Resource World Magazine

J U N E / J U L Y 2 0 1 9 www.resourceworld.com 21 BASE METALS million tonnes grading 0.019% cobalt, for 77 million lbs cobalt. The 2019 program and budget of $9.2 million for Bornite will be mainly directed at i) approximately 10,000 metres or 12 holes of infill and expansion drilling in the deposit; ii) additional metallurgical work to optimize copper recoveries and the deter - mination of next steps for the recovery of cobalt; and iii) initial engineering stud- ies to prepare Bornite for a Preliminary Economic Assessment. At the Arctic Project, Trilogy is prepar- ing for the $7 million summer field season, including advancing engineering and environmental work in support of com- pleting a Feasibility Study and preparation for permitting. The company will also complete a $2 million exploration program along the 100-km Ambler VMS Belt funded equally by Trilogy and South32 Limited [SHTLF- OTC; SOUHY- ASX, LSE, Jo'burg]. This program will include a district-wide VTEM and ZTEM geophysical surveys. NICKEL Giga Metals Corp. [GIGA-TSXV; HNCKF- OTC; BRR2-FSE], formerly Hard Creek Nickel, has a 100% interest in the Turnagain Project 70 km east of Dease Lake, north-central British Columbia, and is among the largest undeveloped sulphide nickel deposits in the world. Composited data from 204 drill holes were used to establish a NI 43-101 com - pliant resource, which includes measured and indicated resources of 865 million tonnes grading 0.21% nickel and 0.013% cobalt, (4 billion lbs of nickel/250 mil- lion lbs of cobalt). Inferred resources are an additional 976 million tonnes of 0.2% nickel and 0.013% cobalt, (4 billion lbs of nickel/280 million lbs of cobalt). Metallurgical test work demonstrated froth flotation can create a clean concen - trate grading 18% nickel and 1% cobalt, a very desirable product that can be upgraded to high-purity Class I nickel for use in lithium ion batteries. Garibaldi Resources Corp. [GGI-TSXV; GGIFF-OTC; RQM-FSE] has been drill-test- ing its E&L deposit on Nickel Mountain in the Golden Triangle of northwest British Columbia. Final 2018 drilling results are in, all from outside the Upper and Lower Discovery zones at Nickel Mountain. Three addi - tional drill holes in the Northwest Zone all intersected disseminated sulphide min- eralization typical of this area, including one of the widest intervals to date – 51.2 metres grading 0.72% nickel and 0.67% copper in EL-18-46. This zone has been extended further to the south. The first shallow drill holes into a portion of the Crevasse showing at the northern edge of the Central Zone con - firmed the presence of high-grade nickel mineralization to a depth of at least 28 metres below surface. This area remains open to the east, west and at depth with drill results highlighted by 6.19% nickel and 2.06% copper over 4.44 metres start - ing from surface in hole EL-18-45. Cobalt 27 Capital Corp. [KBLT-TSXV; CBLLF-OTCQX; 27O-FSE] has various cobalt streams and royalties as well as a large stockpile of cobalt metal. The com - pany recently acquired Highland Pacific Ltd. which operates the producing Ramu nickel-cobalt mine, a large, long-life, low- cost, high-growth, nickel-cobalt operation in Papua New Guinea. During 2017, the mine produced 34,666 tonnes of nickel and 3,308 tonnes of cobalt. Sama Resources Inc. [SME-TSXV; LNZCF-OTC] began a 6,000-metre drill program in November 2018 designed to test high-conductivity targets defined by Phase 1 of the Typhoon™ electromagnetic geophysical survey at the 100%-owned Yepleu property at the its nickel-copper- cobalt-palladium project in Côte d'Ivoire, West Africa. The second hole drilled at Yepleu Sector 1 as a follow-up on the mineralized zone intersected on the first deep hole returned a mineralized zone of 54 metres of dis - seminated to semi-massive and massive sulphide material from 585 to 639 metres from surface. Assays are pending. Yepleu is 18 km south of the company's advanced stage Samapleu Project that hosts measured and indicated resources of 14,159,000 tonnes containing 33,404 tonnes of nickel and 27,804 tonnes of cop - per, plus cobalt, platinum, palladium, gold and rhenium credits. Inferred resources are 26,480 tonnes containing 62,263 tonnes of nickel and 48,719 tonnes of copper, plus the same credits as above. ZINC & LEAD Constantine Metal Resources Ltd. [CEM- TSXV; CNSNF-OTC] has filed a NI 43-101 Technical Report and Updated Resource Estimate to include the AG Zone for the advanced stage Palmer Exploration Project in southeast Alaska. The project is owned Constantine 51% and Dowa Metals and Mining 49%. The updated resource includes the AG Zone copper-zinc-silver- gold (barite) inferred resource estimate originally announced December 2018. The AG Zone is the second deposit to be defined at Palmer and adds to the existing mineral resource base. The total consoli - dated mineral resource now stands at 4.68 million tonnes of 10.2% zinc equivalent in the indicated category and 9.59 million tonnes of 8.9% zinc equivalent inferred. Fireweed Zinc Ltd. [FWZ-TSXV; FWEDF-OTC] has brought the Macmillan Pass Zinc Project 200 km northeast of Ross River in Yukon, Canada to an advanced stage. In January 2018, Fireweed pub - lished new expanded resource estimate, making it the largest undeveloped zinc and lead resource in the world held by a junior company with 11.2 Mt at 9.6% ZnEq indi- cated, plus 39.5 Mt at 10% ZnEq inferred for the combined Tom and Jason deposits. In May 2018, Fireweed published a Preliminary Economic Assessment with robust economics including an after-tax NPV (8%) of C$448M and IRR of 24%. Drilling in 2018 confirmed and

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