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First Nickel finding footwall deposits.


Returned assays for the first nine holes of the First Nickel nickel, metallic chemical element; symbol Ni; at. no. 28; at. wt. 58.69; m.p. about 1,453°C;; b.p. about 2,732°C;; sp. gr. 8.902 at 25°C;; valence 0, +1, +2, +3, or +4.  Inc. diamond drilling Diamond Drilling is a highly specialized industry used for mineral exploration around the world. Most commonly using wireline and core bits with diamond encrusted matrix. To drill holes to max depths of twelve thousand feet, for the recovery of core used in verifying mineral  program on the West Graham property have indicated significant high-grade High-grade

Credit quality of AAA or AA.


high-grade

Of, relating to, or being a bond with little risk of default on the part of the issuer. High-grade is usually reserved for bonds rated AAA or AA by the rating services.
 footwall-type deposits.

The West Graham property is located immediately south of the East Zone at Sudbury's operating Lockerby Mine. First Nickel could acquire up to a 70-percent interest in the joint venture with Landore Resources Canada Inc. The property contains the historic Conwest Deposit, which represents an up plunge The term Plunge has multiple meanings:
  • Plunge (American football), a play in American football
  • Plunge (Band), a band
  • The Plunge, a closed historic swim center in Richmond California
  • Plungė, a city in Lithuania.
 extension of the Lockerby Mine.

Broad zones of modest grade nickel sulphides similar to the studies identified in the 1960s were intersected.
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Title Annotation:IN BRIEF
Publication:Northern Ontario Business
Date:Apr 1, 2006
Words:95
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