North Arrow Minerals has declared that it has signed an option contract with Strongbow Exploration. Under the terms of the agreement, North Arrow can potentially earn 50% interest in the Snowbird nickel project, owned by Strongbow.
The project encloses about 16,000 ha along the Snowbird tectonic zone’s southern level in the southern parts of Northwest Territories and North Saskatchewan. The geologic feature of the zone is considered to host high potential for magmatic mineralized nickel copper sulphide and is known to contain numerous deposits, which include Nickel King Ni-Cu-Co deposit located in the Northwest Territories situated immediately towards the Snowbird project’s northern part.
Aerial surveys, bedrock mapping, geochemical surveys and limited drill program have been included in Strongbow’s exploration work. Several targets have been discovered through this work. The formerly unidentified ultramafic and mafic intrusions are in line with magnetic and electromagnetic geophysical and geochemical anomalies, and mineralized copper-nickel. The high-priority target areas are situated in the Opescal Lake region along the boundaries of Saskatchewan and Northwest Territories where a 5 km long linear magnetic anomaly is in line with many electromagnetic conductors.
These geophysical target areas lie below glacial cover and are present in widely mapped ultramafic and mafic rock areas, where prospecting program has discovered local existence of mineralized nickel-copper sulphide related to intrusions of pyroxenite and norite. Rocks gathered in the region have yielded values that range up to 0.40% copper and 1.17% nickel. The Opescal Lake target areas have not formerly undergone drilling and will become a priority for diamond drill program and ground geophysical surveys during the winter season of the subsequent year.
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