TORONTO, Sept. 10 /CNW/ - Fletcher Nickel Inc (TSX: FL) has discovered a
new sulphide nickel occurrence with two adjacent surface grab samples
returning an average value of 0.45% nickel. The new discovery was made during
prospecting on the wholly owned Otter claim block in the northwest corner of
Hutt Township. Mineralization occurs as disseminated sulphide within a
peridotite which is similar to Fletcher's past-producing Texmont Nickel Mine
25 km to the north.
Nickel grades at this new discovery are similar to the surface exposure
of the "South Zone" at the Texmont Mine. The setting of the new discovery is
also very similar to that of the Texmont Mine with the mineralized peridotite
sitting above a felsic volcanic unit hosting barren sulphide mineralization.
This geological setting is similar to that of the giant Mt. Keith nickel
deposit in Western Australia, currently being mined by BHP.
This new discovery highlights the under-prospected nature of Abitibi
komatiitic peridotites when compared with the exploration intensity in
similar-aged belts of Western Australia, and establishes that Fletcher's
strategy of modelling this part of the Abitibi after the Norseman-Wiluna Belt
in Western Australia (hosting Mt Keith, Yakabindie, Leinster, etc.) is
Fletcher Nickel is further exploring the new discovery with additional
surface sampling, stripping and geophysics, followed by diamond drilling.
Fletcher Nickel is also continuing exploration on its extensive land package
in the area with two diamond drills currently working on the Texmont Nickel
Mine, and exploration on a third target area (Muskrat claim block) where MNDM
assessment files indicate similar disseminated sulphide mineralization with
anomalous nickel values.
The two samples were both broken off of one outcrop encountered in the
field, as documented by a two-man prospecting team, and then analyzed by the
ALS Chemex laboratory in North Vancouver after preparation of the samples at
its facility in Timmins. Hadyn R. Butler, P.Geo, is a qualified person within
the meaning of National Instrument 43-101 and is retained as such as an
independent exploration program consultant by Fletcher Nickel. Mr. Butler
supervised the preparation of the disclosure in this release, and has verified
the data disclosed in this release, including the sampling, analytical and
test data underlying the release.
For further information:
For further information: Bruce Hodgman, Communications Director, Direct:
(416) 642-3575 (ext: 103), email@example.com