SRQ Resources Inc./ Ressources SRQ Inc. NR2024-02 SRQ Resources: Detailed Characterisation of LAC Brulé Nickel and Copper Mineralisation Virtual Non-Deal Roadshow ON February 14
SRQ Resources Inc./
Ressources SRQ Inc.
NR2024-02
SRQ RESOURCES: DETAILED CHARACTERISATION OF LAC BRULÉ NICKEL
AND COPPER MINERALISATION
VIRTUAL NON-DEAL ROADSHOW ON FEBRUARY 14
Montreal, Quebec – February 13, 2024 – SRQ Resources Inc. (TSX-V: SRQ) (“SRQ” or the
“Company”) is pleased to announce it has further characteri sed the nickel and copper
mineralisation of Lac Brulé’s recently discovered Ultramafic Magmatic (“UM”) intrusive complex
using petrological and mineralogical studies of samples.
Dr. Marc -Antoine Audet , SRQ’s President & CEO, will present the findings and the 2024
projected exploration program during a live virtual non-deal roadshow hosted by Renmark
Financial on Wednesday , February 14 , 2024, at 12:00 P.M. EST. Investors and interested
parties are invited to register here using the latest version of Google Chrome. Access to a replay
of the event will be available on the SRQ website or on Renmark Financial’s website at
www.renmarkfinancial.com/vndrs.
Highlights of Mineralisation Characteristics at Lac Brulé’s UM Complex:
• UM complex is composed of meta-pyroxenite and meta-peridotite, both of which intrude
the highly metamorphic host rock sequence:
o The meta-pyroxenite includes locally porphyritic assemblages of diopside,
magnesio-hornblende and olivine (Fo80-84) with a lesser proportion of enstatite,
intercalated with mineralized horizons containing up to 30% sulphides
▪ Sulphides present are mainly pyrrhotite (iron + minor nickel (“Ni”)),
chalcopyrite (copper (“Cu”)); cobalt-rich pentlandite (Ni and cobalt (“Co”))
o Lower than expected nickel was observed in the olivines in the meta-peridotite,
suggesting their transfer to the sulphide’s liquids during immiscibility
Petrological and Mineralogical Studies Identify Presence of Mineralised Pyroxenite at
Lac Brulé
SRQ’s discoveries are being made on its 100%-owned Lac Brulé property located 50 kilometres
(“km”) north-west of the former Renzy nickel-copper mine in the Upper Laurentian region of
Quebec and a five -hour drive from Montreal. The former Renzy mine operated from 1969 to
1972. UM intrusive bodies host mineralisation at both the Renzy mine and at Lac Brulé. Both
sites present several striking similarities including mineralogy , petrology and timing of
emplacement.
A total of 50 samples were carefully collected during the 2023 Phase 1 & 2 drilling programs at
the Lac Brulé UM complex (Figures 1 & 2 ) for detailed petrological and mineralogical studies
using an optical microscope and a scanning electronic microscope (“SEM”). These studies were
carried out at the ISTerre of the University of Grenoble Alpes by Professor Christian Picard ,
university professor (retired) of earth sciences ( with special authorisation from Ordre des
Géologues du Québec (OGQ)).
The discovered UM complex is composed of meta-pyroxenite and meta-peridotite, both intruding
the highly metamorphic host rock sequence. The meta -pyroxenite includes locally porphyritic
assemblages of diopside, magnesio-hornblende and olivine (Fo80-84) with a lesser proportion
of enstatite , intercalated with specific mineralized h orizons containing up to 30% sulphides
mostly as net texture within the silicate gangue.
Within the intrusive meta-peridotite, low nickel contents were measured in the olivine crystals
(800 to 1,600 parts per million (“ppm”)) versus an expected nickel range in olivine of 3 ,000 to
4,000 ppm. This could reflect a strong transfer of nickel from the olivines to the sulphide liquids
produced during immiscibility mechanisms.
