Canadian North Resources Inc. Completes Ferguson Lake Drilling

Canadian North Resources Inc, a Canadian mining company has reported that the Company, has completed 18144 m of diamond drilling at its wholly-owned Ferguson Lake property consisting of base metals (copper, nickel, and cobalt) and platinum-group metals.

Image Credit: Shutterstock.com/Denis Zhitnik

We have drilled more than the planned drilling program to have significantly expanded the mineralization zones along the 15-km mineralized horizon. We expect the results would expand the block model and significantly enlarge the high-grade and near-surface mineral resources for the potential mine development of the Ferguson Lake Project.

Dr. Kaihui Yang, President and CEO, Canadian North Resources

The scheduled drilling program is comprised of 15000 m in 60 holes to focus on expanding and upgrading mineral resources together with the West and East Zones of the main mineralized horizon.

By the end of the summer drilling season that ended in mid-October, a sum of 18144 m were drilled in 68 holes to infill or step out from the historic holes that were drilled earlier in the East Zone and the West Zone.

The finished drilling program was expanded by 3144 m as the mineralization zones were confirmed to expand along the strike and at depth beyond the currently defined resource boundaries.

The assay outcomes of the first 28 holes summing around 7594 m verified two styles of mineralization: nickel-copper-PGM massive sulfides (ranging up to 31 m) and PGM-enriched low sulfide (up to 36 m) bodies in the West and East Zones with the emphasizes of chosen holes below:

• 31.0 m at 1.28% Cu, 0.81% Ni, 0.09% Co, 2.02 g/t Pd, and 0.29 g/t Pt (hole FL22-442 at 55 to 86 m)
• 28.45 m at 0.80% Cu, 0.52% Ni, 0.06% Co, 1.38 g/t Pd, and 0.19 g/t Pt (hole FL22-443 at 30-55 m)
• 16.0 m at 0.28% Cu, 0.22% Ni, 0.03% Co, 0.69 g/t Pd, and 0.13 g/t Pt (at 86-102 m)
• 10 m at 1.72% Cu, 0.81% Ni, 0.07% Co, 2.07g/t Pd, and 0.23 g/t Pt (hole FL21-436 at 123-133 m)
• 7.40 m at 1.15% Cu, 0.64% Ni, 0.08% Co, 1.70 g/t Pd, and 0.24 g/t Pt (hole FL21-435 at 94-100.4 m)
• 11.52 m at 0.56% Cu, 0.48% Ni, 0.06% Co, 1.01 g/t Pd, and 0.22 g/t Pt (at 72.6-84.12 m)
• 12.35 m at 0.99% Cu, 0.54% Ni, 0.09% Co, 1.11 g/t Pd, and 0.15 g/t Pt (hole FL22-457 at 178.35-191 m)
• 36.0 m at 0.02% Cu, 0.03% Ni, 0.01% Co, 1.08 g/t Pd, and 0.25 g/t Pt (hole FL22-460 at 148-184 m)
• 18.2 m at 0.54% Cu, 0.21% Ni, 0.03% Co, 0.56 g/t Pd, and 0.12 g/t Pd (hole FL21-434 at 107.8-126 m)
• 9.0 m at 0.52% Cu, 0.28% Ni, 0.04% Co, 0.76 g/t Pd, and 0.16 g/t Pt (hole FL21-438 at 140-149 m) 
• 10.0 m at 0.39% Cu, 0.40% Ni, 0.05% Co, 0.95 g/t Pd, and 0.24 g/t Pt (at 154-164 m)
• 6.0 m at 0.78% Cu, 0.87% Ni, 0.12% Co, 1.80 g/t Pd and 0.13 g/t Pt (hole FL22-459 at 45-61 m) 
• 5.3 m at 1.00% Cu, 0.62% Ni, 0.07% Co, 1.28 g/t Pd, and 0.14 g/t Pt (at 92-97.3 m) 
• 6.5 m at 0.50% Cu, 0.55% Ni, 0.06% Co, 1.13 g/t Pd, and 0.14 g/t Pt (at 108.5-115 m) 
• 10.6 m at 0.24% Cu, 0.28%Ni, 0.04% Co, 0.80 g/t Pd, and 0.09 g/t Pt (at 126.4-137 m)

The assay results for the leftover rest drill holes are unresolved. As soon as all of the program outcomes are received and compiled, they will be added to the dataset to enhance the block model and update the Mineral Resource estimate declared on June 13^th, 2022.

In detail, 4675 m in 26 holes were drilled in the East Zone. These holes were developed to infill and extend the near-surface mineralization drilled historically since the 1950s.

The drill holes were stepped out by 50 to 400 m from earlier holes and verified the strike extension of the mineralization to the west and east of the East Zone.

Another 38 holes were infilled or went out for 50 to 100 m from the historical drilling in the West Zone and verified its strike extension to the west and east.

At multiple locations, the drill holes expanded the mineralized horizon down-dip. Ultimately, four holes were successfully tested adjacent to satellite mineralized horizons in the proximity of the East Zone.