Hard Creek Drilling Expands on Platinum & Palladium Discoveries
14 Januar 2008 - 9:05PM
Marketwired
VANCOUVER, BRITISH COLUMBIA is pleased to provide analytical
results for an additional nine diamond drill holes, totaling 2,686
metres (8,812 feet) from the 2007 drilling program at its 100%
owned Turnagain Project, located 70 km (43.5 miles) east of Dease
Lake in British Columbia. Results for 44 of the holes have now been
released with the analytical results for the remaining 31 holes to
be reported when they are received.
Drilling to date on the Turnagain Project has been successful in
identifying four separate areas with platinum and palladium (PGM)
mineralization; Cliff, Horsetrail, DB, and DJ. All reported results
from 2007 drilling in these PGM areas are listed in the following
two tables. The tables include results reported later within this
news release.
Pt-Pd-Ni-Co Mineralized Areas
-----------------------------
Len- Pt+
From To gth Pt Pd Pd Total Total
Area Hole # (m) (m) (m) (g/t) (g/t) (g/t) Ni % Co %
Cliff 07-237(i) 112 140 28 0.12 0.13 0.25 0.25 0.021
incl. 112 124 12 0.17 0.17 0.34 0.25 0.015
148 168 20 0.28 0.32 0.60 0.24 0.015
204 216 12 0.33 0.30 0.63 0.21 0.014
incl. 204 208 4 0.61 0.59 1.20 0.20 0.014
07-238(i) 6.5 16 9.5 0.12 0.17 0.29 0.17 0.014
07-239 64 120 56 0.13 0.14 0.27 0.22 0.017
incl. 64 80 16 0.32 0.34 0.66 0.33 0.015
07-240 66.2 125 58.8 0.12 0.14 0.26 0.18 0.023
incl. 108.2 125 16.8 0.19 0.23 0.41 0.22 0.016
202 229 27 0.08 0.09 0.17 0.24 0.023
211 223 12 0.13 0.13 0.26 0.37 0.032
Horse- 07-199(i) 364 366.1 2.1 0.35 0.34 0.69 0.56 0.013
trail(NW) EOH
07-205(i) 28 36 8 0.19 0.28 0.47 0.70 0.018
(i) Previously reported
Pt-Pd Mineralized Areas
-----------------------
From To Length Pt Pd Pt+Pd
Area Hole # (m) (m) (m) (g/t) (g/t) (g/t)
DB 07-207 204 232 28 0.31 0.26 0.57
07-209 152 160 8 0.20 0.16 0.36
07-210 200 212 12 0.34 0.20 0.54
07-211 128 164 36 0.43 0.47 0.90
07-214 168 188 20 0.23 0.19 0.42
DJ No additional drilling in 2007 (see Nov 17, 2004 news release
for results)
"Platinum and palladium are now becoming important in the
development of our Turnagain Project as potentially payable
precious metals," said Mark Jarvis, President of Hard Creek Nickel.
"Results from the Cliff zone are the most encouraging since the
platinum and palladium occurs within inter-cumulus sulphide
mineralization with nickel grades that are very similar to the
Horsetrail deposit but with much higher platinum and palladium
values. Metallurgical test work is planned to determine recoveries
of the platinoids."
New drill results are reported in this news release from
exploration holes in the DB, Central and Cliff areas. The DB and
Central areas are located approximately 3.5 km (2.2 miles)
west-northwest from the Horsetrail deposit and the Cliff area is
centered 2 km (1.2 miles) east of the Horsetrail. Drill hole
locations can be viewed on a plan map at
www.hardcreeknickel.com/plan.htm.
Cliff area hole 07-239 was drilled from the same site as
previously reported 07-237 and hole 07-240 was drilled 500 metres
(1,600 feet) to the west of 07-239 (see December 19, 2007 news
release for previously reported Cliff area holes). Hole 07-239
intersected a 56 metre (183.7 feet) interval averaging 0.22 percent
total nickel and 0.27 grams/tonne combined platinum and palladium
which included a 16 metre (52.5 feet) interval of 0.33 percent
total nickel and 0.66 grams/tonne combined platinum and palladium.
Hole 07-240 intersected several mineralized intervals including 12
metres (39.4 feet) averaging 0.37 percent total nickel and 0.25
grams/tonne combined platinum and palladium.
DB area holes 07-210 and 211 were drilled on the same northeast
drill section as previously reported holes 05-88 (0.96 grams/tonne
combined platinum and palladium ppb across 49.3 metres) and 05-101
(0.64 grams/tonne combined platinum and palladium across 71 metres)
(see news releases of November 30, 2005 and January 20, 2006). Hole
07-210 intersected 12 metres (39.4 feet) averaging 0.54 grams/tonne
combined platinum and palladium. Hole 07-211 intersected 36 metres
(118.1 feet) averaging 0.90 grams/tonne combined platinum and
palladium.
