Steadright Follows Up on Nickel-Copper-Cobalt Potential
STEADRIGHT FOLLOWS UP ON DISTRICT SIZE NICKEL-COPPER-
COBALT POTENTIAL
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES
January 23rd, 2023 – Muskoka, ONT.; Steadright Critical Minerals (CSE: SCM)
(“Steadright” or the “Company”) is pleased to announce that Steadright’s exploration
team has compiled historical information on the highly prospective RAM project near
Port Cartier, Quebec, which is associated with Nickel-Copper-Cobalt mineralization.
The RAM project has a strike length of over 9km on the “Main Block” area and a 2km
splay with both up to 500 meters wide and open at depth. The entire strike length
currently contains, “Drill Ready” targets based on the alignment of the magnetic, gravity,
ground and airborne EM anomalies coincident with identified geological targets.
In a 2003 report published by Geologie Quebec titled, “Report on mineral exploration
activities 2002”, the following is stated in an information release contained in the report
from Ressources Appalaches, which had part of the RAM mineral claims, previously
known as the B-20 property:
“Massive sulphide zones with up to 1.2 % Ni, 1.6 % Cu, 0.13 % Co, and 0.4 g/t Pt, were
reported. On the Main Grid, located on the same property, four out of eight drill holes
intersected nine mineralized zones, from 4 to 65 m thick, containing massive sulphides
and yielding grades up to 1.6 % Ni, 1.5 % Cu, 0.18 % Co, and 0.2 g/t Pt…. According to
Ressources Appalaches, these drill results confirm that the B-20 property (RAM) hosts
an important Ni-Cu system located near surface, with significant cobalt and platinum
group element concentrations.”
On March 19th, 2003, The Canadian Journal reported on the finding of what is presently
called the RAM mineral claims:
“These results plus results of earlier drill programs have identified a low-grade, Nickel-
Copper system from surface to a vertical depth of 150 meters and measuring 500
meters by 500 meters. The system is characterized by several zones over 20 meters
thick that are possibly related to a 60-meter-thick zone defined by earlier drilling. The
Massive sulphide zone lying at 150 meters extends into the EM anomalies… Overall,
the massive sulphide zone intersects vary between 0.25-0.75 % Ni (Nickel) and 0.20-
0.47 % Cu (Copper).”
Geology of B-20 (RAM) Project area showing historic drilling.
Robert Palkovits, V.P. of Exploration for Steadright notes, “Strategically, the geological
environment can host deposits such as that found at Voisey’s Bay, NL, or as Talon
Resources (TSX: TLO) and Polymet (TSX: POM) in the Duluth Complex situated within
anorthositic complexes. These deposits can range from smaller, high-grade deposits to
very large low-grade deposits. Based on current data and the shear size of the complex,
all options for tons and grade are on the table for what may exist on the property.”
John Morgan, Steadright CEO comments, “Steadright’s World class team of experts in
Nickel and Copper has put together a terrific historical compilation, with more
information shortly to share. The RAM Ni-Cu-Co project near Port Cartier is gaining
significant momentum and is situated in a World class location with access to
infrastructure and deep-water ports and is prospective for supporting mining with some
of the lowest grades in the industry.”
Qualified Person
Mr. Robert Palkovits, P. Geo, a consultant to Steadright, who is a qualified person
(“QP”) under National Instrument 43-101 – Standards of Disclosure of Mineral Projects
has reviewed and approved the scientific and technical information in this press release.
ON BEHALF OF THE BOARD OF DIRECTORS
John Morgan
CEO
Steadright Critical Minerals Inc.
Phone: (647) 637-8608
Email: [email protected]
Web: www.steadright.ca
Exploring for a better tomorrow…
Steadright Critical Minerals Inc. is a mineral exploration company established in 2019.
Steadright currently holds an option on its RAM property near Port Cartier, Quebec
within the Gaspe Bay Region, which is accessible by route 138. The RAM project is
comprised of 4,201 acres and located on a Anorthositic complex that is in a highly
prospective geological unit and historically been under explored for Ni, Cu, Co and
precious metals. Steadright also has an option agreement for the B2 Project exploring
for Cu, Ag located in the Saguenay-Lac-St-Jean Region of Quebec.
Neither the Canadian Securities Exchange (the “CSE”) nor its Regulation Services
Provider (as that term is defined in the policies of the CSE) accepts responsibility for the
adequacy or accuracy of this release.