In addition to exciting results from the
The drilling program comprised 11 drill holes for 3,015 metres ('m') and was conducted
Highlights (in core lengths)
From the Phase III 10-hole drill program for 2,064m at the
LB-24-23: 114m of pyroxenite including 120m to 234m of diss + several semi-massive lenses ('SSM')
LB-24-24: 86m of pyroxenite including 122m to 219m of diss + several sections and stringers of SSM - massive sulphide ('SM')
LB-24-25: 192m of pyroxenite including 120m to 141m of diss + SSM-SM
LB-24-26: 70m of pyroxenite including 132m to 172m of diss + few sections SSM
LB-24-27: 41m of pyroxenite including 135m to 150m of diss + stringers of SSM-SM
LB-24-28: 55m of pyroxenite including 127m to 147m of diss + 4m SSM-SM
New 'Target 900' site: Hole LB-24-29 (951m) targeted the center of a 3.5 km x 1.7 km strong gravity anomaly. The hole intersected 735m of continuous undeformed Ultramafic Magmatic ('UM') Intrusive pyroxenite with Po, minor CPy and Pn in the last 70m of the hole. For technical reasons, the hole terminated in pyroxenite at a vertical depth of 750m from surface and 250m east of the Target 900 center.
The previously identified, highly prospective
'We are absolutely thrilled with the outcomes of this Phase III drilling campaign,' said Dr.
Prior to the recent drill program, the Company had drilled 18 holes for 5,188m at the Gossan Zone The recent findings further bolster its confidence in the potential expansion and development of the entire Lac Brule project.
The last hole of the campaign, LB-24-29, was strategically positioned to test an exceptionally strong gravity anomaly, Xcalibur Multiphysics ('MPH')
Untapped Geological Potential of SRQ's Lac Brule Property
SRQ's discoveries are being made on its 100%-owned Lac Brule property located 50km north-west of the former
Key Findings
Tectonic Significance: Pyroxenite intrusive units are injected into highly deformed and highly metamorphosed gneiss, intercalated with garnet-rich amphibolite's of the
Base Metal Sulphide Mineralisation: Analysis of the 2023 drilling samples indicates the presence of significant Ni and Cu mineralisation associated with pyrrhotite, chalcopyrite and pentlandite. This discovery strongly suggests potential for additional mineralised units of large UM intrusive complexes.
Geophysical Surveys of Gossan and North Zones
In
The SW-NE longitudinal vertical cross section shows a low-dipping, thick layer of peridotite-pyroxenite magmatic intrusive sequence intruding the
In
The large North Zone EM target has not been drill-tested. A new target was generated from the
Quality Control
Core logging and sampling are performed at SRQ's field facilities by SRQ's staff. Sample preparation and analysis are carried out by
The technical information in this release has been reviewed and approved by Dr.
About
SRQ is a Canadian base metals company exploring for nickel, copper and platinum in the province of
A near-surface Ni-Cu project, Lac Brule is located on a 291 km-2 virgin exploration property at a five-hour drive from
Contact:
President and CEO
Tel: (514) 726-4158
Email: ceo@srqexploration.com
Tel: (416) 644-2020
Email: bfilippone@renmarkfinancial.com
Forward-Looking Statements and Forward-Looking Information:
Certain of the statements made and information contained herein are 'forward-looking statements' or 'forward-looking information' within the meaning of Canadian securities legislation. Forward-looking statements and forward-looking information characterized by terms such as :'will', could', 'expect', 'estimate', 'evidence', 'potential', 'appears', 'seems', 'suggest', are inherently subject to significant business, economic, and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements and forward-looking information, and undue reliance should not be placed on such statements and information. Such factors include, but are not limited to: the speculative nature of mineral exploration and development; assumptions relating to the trading price of the Company's common shares; the ability of the Company to convert resources in reserves, its ability to see through the next phase of development on any project, its ability to produce a pre-feasibility study or a feasibility study regarding any project, its ability to execute on its development plans in terms of metallurgy or exploration, the availability of financing for activities, risks and uncertainties relating to the interpretation of drill results and the estimation of mineral resources and reserves, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with the Company's expectations, metal price fluctuations, environmental and regulatory requirements, availability of permits, escalating costs of remediation and mitigation, risk of title loss, the effects of accidents, equipment breakdowns, labour disputes or other unanticipated difficulties with or interruptions in exploration or development, the potential for delays in exploration or development activities, the inherent uncertainty of cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, currency fluctuations, expectations and beliefs of management and other risks and uncertainties. Many of these uncertainties and contingencies can affect the Company's actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements and forward-looking information made by or expressed on behalf of the Company. Readers are cautioned that forward-looking statements are not guarantees of future performance. The Company disclaims any intention or obligation to update or revise any forward-looking statements or forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.
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