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Be the first with the news that moves the market- Giga Metals Corp. (GIGA) updated its mineral resource estimate for the Turnagain Project, which increased by 42 per cent
- The increase is based on an additional 15 drill holes over 6,295 metres drilled in 2021
- As a result, the measured plus indicated nickel-copper resources have grown
- The inferred resources have also grown due to the volumes of the ultimate conceptual pit being expanded
- CEO Mark Jarvis sat down with Sabrina Cuthbert to discuss the news
- Giga Metals Corp. (GIGA) opened trading at $0.32
Giga Metals Corp. (GIGA) has updated its mineral resource estimate for the Turnagain Project, which increased by 42 per cent to 1.52 billion tonnes.
The increase is based on an additional 15 drill holes over 6,295 metres drilled in 2021 that were drilled for resource expansion and resource classification upgrade in addition to supplying geotechnical data.
As a result, the measured plus indicated nickel-copper resources have grown. The inferred resources have also grown due to the volumes of the ultimate conceptual pit being expanded.
Since the 2019 mineral resource update, Giga Metals has performed resource expansion and geotechnical drilling in addition to revising its geological modelling.
The new model reflected resources in the Horsetail zone, north of the Turnagain river, and the Hatzl zone south of the river. However, it excluded resources underlying the river and an ecological setback on either side.
Mark Jarvis, CEO of Giga Metals, sat down with Sabrina Cuthbert to discuss the news.
Giga Metals Corp. (GIGA) opened trading at $0.32.
