Big Board Alerts

January 17, 2024
Arya Resources Completes Initial Drilling and Phase 1 of Drill Program at Dunlop Nickel Project

Source: Arya Resources

Arya Resources (TSXV:RBZ) has completed the first phase of exploratory drilling at its Dunlop nickel-copper project located approximately 45 km north of La Ronge. The drilling program, conducted between December 7-17, 2023, consisted of 8 drill holes totaling 1,045 meters.

The company focused drilling on targets identified at the East Zone of the historic Dunlop deposit. Visual inspection of the drill core indicates the presence of nickel and copper sulfide mineralization similar to that found in previous exploration campaigns between 1960-1980. The core is being processed at a facility in La Ronge before being sent to SRC Labs in Saskatoon for assay analysis.

Previous work outlined a historical resource of 18.11 million tonnes containing nickel, copper, chromium and cobalt. Approximately 12.83 million tonnes were considered viable for open pit mining with the remainder suitable for underground extraction. Historical grades ranged from 0.55% to 1.46% nickel and 0.15% to 0.39% copper.

Arya Resources is a mining and exploration company focused on critical minerals including gold, uranium, lithium and rare earth elements. The company’s shares trade on the TSX Venture Exchange under the symbol RBZ.

The Dunlop project is accessible via provincial highways and power infrastructure. Arya states it has obtained all necessary permits for exploration drilling. Assay results from the recent drill program are still pending.

Highlights from the program are as follows:

Table 1: Fall 2023 Drill Program; Dunlop Ni-Cu Project, Nemeiben Lake

Hole #
UTM E
UTM N
Elevation
(m)
Az TN
Dip
Final Depth
(m)

AR23-001
489275
6130814
400.9
0.0
-50
200.0

AR23-002
489275
6130867
396.7
0.0
-50
155.0

AR23-003
489222
6130867
397.1
0.0
-55
164.0

AR23-004
489325
6130845
395.6
0.0
-50
140.0

AR23-005
489325
6130900
390.5
0.0
-50
119.0

AR23-006
489225
6130918
390.4
0.0
-55
125.0

AR23-007
489275
6130945
390.7
0.0
-55
65.0

AR23-008
489275
6130945
390.7
0.0
-70
74.0

Kevin Wells, P.Geo, a consulting geologist to the Company, is the independent qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects for the technical disclosure contained in this news release.

 

 

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.

The post Arya Resources Completes Initial Drilling and Phase 1 of Drill Program at Dunlop Nickel Project appeared first on MiningFeeds.

 

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