Drilling this summer and fall on the Bucko nickel deposit, near Wabowden in northern Manitoba, will allow Crowflight Minerals (CML-V) to increase the resource on the deposit, the company says.
Results of assays on samples from nine out of 11 drill holes are in hand, and Crowflight expects to have a complete and compliant resource estimate by early December. Present indications are that another 300,000 to 400,000 tonnes can be added to the resource based on the new drill data.
Bucko has an indicated resource of 2.5 million tonnes grading 2.23% nickel and 0.17% copper. Earlier economic studies on the Bucko deposit used an indicated resource figure of 1.2 million tonnes grading 2.7% nickel, or 1.3 million tonnes grading 2.4% nickel after mining dilution.
The new drilling concentrated on bringing inferred resources into the indicated category through infill drilling down-dip from the existing indicated resource. The holes typically cut core lengths of 5 to 20 metres, though there was one intersection of 56 metres grading 2.01% nickel, 0.13% copper and 0.6 grams combined palladium and platinum. Nickel grades in the program clustered around 2%, mostly ranging between 1% and 3%. The deposit has low copper values — 0.1% to 0.3% — and typically platinum-palladium credits run around 1 gram per tonne (combined).
Under Crowflight’s agreement with Falconbridge (FAL.LV-T), it can earn a 100% interest in a land package around Wabowden, including the Bucko deposit, by arranging financing and placing the deposit into production.