Mining Discovery

Surimeau! 0.71% Grab Sample, New Area….

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Here we go, prospecting results from this summer!

Let me refresh your memory, this has been a while coming.  You recall we flew our detailed mag survey earlier this year, along with EM, which gives us targets that represent sulphides detected in the first ~100m below ground.  Well, that survey has turned out to be a fantastic, fairly low cost (or effective cost) tool, as previously stated, when our field team can find outcrop at a target (and it is not every time) they find sulphides with some amount of mineralization. That allowed us to interpret the Victoria and Lalonde systems as representing ~20km and ~9km mineralized structures respectively.
Well, now we have the assays!
As you know, grab samples are just that, a bag with some chunks of rock, a couple pounds perhaps, that tell us what is in the specific spot, and only that.  I keep writing the same sorts of things – ie not representative, in press releases and my notes. Why? Well, because, a grab sample only tells you the values of the rock in the bag.  Nothing more.  But we can use that data to get an idea of the extent of mineralization, and the potential grade.  We cannot conclude that, for example, our 0.71% Nickel in an entirely unexplored, by us or anyone else, area towards the middle of Victoria, is going to give that grade through out the structure.  But we do now it is there in that spot.  If it is there is it anywhere else? Well, time and work will tell.  So – when you read about grab samples, or prospecting samples, understand the context of what you are reading.  Now that I have thoroughly deflated that balloon and made it clear I am not promoting, and you will do your due diligence as always, let’s talk!

You saw in the PR we put out on Monday, linked below, that we got some 0.32% Ni grades in the Lalonde area with surface grabs – that was quite interesting to us in the field, and caused us to do some followup small scale trenching/channel cutting (results pending) along with the larger scale stripping/channel cutting (work ongoing). So, stay tuned, but it is interesting.  The two structures are pretty close together and both very visible in our mag and EM. What does it mean? What, if anything, does proximity mean? We do not know yet, but we will work to find out.

Really these prospecting results serve to highlight, to me at least, two particular things, as follows;

1 – Lalonde is quite interesting and warrants follow up work, with mineralization similar to Victoria, demonstrating geophysical continuity supported by surface samples over the 9km we have had the opportunity to prospect, and open along strike (that means there is more of the anomaly to prospect, we have not done that yet).  So work Lalonde we will, we know have a property with two mineralized structures separated by ~3.7 km (at least along the road, Lalonde is on an angle, not as e/w as Victoria), to me this means the scale, and the potential, at Surimeau continues to grow.

2 – We were surprised by the 0.71% Ni grab in the central area of Victoria, it came alongside several other elevated (to various levels) nickel numbers.  This area has never been explored, or if it was no record or evidence exists. So this is interesting, as the grade is higher, compared to other samples on the property, as you see from our press releases. We didn’t expect that grade.  
This demonstrates an important (and frustrating) point about Surimeau – we cannot assume that what we are seeing now is where this property will finish. We do not know all there is to know. Yet.  
A few things won’t change, location in Quebec between Rouyn and Val d’Or, beside Canada’s largest open pit gold mine, Canadian Malartic, in the under explored Pontiac sediments.  Year round road access with regional and national roads, and the power lines from the two hydroelectric generating stations, producing Canada’s cheapest electricity, and some of the lowest carbon footprint electricity on the planet, to the south. A rail line.  The Horne smelter, an hour away in Rouyn is not going anywhere.  The democratic governments of Canada and Quebec are here to stay, as is the rule of clearly documented law in this country. 
All those things are here for a while.
Consider too the macro picture, the need for metals. Who knows what the future holds but it needs metal, a lot of it, from mines that do not exist.
Along with everything we know, and have seen form Surimeau to date, we have unknowns, and therein lies the excitement, the risk and the opportunity.  As well as the magic of exploration.
What will the next results bring?  What will they add to the picture, which is slowly becoming clearer, of what Surimeau holds?
We will see. But we do know what we know, and that justifies continuing to explore, working to define what we have and paint a clear picture.

Press release linked below, in English and French.
Before that is linked an interview I did with Market Mindset, a bit different this time. Maybe helpful? I have no idea….
Also – if you are in and around New York next week I will be at the One 2 One show, if you are there and want to meet please look at my schedule and book.

All for now, thanks for reading, do your DD and be safe out there
Nicole 

Market Mindset Interview Link
Press Release English
Press Release French
 

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