New high-grade gold zone discovered at Zeb Nickel Project - 12.04.22 - News

VANCOUVER, BC, April 12, 2022

Hole Z029 intersected 9.05 g/t Au over 28.32 m, including 12.21 g/t Au over 10.86 m and including 11.25 g/t Au over 10.64 m
Hole Z027 intersected 1.67 g/t Au over 33.81 m, including 5.07 g/t Au over 4.81 m.

VANCOUVER, BC, April 12, 2022 /CNW/ - ZEB Nickel Corp. (TSXV: ZBNI) (OTC: ZBNIF) ("Zeb" or the "Company") is pleased to report a new gold zone discovery on its Zeb Project, located in Limpopo, South Africa. In addition to reporting on this new discovery, the Company is pleased to report positive assay results from the remaining 5 holes in its recently completed Phase 2 drill program. These assays have confirmed both the grade and continuity of the Ni mineralization, as well as the presence of higher-grade Ni-PGE bearing Critical Zone lithologies on the project area.

The gold zone discovery is located in lithologies adjacent to and beneath the Ni and PGE mineralized zones.

Gold was intersected in two of the eight holes in the recently completed phase 2 drilling program. Intersections are summarised in the table below.

Drillhole
ID

Dip

Depth From

ARIVA.DE Börsen-Geflüster

Kurse

ZEB Nickel Corp.

0,03 $

-23,3%

Depth To

Measured
Interval

Gold Grade

Units

Meters

Au g/t

Z029

-50°

387.68

416.00

28.32

9.05

including

387.68

398.54

10.86

12.21

including

402.00

412.64

10.64

11.25

Z027

-50°

290.00

324.00

33.81

1.67

including

305.00

310.00

4.81

5.07

All intervals represent drill core length.
True widths are unknown at this time.

Drillholes Z027 and Z029 were drilled at an inclination of 50° on an azimuth of 45°. The location of these drill holes is shown in Figure 1 below.

The discovery of the gold mineralization now means the there are three known different styles and zones of mineralization within the project area, namely the nickel mineralization in Lower Zone lithologies, the Ni-PGE mineralization associated with Critical Zone lithologies, and lastly, the newly discovered gold mineralization. These are schematically shown on the cross-section in Figure 2.

Historical drilling was largely focussed on defining the nickel resource in the Lower Zone lithologies, and consequently, many of these historical holes stopped short of intersecting the lithologies that host the Ni-PGE mineralization, and potential gold mineralization. Based on the exploration successes in Phase 1 of this drill program, the Zeb Exploration team made the decision that Phase 2 holes should all be drilled into the Penge Iron Formation to test for Ni-PGE mineralization in footwall rocks of any Critical Zone lithologies present on the project area. This policy has resulted in numerous intersections of Ni-PGE mineralization in Critical Zone rocks which was not previously identified in historical drilling, as well as the new gold discovery.

A total of 14 holes were drilled in Phase 1 and Phase 2 of the campaign. The initial results of these holes were presented in the news release dated 15 March 2022, (https://zebnickel.com/wp-content/uploads/2022/03/220315-Zeb-Nickel-Press-Release-Exploration-Drilling-Results.pdf). The remaining results of the 2021 drill campaign are outlined below.

All 14 holes drilled in Phase 1 and Phase 2 demonstrated the presence of nickel sulphide in magmatic rocks, and 13 of these holes demonstrated intersections of economic value. Of these, 12 holes contributed towards an increase in the overall basket price of the Zeb Project.

The results from Phase 1 and Phase 2 exploration programs are presented in Table 2 below. Drill core diameter for all holes is NQ except for Z024, which was drilled BQ, and drill holes are drilled at an inclination of 50 degrees on an azimuth of approximately 45 degrees.

Table 2: Exploration Program Results from the drill program

Drillhole ID

Depth
From

Depth
To

Sample
Interval

Depth
Below
Surface

Ni^

Cu

Pt

Pd

Rh

Au

3PGE + Au*

Mineralization Style

meters

%

g/t

Phase 1 Drill Results

Z017

37.43

415.00

377.57

23.61

0.24

0.01

**

Lower Zone (Target 1)

including

38.00

110.00

72.00

23.97

0.25

0.01

**

Lower Zone (Target 1)

including

124.00

136.00

12.00

78.20

Mehr Nachrichten zur ZEB Nickel Corp. Aktie kostenlos abonnieren

E-Mail-Adresse

Benachrichtigungen von ARIVA.DE
(Mit der Bestellung akzeptierst du die Datenschutzhinweise)

Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte.