Huntsman to Commence Ground Electromagnetics Survey at Canegrass High-Grade Nickel Project, Western Australia
Huntsman to Commence Ground Electromagnetics Survey at Canegrass High-Grade Nickel
Project, Western Australia
Vancouver, British Columbia, January 22, 2021 – Huntsman Exploration Inc. (TSXV: HMAN;
US:BBBMD) (the “Company” or “Huntsman”) is pleased to announce the following updates to
exploration and drilling activities at its Canegrass Nickel project in Western Australia.
Drilling Preparation. Drill pad preparation has been completed, and the Company anticipates arrival
of the drill rig on site and operations for the 18-hole drill program to commence the week of the 25th
of January.
MLEM Survey. The Company will be commencing a Moving Loop Electromagnetic (MLEM)
survey at the Canegrass nickel project on portions of the property where previous air and ground
based EM data was limited. GEM Geophysics have been contracted to perform the work, expected
to commence in the next 10 days. The proposed wo rk is designed to detect massive sulphide
accumulations proximal to the Shepherds Discordant Zone (SDZ) and at depth. Given that there are
no sedimentary horizons within the area and that al l conductors detected and drilled have been
mineralized, any bedrock conductor that is detected will be considered highly prospective. The
MLEM program will concentrate on areas A-B west of the shear zone, with additional work on areas
C and D to follow.
Peter Dickie, President and CEO for Huntsman, commented, “We continue to see a very high degree
of interest in the upcoming drilling at Canegrass as we work to expand on the great successes of the
2018 program. It’s worth noting that, during our prior drill program, we had 100% mineralization
hit rate when targeting survey anomalies. For that reason, concurrent with the drilling of our
remaining, untested anomalies, we are initiating a ne w survey that will increase our knowledge of
key, additional areas of the property. We have always believed in the long-term prospects for nickel
and other battery metals at Canegrass, and our work this year will be instrumental in helping to
increase shareholder value.”
Canegrass High-Grade Nickel Project, Western Australia
High-grade nickel, copper, PGE and vanadium mineralization.
Multiple, high-grade, near-surface drill results.
Drilling success to date has been following up EM survey anomalies. More anomalies remain
to be drill tested.
Attractive Chemistry: Multi-element rock and soil sampling (historical).
Located in the Windimurra Intrusive Complex, road accessible and 500 km from tidewater
Upcoming Drill Program. The upcoming program will include a planned initial 18 holes (3,160 m)
of Reverse Circulation (RC) and Diamond (Core) drilling, whic h will follow up on 2018 successes
and begin to test new, high priori ty areas, as illustrated in the Company’s release dated January 5,
2021. The new program is designed to drill untested conductors identified in surface geophysics and
to continue assessing the extent of the Ni-Cu (Co) mineralization inters ected in the previous
campaign, including targeting the off-hole DHEM anomalies.
2018 drilling highlights include:
BBRC001 (Winx) 14m @ 1.17% Ni, 0.88% C u, 0.05% Co, 463ppb Pd and 375ppb Pt from
65m, including 1m @ 2.70% Ni, 0.23% Cu, 0.12% Co, 751ppb Pd and 723 ppb Pt.
BBDD001 (Sunline) 0.57m @ 3.07 % Ni, 0.62% Cu and 0.24% Co from 144.1m.
BBDD002 (Tulloch) 14.25m @ 0.69% Ni, 0.82% Cu and 0.05% Co from 243.2, including
4.9m @ 1.33% Ni, 1.26% Cu and 0.10% Co.
All 2018 drill holes returned anomalous values of Ni, Cu, Co and were open along strike and at depth.
A limited number of holes in the 2018 program were also assayed for PGE’s, with results noted above.
The Company is exploring the potential to re-assay historic core in an effort to determine potential
for PGE’s in additional areas. Downhole electromagnetic (DHEM) te sting identified anomalies in
several holes, strongly suggesting mineralization is more extensive than intersected, which will be
tested in the upcoming drill program.
In addition, the Company is in receipt of the pr eviously reported Heritage study completed by AHA
Logic in early January. The study was undertak en to confirm complian ce with the Company’s
knowledge of the property, and to ensure compliance with the Aust ralian Aboriginal Heritage Act
1972. Huntsman’s Australian Consultant s, Newexco Exploration Pty Ltd. (“ Newexco”),
accompanied representatives from AHA Logic as they perform the site visit. Results of the study
note that within the exploration work areas the au thors did not identify a ny Aboriginal cultural
material sites.
The Company also wishes to announce the creati on of an Advisory Committee. The purpose and
function of this Committee will be to provide a sounding board and advisory services to Huntsman
on both financial and technical aspects of developing Huntsman’s Nickel and Gold projects. We are
pleased to announce that the initial appointees to the Commit tee are Jerome Cliché and Claude
Dufresne P.Eng.
Mr. Cliché is a seasoned corporate advisor of public companies in areas of financial communication,
corporate finance, investment and business development. He was a co-founder of Renmark Financial
Communication, a Montreal based company offering a wide range of integrat ed investor relations
and financial communications services to small, medium, and large cap public companies trading on
all major North American excha nges. Since 2003, Mr. Cliche ha s specialized in emerging public
companies where he can have si gnificant influence on management for companies with attractive
valuations and little or no published research coverage or exposure in the investment community.
Claude Dufresne, P. Eng., is recognized worldwide for his expertise in the niobium market and was
responsible for the sale and marketing of ferro-niobium produced by the Niobec mine in Quebec from
2001 to 2012. In 2007, Mr. Dufresne founded Camet Meta llurgy Inc., a company specialized in the
sale and marketing of various metals. He participated in economic studies on a number of rare earths,
niobium, manganese and bauxite projects and acted as a supplier of various raw material for the steel
industry. Prior to that, Mr. Dufresn e served as Director of Marketing at IAMGOLD, and he worked
for 10 years as a metallurgist and mill superinte ndent for Cambior in Qu ebec and in Guyana. Mr.
Dufresne graduated from Laval University in 1991 with a degree in mini ng engineering with a
specialty in mineral processing, and he is a member of the Or dre des Ingénieurs du Québec. He has
been President, CEO and director of Niobay Metals Inc. since June 2014.
The Company advises that has granted incentive stock options under its stock option plan to
consultants of the Company authorizing the purchase of 200,000 common shares at a price of $0.30
per share for a period of three year s from the date of grant. The op tions are subject to acceptance of
the TSX Venture Exchange.
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 Co mpany and a Qualified Pe rson 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 sa mpling, analytical, and test data underlying the
information or opinions contained in the written disclosure.
On Behalf of the Board of Huntsman Exploration Inc.
Peter Dickie
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 subj ect to a number of known and unknown risks,
uncertainness and other factors that may cause the ac tual results to differ materially from those
anticipated in our forward-looking statements. A lthough we believe that th e expectations in our
forward-looking statements are reasonable, actual results may vary, and we cannot guarantee future
results, levels of activity, performance or achievements.