Royal Nickel has an approximate 35% interest in Orford Mining Corporation (TSXV: ORM), a public company whose main assets are a 100% interest in the Qiqavik and West Raglan properties in northern Quebec and properties in the U.S. Carolina Gold Belt.
Qiqavik Project
A total of ten main significant mineralized areas have been discovered to date on the Qiqavik property as follows: Esperance, Esperance West, Horizon, Aurora, Aurora West, Gerfaut, Gerfaut South, ABG Zone, Focused Intrusive and Central Qiqavik.
The results from the 2017 exploration season at Qiqavik include three new drill-supported high-grade gold discoveries and five new high-grade gold prospecting discoveries at surface that remain untested by drilling. Orford also identified a significant structural break, the Qiqavik break, across the 40 km property, a substantial portion of which is left to be explored.
The Qiqavik property sits in the volcano-sedimentary Parent Group of the Cape Smith Belt dominated by basalts and basaltic to andesitic pyroclastics interlayered with thin clastic sediment bands. Several mafic to ultramafic sills as well as dioritic to tonalitic post-tetonic intrusive intrude the volcano-sedimentary package.
The parallel ultramafic “Raglan Belt” has yielded world-class nickel/PGE deposits, but the northern volcano-sedimentary portion of the Cape Smith Belt remains virtually unexplored.
2017 Exploration Program
The 2017 field exploration program on the Qiqavik Property consisted of diamond drilling of 2,723 metres in 23 holes, 721 line-kilometres of airborne (drone) magnetic surveying and 105.6 line-kilometres of IP surveying, prospecting, mapping, surface rock sampling, and till sampling. This work led to better understanding of the surface occurrences discovered in 2016 and to the identification of many additional mineralized occurrences on the property. A summary of the results of the 2017 work program can be accessed in RNC Mineral’s news release dated October 30, 2017, available here.
Drilling has supported the subsurface extent of the structures and the Au and Au-Cu-Co mineralization associated with the 2016 surface gold discoveries at Esperance, Esperance West, and Aurora. A new sulphide mineralized and silicified shear zone discovered at surface in the Central Zone was shown by drilling to extend at depth.
Further reading – http://www.rncminerals.com/qiqavik-project
What are they waiting on before the exploit this property?