Steadright Critical Minerals (CSE: SCM) has been busy assembling historical data on its RAM project, found near Port Cartier, Quebec. The firm this morning released multiple snippets from a 2003 report it discovered related to the property.
The historical report, which was filed with Geologie Quebec, pertains to a portion of the property previously known as the B-20 claims and that at the time was being developed by Ressources Appalaches.
Dated 2003, the report highlights several results gleaned from a 2002 exploration program, wherein Ressources Appalaches conducted drilling. Highlights from the results are said to include massive sulphide zones with intersects of up to 1.2% nickel, 1.6% copper, 0.13% cobalt and 0.4 g/t platinum. Meanwhile, on what is referred to as the Main Grid, Ressources Appalaches intersected nine mineralized zones within four drill holes, with intersects said to range from 4 metres to 65 metres thick, and grades as high as 1.6% nickel, 1.5% copper, 0.18% cobalt and 0.2 g/t platinum, although specific intervals were not provided.
The results were said to point to a low-grade nickel-copper system existing on the property from surface to a depth of 150 metres. The footprint meanwhile was said to measure 500 metres by 500 metres.
“Strategically, the geological environment can host deposits such as that found at Voisey’s Bay, NL, or as Talon Resources and Polymet in the Duluth Complex situated within anorthositic complexes. These deposits can range from smaller, high-grade deposits to very large low-grade deposits. Based on current data and the shear size of the complex, all options for tons and grade are on the table for what may exist on the property,” commented VP of Exploration Robert Palkovits.
Steadright Critical Minerals last traded at $0.27 on the CSE.
FULL DISCLOSURE: Steadright Critical Minerals is a long investment of Canacom Group, the parent company of The Deep Dive. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.