-OTCQB] on Monday said initial results from drilling at its Nisk nickel sulphate project near James Bay, Quebec have confirmed the presence of high-grade nickel-copper-cobalt-platinum group element mineralization in the Main zone.
The announcement comes just days after the company said it planned to step up drilling at Nisk after raising $4.2 million from an over-subscribed non brokered private placement of 13.7 million flow-through units priced at 20 cents per unit and 14.4 million non-flow-through units priced at 10 cents each.
“We had planned to drill 5,000 metres and will now add an additional 7,500 to 10,000 metres as we continue to like wheat we see with our drilling program,’’ he said. Drilling highlights include drill hole PN-22-009, which returned an interval length of 25.86 metres grading 1.17% nickel, 0.80% copper, 0.08% cobalt, 1.46 g/t palladium and 0.23 g/t platinum.
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