Darnley Bay Resources

Published : September 15th, 2015

Lac Lessard Project Nickel Sulphide Mineralization Confrimed In Drilling

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Copper | Diamond | Eau | Gold | Nickel |

Lac Lessard Project Nickel Sulphide Mineralization Confrimed In Drilling

TORONTO, ONTARIO--(Marketwired - Sep 14, 2015) - Eastmain Resources Inc. (ER.TO) and Darnley Bay Resources Limited (TSX VENTURE:DBL) announced early-staged drilling results for the Lac Lessard project. Two of 10 VTEM targets drill-tested intersected nickel-sulphide mineralization over wide intervals within the Crete-du-Coq ultramafic intrusion. The drill program, funded by Darnley Bay Resources Ltd. (TSX VENTURE:DBL), as part of its first-year work commitment to an option agreement, whereby DBL can earn 50% of the project, consisted of 11 heli-supported Diamond drill holes for a total of 1,995 metres.

Early-staged drilling at Lac Lessard has confirmed anomalous nickel sulphide mineralization within the Crete-du-Coq ultramafic intrusion (Table 1). Both targets are open laterally and at depth. Drill hole LL15-02 intersected both disseminated and semi-massive nickel sulphide mineralization; however the basal contact of the ultramafic intrusion, where massive nickel sulphide often occurs in contact with the host country rock, has not been tested. The potential for massive nickel mineralization at Lac Lessard remains positive.

Drill hole LL15-02 collared within the Crete-du-Coq ultramafic intrusion intersected disseminated sulphides over a 12.5-metre interval assaying 0.38% nickel and 0.13% copper. Semi-massive sulphides intersected at the bottom of this interval contain 1.08% nickel and 0.31% copper over a length of 2.5 metres. A five-metre interval of disseminated nickel sulphides containing 0.41% nickel and 0.09% copper was also intersected 126.0 metres down the hole. Drill hole LL15-02 did not reach the lower contact of the ultramafic intrusion, indicating additional potential at deeper levels of the Crete-du Coq.

Drill hole LL15-10 was completed to test a strong airborne induced polarization (IP) anomaly corresponding with a strong magnetic feature. This hole intersected an average of 0.29% nickel across 198.4 metres within a fine-grained, magnetite-bearing ultramafic rock. As with the previous drill hole, LL15-10 did not reach the lower contact of the ultramafic intrusion. This target also remains open.

Table 1. Lac Lessard Assay Results
Drill Hole From To Length Ni% Cu%
LL15-02 91.2 103.7 12.5 0.38 0.13
incl. 101.2 103.7 2.5 1.08 0.31
126.0 131.0 5.0 0.41 0.09
LL15-10 16.6 216.0 199.4 0.29 -

Dr. Donald J. Robinson, P. Geo, President and Chief Executive Officer of Eastmain, Qualified Person under National Instrument 43-101 reviewed and approved the technical data presented in this press release. Chemical analysis was completed by Activation Laboratories Limited in Sudbury, ON using a 50-gram split with ICP-MS UT4 near total (four acid) digestion techniques. Internal standards provided by an independent company and blank samples were inserted for quality control purposes.

About Eastmain Resources Inc. (ER.TO) Eastmain is a Canadian exploration company with 100% interest in the Eau Claire and Eastmain gold deposits, both of which are located within the James Bay District of Quebec. Eau Claire, our core asset, has superior infrastructure within a favourable jurisdiction and is royalty free. The Corporation also holds a pipeline of exploration projects in this new Canadian mining district.

For text alerts of Eastmain news and events text EastmainER to 76000.

Forward-Looking Statements - Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Eastmain, including, but not limited to the impact of general economic conditions, industry conditions, dependence upon regulatory approvals and the availability of financing. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

Read the rest of the article at finance.yahoo.com

Darnley Bay Resources

CODE : DBL.V
ISIN : CA2369011044
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

.

Darnley holds various exploration projects in Canada.

Its main exploration property is PAULATUK (FRANKLIN) in Canada.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
In the News and Medias of Darnley Bay Resources
5/2/2017Gwen Preston on Darnley Bay's Pine Point project
Financings of Darnley Bay Resources
8/1/2013Issued - Darnley Bay Closes Private Placement
7/31/2013Closes Private Placement
3/18/2013News Release Issued - Closes Private Placement
Project news of Darnley Bay Resources
8/7/2013News Release Issued - Receives Land Use Permit And Initiates...
6/25/2013Issued - Update On Property
4/10/2013News Release Issued - Completes Property Payment
Corporate news of Darnley Bay Resources
9/15/2015Lac Lessard Project Nickel Sulphide Mineralization Confrimed...
12/29/2014Darnley Bay Closes Final Tranche of Private Placement and An...
12/18/2014Darnley Bay Closes Additional Tranche of Private Placement a...
12/11/2014Darnley Bay Completes First Tranche of Its Private Placement...
11/19/2014IIROC Trading Resumption - DBL
11/19/2014Darnley Bay Announces Acquisition of Option to Earn 50% of L...
11/19/2014IIROC Trading Halt - DBL
10/30/2014Darnley Bay Announces Proposed Share Consolidation
7/3/2014Darnley Bay Resources Limited and Canadian Arrow Mines Limit...
12/19/2013Season's Greetings and best wishes for the New Year!
12/4/2013Issued - Correction From Source: Darnley Bay Discovers Two N...
10/15/2013Discovers Large Magneto telluric Anomaly
8/6/2013Receives Land Use Permit and Initiates Exploration Program o...
7/2/2013Issued - Voting Results Of Annual And Special Meeting
7/2/2013Announces Voting Results of Annual and Special Meeting
6/24/2013Announces Update on Property
5/7/2013Announces Sale of Diamond Rights on the Franklin Project
4/10/2013Chairman discusses its 'massive' gravity anomaly
4/5/2013News Release Issued - Shares For Debt Settlements
3/14/2013News Release Issued - Retains Renmark Financial Communicatio...
2/14/2013Darnley Bay Resources Appoints Project Manager
2/14/2013Appoints Project Manager
1/31/2013Announces Private Placement and Management Appointments
11/12/2012Announces Date of Annual General Meeting ("AGM")
3/16/2012News Release- March 15, 2012
3/2/2012News Release- March 2, 2012
2/9/2012News Release- Feb. 9, 2012
1/25/2012News Release- Jan. 25, 2012
7/4/2011News Release- July 4, 2011
3/23/2011News Release- March 23, 2011
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (DBL.V)Other OTC (DNLYF)
0.225-8.16%0.160+0.00%
TSX-V
CA$ 0.225
08/04 15:59 -0.020
-8.16%
Prev close Open
0.245 0.245
Low High
0.225 0.245
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.225 -%
Volume 1 month var.
117,300 -%
24hGold TrendPower© : 8
Produces
Develops
Explores for
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.66-0.71%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 12.26+2.68%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.53-1.87%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.64-1.86%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 16.23+4.04%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+4.26%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.22+2.38%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.88+0.53%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 52.71+0.19%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+5.56%Trend Power :