TRANSFORMA PROVIDES UPDATE ON MAC NICKEL PROPERTY: ROCK SAMPLING ASSAY RESULTS AND REDUCED AREA
2023年11月29日 - 11:15PM
Transforma Resources Corporation (the “
Company” or
“
Transforma”) is pleased to announce results from
the analysis of fifty-seven (57) rock samples taken from the
southwest portion of the MAC Property, which is located 12 km west
of FPX Nickel’s Baptiste Nickel Deposit.
Among the key highlights, nineteen (19) rock
samples have exhibited assays above 0.2% Ni (0.2%), with a high of
2600 ppm (0.26%) Ni content. Another sample recorded 26.3%
Magnesium, while several others returned Magnesium levels around
25%, with 40 others exceeding 15% Mg. Notably, all
samples exceeding a 2000 ppm (0.2%) Ni threshold displayed
anomalous levels of Cobalt to 140 ppm (0.014%), and Chrome to 2211
ppm (0.221%), which reinforces the potential for a multi-element
mineral deposit, adding significant value to the exploration
endeavour. “We are excited that the onsite geologist
observed large grains of apparent awaruite Ni, with one sample
distinctly noting visual awaruite with larger grains locally,” said
Mr. Funk, director of the Company. “Additionally,
14 other samples were identified to contain possible awaruite
nickel grains, showcasing the diverse mineralogical richness of the
site.”
The Company is planning to submit several select
samples for Davis Tube Recovery (DTR) analysis, which will provide
further insights into the mineral composition and assist in
identifying specific drill targets.
The MAC Property is host to a large
Molybdenum/Copper Porphyry Deposit, which the Company also looks
forward to an opportunity to explore.
The MAC Property’s, camp zone deposit is
described in the following BC
Minfile: https://minfile.gov.bc.ca/Summary.aspx?minfilno=093K%20%20097 The
Company also announces that the original area covered by the MAC
Property has been reduced from 19,095 hectares (15 claims) to 7,364
hectares (11 claims). The decision to relinquish the surplus MAC
ground to the Crown was a choice based on economic considerations
and considering the low potential of discovering mineralization of
interest in the relinquished area.
Technical information on the MAC Property
contained in this press release has been reviewed and approved by
Mr. Jeremy Hanson P.Geo., as the qualified person for the
Company.
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About Transforma:
Transforma is a junior exploration company with
the option to acquire a 100% interest in the MAC Property and owns
a 100% undivided interest in its Thunder Copper Property. The
projects are respectively situated in mining-friendly north-central
and southwestern British Columbia.
ON BEHALF OF THE BOARD OF
DIRECTORS Kelly Funk
(Director) Phone: (403) 348-1093 E-Mail:
kelly@transformaresources.com
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward-looking statements:
This release contains statements that are forward‐looking
statements and are subject to various risks and uncertainties
concerning the specific factors disclosed under the heading "Risk
Factors" and elsewhere in the Company's periodic filings with
Canadian securities regulators. Such information contained herein
represents management's best judgment as of the date hereof based
on information currently available. The Company does not assume the
obligation to update any forward‐looking statement.
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