Announcement • Jul 15
Winshear Metals Corp. Outlines Strong Conductor In The South Zone Close To Recent Drilling
Winshear Metals Corp. reported that a downhole electromagnetic (‘DHEM’) survey completed after the recent drill program at the Portsoy Nickel – Copper – Cobalt (Ni-Cu-Co) Project in northeast Scotland, has identified a strong conductor, with characteristics of a massive sulphide body. The strong conductor is close to the 460m long drill hole RBD030 at the South Zone of the Rodburn Target. The north-northwest plunging conductor is modelled as being over 350m long by 50m wide. It is above, and ~100m east of, the end of RBD030. The conductor remains open to depth. DHEM is an exploration tool used extensively in exploration for massive sulphide deposits. The Company engaged Mr. Alan King of Geoscience North Ltd. of Sudbury, Ontario to model the DHEM data. Previous drilling at the South Zone encountered strong Ni-Cu-Co massive sulphide mineralization extending from ~20m below surface to a vertical depth of approximately 185m below surface, with results including: Hole ID RBD001: From 45m to 51m, Length 6m, True Thickness Estimated 5.9m, Ni 0.95%, Cu 0.75%, Co 601 ppm, NiEq 1.42%; Hole ID RBD002: From 70m to 82m, Length 12m, True Thickness Estimated 8.9m, Ni 1.42%, Cu 0.55%, Co 929 ppm, NiEq 1.82%; Hole ID RBD003: From 114m to 118m, Length 4m, True Thickness Estimated 2.3m, Ni 0.70%, Cu 0.66%, Co 484 ppm, NiEq 1.10%; Hole ID RBD004: From 118.29m to 124.26m, Length 5.97m, True Thickness Estimated 5.6m, Ni 1.92%, Cu 1.52%, Co 1198 ppm, NiEq 2.86%; Hole ID RBD009: From 60m to 65.39m, Length 5.39m, True Thickness Estimated 5.3m, Ni 2.04%, Cu 0.56%, Co 1110 ppm, NiEq 2.46%; Hole ID RBD018: From 100m to 102m, Length 2m, True Thickness Estimated 1.4m, Ni 1.54%, Cu 0.93%, Co 815 ppm, NiEq 2.13%. NiEq (% nickel equivalent) based on USD 19,000/t Ni, USD 9,000/t Cu, USD 32,000/t Co, using the formula Ni% + (0.524 x Cu%) + ((1.22 x 10-4) x Co ppm). Equal Recovery Assumed. The Company plans to test this compelling target in the next round of drilling. J. Patricio Varas, P.Geo., a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, and also the Company’s President and Director, has read and approved all technical and scientific information contained in this news release.