Drilling is set to begin for new CSE issue Voltage Metals Corp (CSE: VOLT). The firm this morning indicated that it will be conducting a 3,000 metre drill program at its nickel-copper-cobalt property known as the St Laurent Project, which is now getting underway.
The planned multi-hole drill program is to take place across the property, although the company did not indicate just how many holes it plans to conduct under the current program. The firm is setting itself up for future success however, with the company indicating that they will be conduct downhole geophysics once drilling is complete to better define deep conductive targets for future drill program phases.
The 4,170 hectare St Laurent project was last drill tested in 2019, when the operator at the time encountered strong nickel grades, including 1.30% nickel over 4.2 metres, 1.10% nickel over 3.6 metres, and 1.00% nickel over 4.7 metres all within the same hole. The results are said to indicate a high nickel tenor of 5% nickel for massive sulphides in the magnetic system based on the sulphur results. To date, operators have yet to encounter massive sulphides on the property however magnets continue to suggest the presence of such mineralization.
“The high nickel tenor of the St. Laurent magmatic system includes appreciable amounts of cobalt and PGE’s, which combined with a high nickel grade provides an extremely exciting exploration target due to the high dollar value of the contained minerals. A series of borehole and airborne EM anomalies extending along an 800-metre-long corridor allows us to focus our drilling activities in this most prospective area. Massive sulphides and high-grade nickel are the primary exploration focus, but we are also keeping in mind the historical wide, low grade nickel intersections, which are interesting given the current robust metal prices,” said CEO Bob Bresee.
Voltage Metals last traded at $0.165 on the CSE.
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