Mark Jarvis, CEO of Giga Metals Corp. (TSX.V – GIGA) (“Giga Metals” or “the Company”) is pleased to provide the following 2018 exploration update for its Turnagain Nickel/Cobalt Project.
The company has recently finalized its 2018 field work program, having completed a total of 10,835 metres of core drilling in forty holes (hole numbers DDH18-267 to DDH18-306).
Giga Metals plans to release all analytical results before the end of the year. ALS Global in North Vancouver is the analytical provider.
“Most of the drilling was conducted to collect data in support of advancing the project to the Pre-Feasibility stage, and we believe we now have all the data we need.” said Mr. Jarvis. “Engineering and metallurgical work is underway with a target of generating a Pre-Feasibility study by the third quarter of 2019.”
The 2018 work program included:
- Two exploration holes totaling 1,119.8 metres in the platinum-enriched Attic Zone.
- Thirteen metallurgical infill holes totaling 3,073.0 metres within the Horsetrail and Northwest zones of the Turnagain deposit.
- Twenty-three infill holes totaling 5,866.9 metres, sited between the Horsetrail and Northwest zones to increase sample densities to allow for a reclassification of those portions of the deposit currently categorized as “inferred resources” to “indicated resources”.
- Two exploration holes totaling 775.1 metres in the MAG Zone roughly 5.6 kilometres northwest of Horsetrail deposit.
Giga Metals is continuing to advance the project through ongoing:
- Consultation with the Tahltan First Nation and Kaska Dena communities.
- Environmental and archaeological studies, including the establishment of remote water and wildlife monitoring stations and, the re-establishment of surface and groundwater monitoring programs.
- Metallurgical optimization and the Turnagain Mine project design engineering studies.
About Giga’s Turnagain Nickel-Cobalt Project
The Turnagain Project hosts the Horsetrail nickel-cobalt deposit, among the world’s largest undeveloped nickel-cobalt sulphide deposits, located in British Columbia, Canada.
Engineering and metallurgical studies are underway with an objective of producing a Pre-Feasibility study by the third quarter of 2019. Extensive metallurgical work indicates a clean concentrate grading 18% nickel and 1% cobalt is reliably achievable using simple “off-the-shelf” processing technology.
The Turnagain project covers a large, relatively underexplored land package prospective for additional ultramafic-hosted nickel-cobalt discoveries. Turnagain is one of the few projects in a stable jurisdiction that can potentially deliver large quantities of cobalt and nickel to meet the growing needs of the electric vehicle and energy storage markets at a time when many research analysts are projecting there will be shortages in the cobalt and nickel required by battery manufacturers.