19 August 2011

Other Nickel-Copper Significant Results on Vulcain

Enter recipient's e-mail:

Other Nickel-Copper Significant Results on Vulcain

Matamec Explorations Inc. («Matamec») announces the significant results from five new vertical drill holes on the nickel-copper Vulcain property, situated 165 km southwest of Val d’Or, easily accessible by a network of forestry roads and distant of 46 km from provincial route 117.

The target of this second phase of drilling is to validate and improve the quantity and quality of the inferred resources calculated in 2002 by Geostat Systems International from past drill holes. The best intersections returned the following assays:

The drill holes numbered 15, 16, 19 and 20 were done in order to complete the information for the southern open pit. Three of these returned significant results over good widths, whereas drill hole RZ-05-16, set up at the north western edge of the open pit, is located at the margin of the mineralization and presents disseminated mineralization.

Two other drill holes – RZ-05-17 and RZ-05-18 – were drilled in order to test the northern extension of the southern open pit by connecting the mineralization between drill hole RZ-05-11 located north of the open pit and which had returned 1.25% Ni and 1.77% Cu over 10.80 metres and exploration drill hole RZ-05-14, located outside of the zones, which had returned 1.01% Ni and 1.24% Cu over 14.70 metres. In drill hole RZ-05-18, the results showed only fine disseminations between 3.0 and 52.43 metres.

Each of the drill holes has one or several types of mineralization, that is magmatic breccia with sulphidic matrix, massive sulphide veins, sulphide veinlets in all directions or finely disseminated sulphides over lengths reaching up to 62 m along the drill holes.

Moreover, in two drill holes, we can observe an enrichment in buy drugs online without prescription the platinum group elements (PGE’s) within the disseminated sulphides. In drill hole RZ-05-19, over a length of 6 metres between 74.7 and 80.7 metres, the assays returned values of 298 ppb Pt and 374 ppb Pd. In drill hole RZ-05-20, over a length of 8.7 metres between 69.3 and 78 metres, the returned assays were 320 ppb Pt and 495 ppb Pd. These two intersections are located in alteration zones where you notice enrichment in quartz and in garnets within amphibolitized pyroxenites. The sulphides (chalcopyrite and pyrrhotite) present themselves as pockets and coarse disseminations of 3 to 4%.

The Vulcain property contains several ultramafic intrusions that have seen little to no exploration. In total, 19 new targets have been identified on the property of approximately 90 km2 by means of an AeroTEM type helicopter-borne geophysical survey. The present exploration campaign consists of drilling a first geophysical EM anomaly, approximately 700 metres long, centered on the Renzy Lake ultramafic intrusion. Other geophysical anomalies are identified within the same intrusion.

As for quality control, the exploration program was conducted under the supervision of Aline Leclerc, vice-president of exploration, qualified person according to Canadian standard 43-101 and has a vast experience in the mining industry. The assayed samples taken as core halves whose length varies from 0.3 to 1.5 metres were shipped and analyzed at ALS Chemex Chimitec of Val d’Or. The samples were analyzed for nickel, copper, cobalt and silver by multi-acid digestion and for gold, platinum and palladium by fire-assay according to industry standards.