SOQUEM announces the discovery of a magmatic Nickel-Copper system on its Cardinal Property

SOQUEM

Chibougamau, December 11, 2023 – SOQUEM, a subsidiary of Investissement Québec, is pleased to announce the first results from the autumn 2023 exploration drilling program on its Cardinal Property. The property, wholly owned by SOQUEM, is situated 80 km southeast of Chibougamau.

 

Highlights

  • Discovery of a new mineralized zone, named Richelieu, where drill hole 1438-23-003 returned grades of 0.47% nickel, 0.76% copper, 0.07% cobalt, 0.29 g/t palladium, 0.34 g/t platinum and 0.17 g/t gold over 34.6 metres starting at 72.4 m.
  • 4 of the 6 holes drilled on the Richelieu Zone intersected semi-massive to massive sulphide horizons.
  • A second horizon of 1.9 metres of semi-massive sulphides was also intersected 2.1 km southeast of the Richelieu Zone.
  • Analytical results are pending for all drill holes.

See the press release

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