Huntsman Exploration to Commence Major Exploration Program at Canegrass Nickel Discovery in 2022 Huntsman Highlights Include: Huntsman to prioritise Nickel exploration strategy in 2022 Huntsman’s 100% owned Canegrass Nickel project represents an exciting new
Huntsman Exploration to Commence Major Exploration Program at
Canegrass Nickel Discovery in 2022
Huntsman Highlights Include:
Huntsman to prioritise Nickel exploration strategy in 2022
Huntsman’s 100% owned Canegrass Nickel project represents an exciting new
early‐stage discovery in world class mining jurisdiction
Canegrass nickel project has the potential to define new Nickel province in
Western Australia
Major ~5,000m drill program to commence in February 2022
o ~3,500m Diamond Drilling
o ~1,500m Reverse Circulation Drilling
Diamond Drilling to follow up on exceptional previous intercepts at three key
prospects Tulloch, Tobin Bronze and Sunline including:
o 14.25m @ 0.69% Ni, 0.82% Cu and 0.05% Co from 243m, including 4.9m @
1.33% Ni, 1.26% Cu and 0.10% Co (Tulloch)
o 3.1m @ 2.2% Ni, 0.2% Cu from 312m (Tulloch)
Additional new anomalies emerging in Northeast with geophysics ground crew on
site
Huntsman to continue with experienced Nickel consultants Newexco
Exploration strategy to date has focussed on identification and testing of MLEM
and FLEM targets
o Existing exploration strategy has returned exceptional results with all
identified targets identified and assessed to date returning nickel
mineralisation across both 2018 and 2020 drill programs
Vancouver, British Columbia, December 13, 2021 – Huntsman Exploration Inc. (TSXV: HMAN;
US: BBBMF) (the “Company” or “Huntsman”) is pleased to announce its revised exploration
strategy for 2022. Due to the strong resurgence of the nickel price together with improving
fundamentals for battery metals, the board has determined that it will continue to focus its
exploration efforts on the Company’s wholly owned Canegrass Nickel Project in Western
Australia in the immediate future.
Scott Patrizi, President and CEO commented, “Recent results from both the 2018 and 2020
exploration programs at the Canegrass Nickel project have demonstrated the exceptional
prospectivity of this project and its potential to host a world class nickel discovery. The project
itself sits in the heart of Western Australia’s majors mining hubs, remains easily accessible year‐
round and has access to all the required infrastructure.
Huntsman together with our technical team and consultants at Newexco have demonstrated a
proven exploration strategy in the use of MLEM and FLEM which has generated exceptional
outcomes on the limited drilling we have done to date. Our plan for 2022 is to simply expand on
our existing knowledge and replicate the success we have had in the past in the hope of
delineating a new major nickel resource.
The technical team we have on the ground in Australia in Newexco have a track record of
discovering some of the largest most profitable nickel discoveries in Australia. I am very excited
to see the results of the upcoming program.”
Exploration Overview and Strategy 2022
The Canegrass Property is situated in the Windimurra Intrusive Complex within a favourable
geological setting with multiple mineralised horizons in favourable host rock. The mineralisation
is open along strike and at depth with extensional drilling also planned to test down plunge
exploration potential.
The recent MLEM and FLEM surveys confirmed the previously known VTEM anomalies flown by
previous operators and identified some new areas of interest. Drilling of select VTEM targets by
Huntsman resulted in sulphide intersections in each hole confirming the use of geophysics as the
primary exploration tool in target identification (Figure 1).
Drilling to date has been very encouraging with multiple high‐grade nickel, copper and PGE
mineralisation encountered across several prospects (Figure 2). The Company now plans to
assess the significant exploration potential of the prospective stratigraphy that extends in a
north‐south strike trend of ~9.0 km. Several known Australian nickel sulphide producing deposits
have been discovered by following mineralisation that ultimately led to a feeder system that
formed the bulk of those deposits.
At Tulloch, multiple mineralised horizons in favourable host rocks were identified during the
recent drilling in 2018 and 2020. The Company has now extended the mineralised zone to over
200 m with the deposit remaining open downdip and along strike.