Distribution and Composition of Sulphides
Sulphides present in the pyroxenite sequences ( Table 1) are pyrrhotite (Ni: 0.17 to 0.66 wt%).
chalcopyrite (Cu: 34.56 to 36.27%) and cobalt-rich pentlandite (Ni: 34.56 to 36.73 wt%; Co: 4.15
to 7.33 wt%) present as isolated phases and /or as exsolutions in pyrrhotite (Figures 3 & 4). A
few rare pyrite crystals are present.
Hole LB-23-12 returned the sulphide assemblages below (pyrrhotite (“Po”), chalcopyrite (“Cp”)
and pentlandite (“Pn”))
• 106.15 to 107.8 m (Ni: 0.63 to 0.79%; Cu: 0.36%) 30 to 37% sulphides including 27 to 33% Po /
1% Cp / 2 to 2.5% Pn
• 110.65 to 111.5 m (Ni: 0.6%; Cu: 0.47%) 30% sulphides including 27% Po / 1% Cp / 2% Pn
• 112 to 113 m (Ni: 0.54%; Cu: 0.37%) 26% sulphides including 23% Po / 1% Cp / 1.7% Pn
• 114.8 to 115.1 m (Ni: 0.53%; Cu: 0.36%) 27% sulphides including 24% Po / 1% Cp / 1.7% Pn
• 119 to 120.95 m (Ni: 0.52 %; Cu: 0.27 to 0.59%) 25 to 28% sulphides including 24% Po / 1% Cp
/ 1.7% Pn
• 122.45 to 124.7 m (Ni: 0.51 to 0.53%; Cu: 0.19 to 0.49%) 26 to 27% sulphides including 23-24%
Po / 0.8 to 1.7% Cp / 1.7% Pn
• 128.15 to130.85 m (Ni: 0.49 to 0.66%; Cu: 0.35 to 0.44%) 25 to 32% sulphides including 23-
24% Po / 1 to 1.4% Cp / 1.7% Pn
• 133.3 to -134.8 m (Ni: 0.53 to 0.58%; Cu: 0.37 to 0.64%) 26 to 30% sulphides including 22-28%
Po / 1 to 1.3% Cp / 1.6 to 2.1% Pn
Microcrystals of silver tellurium (hessite - Ag2Te), as well as silver and palladium tellurium, were
observed in hole LB-23-10 at 207.3m.
Figure 5 shows massive sulphide composed of chalcopyrite, pentlandite and pyrrhotite as late
remobilisation of massive sulphides filling fractures.
Table 1: Chemical composition for sulphide species
Pyrite
n=2
Elt wt% Mean Min. Max. Mean Min. Max. Mean Min. Max. Mean Min. Max. Mean Min. Max. mean Min. Max.
S 38.44 38.08 38.87 33.76 33.51 34.25 31.37 31.14 31.6 38.9 38.72 39.06 33.96 33.85 34.06 31.61 31.42 31.91 52.69
Fe 60.89 60.43 61.19 30.04 29.81 30.33 27.56 26.8 29.07 60.56 60.44 60.71 30 29.66 30.25 26.83 26.3 27.97 45.46
Co 0.15 0 0.36 0.15 0 0.28 5.06 4.15 5.69 0.12 0 0.39 0.15 0 0.23 5.82 4.26 7.33 1.69
Ni 0.43 0.2 0.66 0.08 0.04 0.12 35.85 34.75 36.73 0.3 0.17 0.64 0.1 0.06 0.15 35.59 34.56 36.15 0.04
Cu 0.1 0.06 0.14 35.97 35.68 36.27 0.18 0.07 0.3 0.1 0.07 0.13 35.79 35.51 36.08 0.15 0.1 0.25 0.11
Total 100 100 100.01 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100
Elt At%
S 52.11 51.74 52.57 48.72 48.45 49.27 45.07 45.07 45.04 52.6 52.41 52.76 48.72 48.45 49.27 45.36 45.35 45.35 66.04
Fe 47.39 46.92 47.67 24.89 24.7 25.14 22.73 22.79 22.86 47.01 46.93 47.1 24.89 24.7 25.14 22.1 22.13 22.1 32.71
Co 0.11 0 0.27 0.11 0 0.22 3.95 3.92 3.87 0.09 0 0.29 0.11 0 0.22 4.54 4.55 4.56 1.15
Ni 0.32 0.15 0.49 0.07 0.03 0.1 28.13 28.09 28.1 0.22 0.12 0.48 0.07 0.03 0.1 27.89 27.87 27.88 0.02
Cu 0.06 0.04 0.1 26.2 25.9 26.46 0.13 0.13 0.13 0.07 0.05 0.09 26.2 25.9 26.46 0.11 0.1 0.1 0.07
Total 100 99.99 100.01 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100
Sample LB-23-01 -194.7 m Sample LB-23-01 --207.335 m