DB area hole 07-214 was drilled 80 metres (262 feet) north of
07-210 and 211. Hole 07-214 intersected 20 metres (66 feet)
averaging 0.41 grams/tonne combined platinum and palladium.
The platinum-palladium mineralization in the area of holes
07-210, 211 and 214 appears to have a shallow dip to the southwest
and has been intersected by four holes over 150 metres (490 feet)
in the down dip direction. Limits of this mineralization have not
been defined. This part of the DB area lies near the southwest
corner of a 1 by 2 kilometres (0.6 by 1.2 miles) combined platinum
and palladium soil anomaly that has only been partially drill
tested.
Holes 07-207 and 209 were also drilled in the DB area 0.4 km
(0.2 miles) southeast of the previously mentioned BD holes,
approximately 2.7 km (1.7 miles) northwest of the main Horsetrail
zone. The holes were targeted on intense magnetic anomalies within
an area of magnetite-clinopyroxenite near the interpreted upper
contact of the ultramafic intrusion. Both holes intersected long
intervals of magnetite-clinpyroxenite with hole 07-207 intersecting
28 metres (92 feet) averaging 0.57 grams/tonne combined platinum
and palladium.
Holes 07-216 and 232 were drilled in the Central area on either
side of the main diorite-granodiorite intrusion, approximately 3 km
(1.9 miles) northwest of the Horsetrail deposit. No significant
mineralization was encountered.
The total nickel values reported in the table below include
nickel in both sulphide and non-sulphide minerals.
Len- Pt+
From To gth Pt Pd Pd Total Total
Area Hole # (m) (m) (m) (g/t) (g/t) (g/t) Ni % Co %
Cliff 07-239 64 120 56 0.13 0.14 0.27 0.22 0.017
incl. 64 80 16 0.32 0.34 0.66 0.33 0.015
07-240 66.2 125 58.8 0.12 0.14 0.25 0.18 0.023
incl. 108.2 125 16.8 0.19 0.23 0.41 0.22 0.016
202 229 27 0.08 0.09 0.17 0.24 0.023
211 223 12 0.13 0.13 0.25 0.37 0.032
DB 07-207 204 232 28 0.31 0.26 0.57 - -
07-209 152 160 8 0.20 0.16 0.36 - -
07-210 200 212 12 0.34 0.20 0.54 - -
07-211 128 164 36 0.43 0.47 0.90 - -
07-214 168 188 20 0.23 0.19 0.42 - -
Central 07-216 No significant results
07-232 No significant results
Given the limited amount of drilling in these exploration areas,
the true widths have been estimated to be approximately 90 percent
of reported core intervals in the DB area but are not known in the
other areas. Samples for analysis were generally 4 metres in length
of split NQ-size core. Reference pulps with known nickel, copper,
platinum and palladium values were inserted every 25 core samples
and rock blanks inserted every 30 samples to monitor laboratory
performance as part of the QC/QA program.
Total nickel, copper and cobalt values were determined by ICP
emission spectrometry following four acid digestion of a
representative pulp sample. Platinum and palladium values were
determined by ICP emission spectrometry following lead-collection
fire assay fusion of a 30 gram pulp. All analytical work was
conducted by Acme Analytical Laboratories Ltd., an ISO 9001
registered facility, located in Vancouver. IPL, an ISO 9001
registered facility, also located in Vancouver, is carrying out
check analyses on ten percent of the samples.
The Turnagain Nickel Project resource in the
Horsetrail-Northwest deposit has been recently estimated (see
December 10, 2007 News Release for details) with the measured and
indicated resource estimated at 489 million tonnes grading 0.22%
total nickel (0.16% nickel in sulphides) and 0.012% cobalt and an
additional inferred resource of 560 million tonnes grading 0.20%
total nickel (0.15% nickel in sulphides) and 0.011% cobalt. Mineral
resources that are not mineral reserves do not have demonstrated
economic viability.
This news release has been reviewed and approved by Neil Froc,
P.Eng., a qualified person consistent with NI 43-101.
On behalf of the Board of Directors of Hard Creek Nickel
Corporation
MARK JARVIS, President
The TSX Venture Exchange does not accept responsibility for the
accuracy or adequacy of this news release.
Contacts: Hard Creek Nickel Corporation Mark Jarvis President
(604) 681-2300 (604) 681-2310 (FAX) Email: info@hardcreek.com
Website: www.hardcreeknickel.com
Hard Creek Nickel Corporation (TSXV:HNC)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Hard Creek Nickel Corporation (TSXV:HNC)
Historical Stock Chart
Von Jul 2023 bis Jul 2024
