Inomin, Sumitomo partner up on British Columbia nickel project
Sumitomo will have the right to earn up to an 80% interest in the project by spending at least C$8 million on exploration.
Great Atlantic Resources (TSXV
In a press release, Great Atlantic said the program, partially funded through the New Brunswick Junior Mining Assistance Program, will test areas of vanadium and titanium bearing outcrop and magnetic geophysical anomalies.
A 2018 grab sample collected in the area of the current Phase 1 drilling program returned 0.188% vanadium (0.33% V2O5), 10.3% TiO2 and 25.71% iron
The campaign is being conducted in the southeast region of Glenelg, within the Bocabec Gabbro Complex.
“Company and reported historic bedrock grab samples from this region of the property returned significant levels of vanadium and titanium. Highlights include vanadium, titanium & iron mineralization in layered Bocabec Gabbro complex; company & historic bedrock grab samples of 0.33% & 0.42% V2O5 & 27.5% TiO2; historic bedrock grab samples of 14 g/t Au, 1.28% Bi & 0.65% Co,” the media brief reads.
Glenelg is located approximately 20 kilometres east of the town of St. Stephen and approximately 15 kilometres northwest of Great Atlantic’s Mascarene property, which hosts multiple mineral occurrences with cobalt, copper, nickel, zinc, lead, gold and or silver.
Earlier this year, the Vancouver-based miner tripled Glenelg’s size by additional mineral claim staking to reach 3,500 hectares.
