Natashquan Ni-Cu-PGE Project
Altius' has been advancing the Natashquan nickel-copper-cobalt-platinum-palladium project in southern Labrador, since 2008 following upon historically identified platinum mineralization reported by the Newfoundland & Labrador Geological Survey.
In July 2013, Anglo American ("Anglo") optioned the project and undertook in excess of $2.3 million in exploration including 8 drill holes totaling 1,386 meters testing a number of geophysical targets on the property. No significant mineralization comparable to the high grade surface prospect was encountered so Anglo withdrew from the option and closed their eastern Canada exploration division office in 2014.
Some exploration highlights to date include: - 2.68g/t combined Pt, Pd and Au (grab) - 6.14% Cu and 388ppb Pt - 1.04g/t combined Pt, Pd, Au and 1.06% Cu over 1.30m (channel) - 1.04 combined Pt, Pd, Au and 3.92% Cu over 1.00m (channel) - 2.49g/t combined Pt, Pd and Au and 1.07% Ni (grab) - several grab samples >7% Cu - soil samples up to 26,000ppb Cu
The Natashquan Property represents a new Ni-Cu-Co-PGE discovery in a frontier area of Labrador. Altius is seeking a new partner to advance this exciting project.
Lawrence Winter, Ph.D., P.Geo., Vice‐President of Exploration for Altius, is the qualified person as defined by NI 43-101 guidelines responsible for the technical data presented herein and has reviewed and approved this release. Jeff Morgan, B.Sc., P.Geo., is the qualified person, as defined by NI 43-101, responsible for project management and quality assurance/quality control at Natashquan. Complete technical details for this program including analytical procedures are described via the following link - QA/QC.