Pyrrhotite
(-194,07 m - n=9)
Chalcopyrite
(-194,07 m - n=13)
Pentlandite
(-194,07 m - n=10)
Pyrrhotite
(-207,35 m - n=4)
Chalcopyrite
(-207,35 m - n=4)
Pentlandite
(-207,35 m - n=8)
Figure 1: Compilation map of 2021 EM conductive zones and 2023 drillholes. The large
North Zone EM target has not been drill tested.
Figure 2: SW-NE longitudinal cross-section showing the UM intrusive and the Ni-Cu
mineralised horizon.
Figure 3: LB-23-12 – 107.3 m: Pyroxenite:
Hb: magnesio-hornblende; Ol: olivine, Cpx: pyroxene (diopside), Po: pyrrhotite, Pn:
cobalt-rich pentlandite, Cp: chalcopyrite, Mt: magnetite, Il: ilmenomagnetite
Figure 4 : LB-23-12 – 123.60 m: Wehrlite with magnesio-hornblende and phlogopite.
Amp: magnesio -hornblende ; Ol: olivine, Cpx: pyroxene (diopside), Po: pyrrhotite, Pn:
cobalt-rich pentlandite, Cp: chalcopyrite, Py: Pyrite, Mt: magnetite, Il: ilmenomagnetite
Figure 5: LB-23-18 - Vein of sul phide-rich material, mostly massive chalcopyrite,
pyrrhotite and pentlandite, intersecting the early-stage phmineralisation and returning up
to 6.49% Cu.
Quality Control
Core logging and sampling are performed at SRQ’s field facilities by SRQ’s staff. Sample
preparation and whole rock analysis are carried out by Activation Laboratories Ltd (Actlab),
Ancaster and Thunder Bay, Ontario, Canada . All samples were assayed for Ni, Cu, Co, Fe, S,
Pt, Pd and Au using sodium peroxide fusion ICP for the first five elements and by Fire Assay
ICPOES for the last three.
The technical information in this release has been reviewed and approved by Dr. Marc -Antoine
Audet, Ph. D geology, P. Geo and President and CEO of SRQ Resources, and a ‘Qualified
Person,’ as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.
About SRQ Resources Inc.
SRQ is a Canadian base metals company exploring for nickel , copper and platinum in the
province of Québec. A near -surface Ni-Cu project , Lac Brulé is located on a 288 km² virgin
exploration property at a five -hour drive from Montréal. The project’s prospectivity for base
metals has been confirmed by geological mapping , the presence of a surface gossan and
geophysical surveys. The presence of the historic Renzy Ni -Cu mine located 50 kilometers to
the south-east and at the heart of the large regional pattern further adds to the area’s mineral
exploration appeal. For more information about SRQ . please visit SRQ’s website at
www.srqexploration.com/.
About Renmark Financial Communications Inc.
Founded in 199 9, Renmark is a privately held full -service investor relations firm . located in
Atlanta. New York. Toronto and Montreal. For the past 25 years. Renmark has provided services
in investor relations . media relations and web development representing small , medium and
large cap public companies listed on all major North American exchanges. On a daily basis ,
Renmark team of professionals enhance client’s visibility within the retail market space as
corporate communicators. With the largest roadshow footprint in North America. and a state-of-