GRASSET
Project Snapshot
| Status: | Advanced exploration stage |
|---|---|
| Location: | Detour Fenelon Gold Trend ~90 km east of Detour Lake gold mine (Kirkland Lake Gold) |
| Commodity: | Nickel, copper, cobalt, platinum-group metals (PGM), and gold |
| Ownership: | 100% Wallbridge |
| Current exploration activities: | Review of project data for exploration targeting |
| Mineral resources: | Indicated resource of 4.75 Mt at 1.33% Ni, 0.15% Cu, 0.03% Co, 0.29 g/t Pt and 0.71 g/t Pd (March 2021) |
The Grasset project is part of the 739 km2 Detour Fenelon Gold Trend land package acquired with the acquisition of Balmoral Resources Ltd. It is located adjacent to the Fenelon Gold and Jérémie properties (100% Wallbridge) and approximately 50 kilometres west-northwest of Matagami, Québec.
The Grasset nickel sulphide deposit occurs at the southern end of the Grasset Ultramafic Complex (“GUC”), immediately north of the regional Sunday Lake Deformation Zone (“SLDZ”). The deposit was discovered in 2012 and is comprised of two subparallel zones (H1 and H3 Zones) of disseminated to locally semi-massive sulphide mineralization. It is one of the largest nickel sulphide deposits in Canada’s Abitibi region, and the only North American nickel sulphide deposit with >50,000 contained tonnes of nickel and an average nickel grade of over 1.5% not controlled by a major mining company.
An initial resource estimate and preliminary metallurgical testing results were published in early 2016. Grasset is one of the largest nickel sulphide deposits in Canada’s Abitibi region. Drilling in 2018 and 2019 intersected another significant zone of nickel mineralization in the Central GUC zone, approximately 7 kilometres to the northwest.
Gold mineralization was also intersected on the Grasset project, both within the regional-scale SLDZ which transects the project and within secondary structures marginal to the GUC. Significant discoveries include the Grasset Gold Zone with an intercept of 1.6 g/t Au over 33.0 m, including 6.15 g/t Au over 4.04 m.