Several other potential prospects have already been defined for further evaluation including but
not limited to Tobin Bronze and Sunline.
A review of the PGE potential within the current tenure is also warranted.
Figure 1: Modelled EM Conductor and Drilling.
Figure 2: Core sample of high grade copper and nickel from BBDD009 at the Tulloch zone
returning assays of 0.9% Ni, 5.7 % Cu, 0.07% Co, 0.11 g/t Pt and 0.05 g/t Pd over 1.1 m.
Canegrass Project Geology
The Tenement E59/2119 covers an area of over 39 km2 extending over part of the Windimurra
Igneous Complex. The geology is dominated by the Windimurra Igneous Complex, a large
differentiated layered ultramafic to mafic intrusion emplaced within the Yilgarn craton of
Western Australia. It is conical to a sheet‐like body intruded into the Archaean granite‐
greenstone terrain of the Murchison Province. It outcrops over an area of approximately 2,500
km2 and has an age of approximately 2,800 Ma. The complex is dominantly comprised of basic
cumulate rocks that can broadly be classified as gabbroic in composition. Magmatic layering dips
inwards at the margins and flattens in the centre. It is dissected by large scale strike‐slip shear
zones so that the original extent of the complex is unknown. The Windimurra Igneous Complex
is part of a much larger suite of similarly layered ultramafic to mafic bodies emplaced between
2,700‐2,800 Ma across the Murchison Province. Collectively, these complexes are similar in
thickness, volume, and composition to the Bushveld Igneous Complex of South Africa.
The Canegrass Project is predominately underlain by the lower zone of the Windimurra Intrusive
Complex, a series of olivine‐rich gabbros and gabbronorites which grade upwards into more
leucocratic gabbroic rocks. The lower zone is separated into a western and eastern lobe by the
Shephards Discordant Zone (SDZ), which represents a significant break in the igneous
stratigraphy and is characterised by magnetite and magnetite‐bearing gabbro. To the east of the
SDZ lies a package of mafic volcanic rocks, felsic volcaniclastic sandstones, and banded iron‐
formation bounded by the Wyemandoo Shear Zone and part of the Norie Group. In the
southwest of the Tenement is the Corner Well Gabbro, a late phase of peridotitic–gabbroic pipes,
0.3 – 2 km in diameter, which intrudes into the lower zone of the western lobe of the Complex.
The geological complex at the Canegrass has only been explored approximately 15% of the total
7 km strike length of the mineralized shear zone. The potential exists for the current zones to be
connected along strike and at depth.
Qualified Person
The technical content of this news release with respect to Canegrass has been reviewed and
approved by Nathan Tribble, P.Geo., a director of the Company and a Qualified Person pursuant
to National Instrument 43‐101. The qualified person has not yet visited the Canegrass Project and
therefore has not yet verified the data disclosed, including sampling, analytical, and test data
underlying the information or opinions contained in the written disclosure.
About Huntsman Exploration Inc.
Huntsman is a mineral exploration company focused on the exploration and development of the
Canegrass Nickel Sulphide project in Western Australia under the Company’s Huntsman Nickel
division, and the exploration and development of the Company’s gold projects under the
Huntsman Gold division, specifically the Baxter Spring historical gold discovery in Nevada and the
Flint property in Idaho.
On Behalf of the Board of Huntsman Exploration Inc.
Scott Patrizi
President and Chief Executive Officer
For more information, please contact 1‐855‐584‐0160 or [email protected]
Neither TSX Venture Exchange, the Toronto Stock Exchange nor their Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Forward Looking Statements: Statements contained in this news release that are not historical facts are forward‐
looking statements, which are subject to a number of known and unknown risks, uncertainness and other factors
that may cause the actual results to differ materially from those anticipated in our forward‐looking statements.
Although we believe that the expectations in our forward‐looking statements are reasonable, actual results may vary,
and we cannot guarantee future results, levels of activity, performance or achievements.