Pancontinental Resources has initiated exploration field work at its recently acquired St. Laurent nickel-copper-cobalt project in St. Laurent Township, northern Ontario. Past shallow drilling at the project identified disseminated multi-element sulphide mineralization across notable widths trending toward a large gabbro-hosted magnetic feature.
The nickel-copper-cobalt-gold-platinum-
palladium zone is open along strike and at depth. The zone is coincident with a strong, 600-m-long electromagnetic (EM) anomaly.
Drilling to date has not intersected massive sulphides, and the EM anomaly has not been explained. The disseminated sulphide halo provides an important vector to guide Pancontinental’s upcoming exploration work.
Pancontinental President and CEO Layton Croft commented, “A recently completed geological compilation and re-interpretation of past work indicates the presence of an intrusive gabbro body containing widespread anomalous nickel-copper-cobalt mineralization. Mineralization consists of disseminations, blebs, and stringers, which represent a body up to 80 m thick.
“Historic diamond drilling was limited along 205 m of strike extent, with the deepest hole at a 160 m vertical depth. It appears from our ongoing interpretation that several of the previous drill holes were terminated while still in the mineralized gabbro body. An unexplained robust airborne EM conductor, 600 m in length, is coincident with the mineralized body. Our ongoing evaluation indicates these important exploration features together represent a classic nickel-copper-cobalt massive sulphide target.”
(www.panconresources.com)
