Oct 6 2012
Stratton Resources is pleased to announce the discovery of substantial strike lengths of nickel-bearing ultramafic rocks on its MAC Project, located in central British Columbia, Canada.
The ultramafic rock package that hosts the Decar nickel-iron alloy deposit currently being explored and developed by First Point Minerals Corp. and Cliffs Natural Resources Inc. extends onto the eastern portion of the MAC claim block for a strike length of approximately three kilometres.
An independent geophysical interpretation of the MAC Project's ZTEM electromagnetic survey data has revealed that the ultramafic rock package striking onto the east side of the MAC claims has been cut by a cross-fault shifting these rocks approximately five kilometres to the west. The shifted northwest extension of the ultramafic rocks has now been identified to continue within the MAC claims for an additional strike length in excess of 11 km (see Company website for updated property maps).
Geological investigation and sampling during the past few months has confirmed numerous outcrop exposures of nickel alloy-bearing ultramafic rocks with alloy grains up to 0.5 millimetres in length. Davis-tube separated magnetic fractions of seven samples from some of these outcrops ranged from 0.25% to 0.64% nickel with associated iron and chromium and averaged 0.38% nickel, 33% iron and 1.2% chromium. Additional geological mapping and sampling will be required to fully assess the potential of these rocks to host economic nickel-iron alloy (awaruite) concentrations.