공지 • Jul 24
IC Capitalight Corp. Announces Final Results from a Late May 2024 Site Visit to Blue Lake Cu Ni Pt Pd Property, Located 65Km Northeast of Schefferville, Quebec
IC Capitalight Corp. announced final results from a late May 2024 site visit to Blue Lake Cu Ni Pt Pd property, located 65km northeast of Schefferville, Quebec. The purpose of the visit, conducted by two IC Directors and two consulting geologists, was to complete necessary claims assessment work. ASSAY RESULTS: Mike Muggridge. P.Geo (NL), based on the assay results from 72 grab samples of rusty boulders, outcrop, massive sulfide mineralization from multiple widespread showings, and from the Blue Lake Adit stockpile, noted the following: A random grab of semi-massive sulfides found at the Blue Lake adit stockpile graded 7.67% Cu, 0.11% Ni, 1,890 ppb Pd, 237 ppb Pt (2.13 g/t Pt+Pd), 8.4% S, 74 ppb Au. Pt-Pd values are strongly correlated with Cu-Ni-S and often Au. Of the 72 samples, 48 exceeded 100 ppb Pt+Pd (combined) indicating widespread anomalous PGE values. 16 of these 48 were from outcrops on various showings /deposits around the property. The Nancy Lake South showing yielded the best sample result at 292 ppb Pt+Pd (238 Pd, 54 Pt), 13 ppb Au, 0.21% Cu, 0.18% Ni, 6.4% S. Mineralized ultramafic ‘sill' outcrops were easily traced over > 200m strike lengths. Sample results from showings at Berry Lake and NW Syncline Nose were close 2nd and 3rd ranked: 229 and 212 ppb Pt+Pd respectively. Average results for various metals in 27 grab samples of outcropping ‘non-sediments', were 94 ppb Pd, 35 ppb Pt, (129 ppb Pt+Pd), 756 ppm Cu, 1397 ppm Ni, 4.0% S, 7.9 ppb Au. On average, the results for various metals in 34 samples of ‘non-sediment' ‘rusty' boulders were marginally higher than in the outcrop samples, as follows: 115 ppb Pd, 35 ppb Pt, (150 ppb Pt+Pd), 991 ppm Cu, 1198 ppm Ni, 4.3% S, and 7.1 ppb Au. Bedrock sources of most of the sampled boulders are considered to be close to the sample site. OUTREACH: Prior to departing for the project, the company reached out to local communities of the Schefferville region. An initial meeting occurred between the company and the Mining Liaison Officer for the Naskapi Nation of Kawawachikamach. This meeting is first of many to be held as the community consultation, community outreach, project planning, and work programs move forward. The initial meeting focused on each party's desire for a long term, broad and mutually advantageous relationship. NEXT_STEPS: The company has expanded the property by 702 claims to 993, covering 488 sq. km. A much-enlarged exploration program is being planned, commencing immediately. SITE ACCESS_&_INFRASTRUCTRE: The Blue Lake project has historically been serviced by winter road access from Schefferville. Schefferville hosts rail head to the major iron ore shipping port at Sept-Iles, Quebec. A future source of potentially low-cost hydro electric power exists at the nearby Menihek hydroelectric generating facility. The historical Blue Lake underground workings had been supported by equipment brought overland from Schefferville. The company was able to trace from the air most of the ice road route used. Surface travel from Schefferville's operating railway infrastructure to the project area during winter is via approximately 20 kilometres of existing gravel road followed by 45 kilometers of ice road and then 19 kilometers of tote road. This represents a seasonal financial advantage over helicopter supported exploration, and for eventual, if then warranted, economic development.