Arya Resources Completes Initial Drilling and Phase 1 of Drill Program at Dunlop Nickel Project

Source: Arya Resources

Arya Resources (TSXV:RBZ) has completed the first phase of exploratory drilling at its Dunlop nickel-copper project located approximately 45 km north of La Ronge. The drilling program, conducted between December 7-17, 2023, consisted of 8 drill holes totaling 1,045 meters.

The company focused drilling on targets identified at the East Zone of the historic Dunlop deposit. Visual inspection of the drill core indicates the presence of nickel and copper sulfide mineralization similar to that found in previous exploration campaigns between 1960-1980. The core is being processed at a facility in La Ronge before being sent to SRC Labs in Saskatoon for assay analysis.

Previous work outlined a historical resource of 18.11 million tonnes containing nickel, copper, chromium and cobalt. Approximately 12.83 million tonnes were considered viable for open pit mining with the remainder suitable for underground extraction. Historical grades ranged from 0.55% to 1.46% nickel and 0.15% to 0.39% copper.

Arya Resources is a mining and exploration company focused on critical minerals including gold, uranium, lithium and rare earth elements. The company’s shares trade on the TSX Venture Exchange under the symbol RBZ.

The Dunlop project is accessible via provincial highways and power infrastructure. Arya states it has obtained all necessary permits for exploration drilling. Assay results from the recent drill program are still pending.

Highlights from the program are as follows:

Table 1: Fall 2023 Drill Program; Dunlop Ni-Cu Project, Nemeiben Lake

Hole # UTM E UTM N Elevation
(m)
Az TN Dip Final Depth
(m)
AR23-001 489275 6130814 400.9 0.0 -50 200.0
AR23-002 489275 6130867 396.7 0.0 -50 155.0
AR23-003 489222 6130867 397.1 0.0 -55 164.0
AR23-004 489325 6130845 395.6 0.0 -50 140.0
AR23-005 489325 6130900 390.5 0.0 -50 119.0
AR23-006 489225 6130918 390.4 0.0 -55 125.0
AR23-007 489275 6130945 390.7 0.0 -55 65.0
AR23-008 489275 6130945 390.7 0.0 -70 74.0

Kevin Wells, P.Geo, a consulting geologist to the Company, is the independent qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects for the technical disclosure contained in this news release.

 

 

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.

By Matthew Evanoff

I specialize in the mining industry, focusing on top global mining stocks. My reporting covers the latest industry news, company/project developments, and profiles of key players. With a degree in finance and economics from the University of Toronto, I've contributed to a wide range of industry publications. Beyond my professional pursuits, I have a keen interest in global business and a love for travel.

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