Mosaic Minerals drills 0.23% nickel over 159.5 metres at Gaboury, Quebec

VANCOUVER – Mosaic Minerals Corp. [MOC-CSE] has intersected in hole GA-23-13 a section of 159.5 metres grading 0.23% nickel, including 96.5 metres grading 0.25% nickel and 51 metres grading 0.26% nickel. This hole is located on the Pike West showing, Gaboury project, approximately 150 km SW of the Rouyn-Noranda mining camp, Temiscamingue, Quebec.

Four holes, for a total length of 1,120 metres, were completed on this showing at the beginning of 2023. Three holes were drilled in the continuity of the Pike West showing, while hole GA-23-15 was drilled to test a magnetic anomaly located south of the Pike West zone. That hole intersected a weakly mineralized and uninteresting intermediate intrusive.

Drill hole GA-23-12 returned 15 metres of 0.16% nickel, and 6 metres of 0.21% nickel and 12 metres of 0.17% nickel and 39 metres of 0.18% nickel. GA-23-14 returned 159.5 metres of 0.23% nickel, including 96.5 metres of 0.25% nickel, including 51 metres of 0.26% nickel. GA-23-14 returned 31.5 metres of 0.13% nickel.

“We are satisfied with this campaign, which gives us more information on the Pike West index. The Pike and Pike East showings could be among our next targets. These have so far shown similar nickel grades, in addition to a new gold discovery on Pike East,” said Jonathan Hamel, president and CEO of Mosaic.

Following the three-dimensional modelling defined by ALS Goldspot Discoveries, this four-hole program aimed to test different fold hinges associated with ultramafic units corresponding to a major EO magnetic anomaly of more than 8 km. Comprising the Pike Nickel Center, West and East showings, the 6,064-hectare Gaboury nickel project has been traced by drilling over more than 4 km. In addition to the presence of strategic minerals, the Gaboury project also contains several gold showings.

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