences on the Hopedale Property.
Figure 2. Highlights of nickel in soil and rock samples over
Figure 3. Location of high-grade gold mineralization at Fire Ant occurrence.
Sample ID | Easting | Northing | Sample Type | Au (ppb) | Ag (ppm) | Cu (ppm) | Zn (ppm) | Ni ppm | Co (ppm) | Occurrence |
925263 | 638944 | 6075318 | Grab | 106,010 | 20.4 | 30 | 47 | 29 | 30 | Fire Ant |
151044 | 639022 | 6075498 | Grab | 3,748 | 4.9 | 398 | 129 | 216 | 144 | Fire Ant |
151043 | 639022 | 6075498 | Grab | 2,918 | 4.7 | 318 | 179 | 205 | 63 | Fire Ant |
151046 | 639000 | 6075487 | Grab | 287 | 4.7 | 656 | 65 | 424 | 374 | Fire Ant |
151098 | 647570 | 6100539 | Grab | 11 | 0.4 | 241 | 8,900 | 121 | 101 | Jasmine |
925265 | 647529 | 6100638 | Grab | 137 | 1.7 | 1,043 | 9,700 | 299 | 480 | Jasmine |
151114 | 638827 | 6075367 | Grab | n/a | 0.04 | <2 | 36 | 2,370 | 117 | |
151115 | 638830 | 6075368 | Grab | n/a | 0.05 | <2 | 38 | 2,260 | 121 | |
151069 | 638909 | 6075459 | Grab | 11 | 0.5 | 3 | 95 | 2,200 | 117 | |
151035 | 638804 | 6075359 | Grab | n/a | 0.07 | 9 | 69 | 2,090 | 119 | |
151112 | 638804 | 6075357 | Grab | n/a | 0.06 | 10 | 57 | 2,050 | 118 | |
151036 | 638821 | 6075377 | Grab | n/a | 0.05 | 6 | 69 | 2,010 | 94.9 | |
151113 | 638821 | 6075367 | Grab | n/a | 0.14 | 13 | 75 | 1,970 | 107 | |
151111 | 638805 | 6075381 | Grab | 3 | 0.1 | 3 | 62 | 1,900 | 98 | |
151116 | 638778 | 6075344 | Grab | 3 | 0.1 | 3 | 44 | 1,900 | 86 | |
151110 | 638797 | 6075370 | Grab | 3 | 0.1 | 5 | 73 | 1,600 | 101 | |
151104 | 638852 | 6075371 | Grab | 515 | 5.8 | 1,591 | 219 | 263 | 129 | |
925262 | 637743 | 6073875 | Grab | n/a | 0.03 | <2 | 25 | 1,792 | 107 | |
151014 | 637759 | 6073949 | Grab | 7 | 0.1 | 3 | 55 | 2,800 | 113 | |
925261 | 637538 | 6073657 | Grab | n/a | 0.08 | 121 | 18 | 1,619 | 120 | |
151068 | 638779 | 6075169 | Grab | 6 | 0.5 | 197 | 69 | 1,700 | 123 | |
151053 | 655673 | 6114007 | Grab | 11 | 0.1 | 23 | 75 | 1,800 | 75 | |
151057 | 636927 | 6072936 | Angular Float | 59 | 1.1 | 1,782 | 10,100 | 711 | 226 | |
151024 | 654518 | 6109765 | Grab | 579 | 0.1 | 57 | 28 | 205 | 25 | |
151012 | 637866 | 6073130 | Grab | 321 | 2.7 | 655 | 74 | 85 | 61 |
Table 1. Highlights of rock samples assays from 2023 exploration program.
Note that grab samples are selective samples and may not be representative of the
mineralization found on the property. n/a = not assayed.
QA/QC
Rock samples comprise grab samples, which are selective samples and not necessarily representative of mineralization found on the property. Samples were securely stored prior to shipping to analytical labs for assay. Rock samples were assayed at
Qualified Person
The Company gratefully acknowledges the
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Figure 1.
Location of the nickel, copper, gold and zinc occurrences on the Hopedale Property.
Figure 2.
Highlights of nickel in soil and rock samples over Rusty Ridge and Last Resort Occurrences.
Figure 3.
Location of high-grade gold mineralization at Fire Ant occurrence.
2024 GlobeNewswire, Inc., source