- MAX Power (MAXX) commences drilling for Nickel-Cobalt-PGMs at Nicobat
- MAX Power aims to determine if such bodies could be the source of geophysical conductors
- Nicobat is situated about 20 km southeast of New Gold’s Rainy River gold mine
- This area is considered prospective for nickel-cobalt-PGMs due to the presence of a major strike-slip fault
- The focus of the March 2022 reconnaissance drill program will be to test the highest priority conductive responses
- MAX Power Mining Corp. (MAXX) is up 23.08 per cent, trading at C$0.48 at 12:35 pm EST
MAX Power Mining Corp. (MAXX) has commenced diamond drilling at its Nicobat Property in northwest Ontario.
It is targeting the potential for nickel-cobalt-platinum group metals massive sulphide bodies in Potts Township. MAX Power aims to determine if such bodies could be the source of geophysical conductors.
Rav Mlait, CEO of MAX Power, commented: “Timing for the drilling of Nicobat couldn’t be better given the very sharp move in nickel prices and the anticipation of a continued strong metals market.”
“At the same time, as a new company, we continue to evaluate project opportunities across a broad range of commodity sectors as the resource bull market intensifies,” concluded Mlait.
Nicobat is situated about 20 km southeast of New Gold’s Rainy River gold mine in the heart of an under-explored part of Northern Ontario’s Rainy River Greenstone Belt.
This area is considered prospective for nickel-cobalt PGMs due to a significant strike-slip fault conducive to the emplacement of mafic to ultramafic intrusions.
In 2018, Crystal Lake Mining (now Enduro Metals) completed an airborne magnetic-electromagnetic survey at Nicobat.
The purpose of the survey was to delineate magnetic and coincident electromagnetic anomalies caused by massive sulphide mineralization.
Multiple conductors were identified, and conductors for the two highest-ranked anomalies were modelled by Condor Consulting Inc. of Denver, Colorado, to determine their depth and geometry for drill hole targeting.
The focus of the March 2022 reconnaissance drill program will be to test the highest priority conductive responses.
MAX Power’s geological consultant, Ronacher McKenzie Geoscience of Sudbury, Ontario, oversees the drill program.
MAX Power is a dynamic exploration stage resource company currently engaged in identifying, acquiring and exploring high-grade projects in mining-friendly jurisdictions.
MAX Power Mining Corp. (MAXX) is up 23.08 per cent, trading at C$0.48 at 12:35 pm EST.
