Gold Mineralization Identified at Zeb Nickel Project Significantly Extends Area of Interest for Potential Gold Resources
Gold Mineralization Identified at Zeb Nickel
Project Significantly Extends Area of Interest
for Potential Gold Resources
Highlights:
Historical hole drilled by Falconbridge, UIT01-5 and Zeb Nickel hole, Z026, both intersected
anomalously high gold mineralization in the northern portion of the Project Area.
UIT01-5 intersected 2.45 g/t Au over 1 m from a depth of 93 m to 94 m down the hole, and 0.82 g/t
Au over 1 m from a depth of 97 m to 98 m down the hole.
Hole Z026 intersected 0.68 g/t Au over 1.83 m from a depth of 221.41 m to 223.20, and 1.36 g/t
Au over 1.50 m from a depth of 250.50 m to 252m.
1
Hole Z029 intersected 9.05 g/t Au over 28.32 m, including 12.21 g/t Au over 10.86 m and including
11.25 g/t Au over 10.64 m.
2
Hole Z027 intersected 1.67 g/t Au over 33.81 m, including 5.07 g/t Au over 4.81 m.
3
This means that gold mineralization is present over large parts of the Project area, and the Project
now holds significant potential for both Ni-Cu-PGE and gold mineralization, which we plan on
expanding with further exploration drilling.
Vancouver, British Columbia--(Newsfile Corp. - September 19, 2022) - ZEB Nickel Corp. (TSXV: ZBNI)
(OTCQB: ZBNIF) ("Zeb" or the "Company") is pleased to announce that an analysis of reports detailing
historical drilling on the Zebediela Project ('the Project") has revealed the presence of anomalously high
gold mineralization in hole UIT01-5, as referenced in the
Project's NI 43-101 report, available on the
Company's website. This hole is located about 530 m north of hole Z026, which also contained
anomalously high gold mineralization. The nickel-PGE results of Z026 were reported in a news release
on March 15, 2022. Drillhole UIT01-5 intersected 2.45 g/t Au over 1 m from a depth of 93 m to 94 m
down the hole, and 0.82 g/t Au over 1 m from a depth of 97 m to 98 m down the hole. Drillhole Z026
intersected 0.68 g/t Au over 1.83 m from a depth of 221.41 m to 223.20, and 1.36 g/t Au over 1.50 m
from a depth of 250.50 m to 252 m. There is no drilling between UIT01-5 and Z026.
These two holes are located more than 2 km to the northwest of drillholes Z027 and Z029, the results of
which were reported in a news release on April 12, 2022.
Gold mineralization on the Project is almost certainly related gold mineralization which occurs on the
Pietersburg Greenstone Belt, which hosts the historical Eersteling Gold Mine.
AB
Figure 1: Map showing the target zones of gold mineralization in yellow, based on intersections from
Z027 and Z029 in the south, and UIT01-5 and Z026 in the north, with the approximate location of Strike
Section A - B as shown in Figure 2 below.
To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/7682/137495_e57bb50b843aabf2_009full.jpg
Figure 2: Southeast - northwest strike section along line A - B as shown in Figure 1, showing the location
of the gold mineralization in relation to the nickel and nickel-copper-PGE mineralization.
To view an enhanced version of Figure 2, please visit:
https://images.newsfilecorp.com/files/7682/137495_e57bb50b843aabf2_010full.jpg
The presence of gold mineralization on both the northern and southern portions of the Project area
means that the gold mineralization is a lot more prevalent than initially thought; and improves the chances
of the Project hosting an economic gold deposit that may be independent of the known nickel and
platinum group element mineralization as documented in the Company's NI43-101, available on the
Company's website.
Wayne Isaacs, Chief Executive Officer and Director of Zeb Nickel, commented,
"The presence of
significant gold values found in drill core on the northern part of the Project area is especially
significant when combined with the fantastic gold discovery in drillholes Z027 and Z029, located more
than 2 km to the southeast. This means that a considerable portion of the project area is generally
enriched in gold mineralization.
The spacing between the drillholes bearing gold is around 450 m in the south and over 800 m in the
north, with no drilling between these intersections. As a consequence, the potential for further
significant gold intersections by drilling in and around these gold bearing zones is enormous. The
location of these gold bearing zones in close proximity to the nickel-copper-PGE bearing Critical
Zone rocks means that drilling will coincidently test for both gold mineralization and nickel-copper-
PGE mineralization once Critical Zone rocks are intersected.
The Company's technical team are currently finalising the proposed locations of the next phase of
drilling, and we look forward to commencing the next phase of exploration to advance the Project and
simultaneously provide more confidence in Targets 1, the historical nickel resource, Target 2, the
nickel-copper-PGE bearing Critical Zone mineralization and now Target 4, the gold mineralization."
About the Company and Project
Zeb Nickel Corp is focused on exploring for and developing world-class mineral deposits, with a focus
on metals that are critical in the production of rechargeable batteries, such as nickel, graphite, lithium,
cobalt, manganese, copper and aluminum. The Company is currently focused on developing its flagship
Zeb Nickel Project, located in Limpopo, South Africa. The Zeb Nickel Project is a developing Class 1
nickel sulfide project strategically located in the Bushveld Complex in South Africa. The Zeb Project
Contains a historical NI 43-101 compliant resource over 3.9 million tons of contained sulfide nickel,
ranking it number 8 in the global top ten nickel sulfide resources (Mudd, G. M., & Jowitt, S. M. (2014). A
detailed assessment of global nickel resource and trends and endowments. Economic Geology, 109(7),
1813-1841).
Qualified Person and Quality Control/Quality Assurance
Richard Montjoie has supervised the preparation of the scientific and technical information that forms the
basis for this news release and has approved the disclosure herein. Mr. Montjoie is not independent of
the Company. Mr. Montjoie is a registered member of the South African Council for Natural Scientific
Professions (SACNASP) membership number 400131/09. Mr. Montjoie holds a M.Sc. Honors in
Economic Geology from the University of Witwatersrand, South Africa, and is fellow of the Geological
Society of South Africa (GSSA).
The analytical work reported on herein was performed by SGS South Africa Proprietary Limited, based
in Randfontein, South Africa, an internationally recognized analytical services provider. Samples are
analysed for Ni using a nitric acid leach and sodium peroxide fusion, followed by an ICP-AES finish; and
Au, Pt, Pd by lead fusion followed by an ICP-AES finish; and for Rh using palladium collection followed
by ICP-OES finish.
A full Quality Control and Quality Assurance (QAQC) program was conducted on all assay results, and all
reported assays where deemed to be acceptable. The program was designed and implemented by Dr.
Matthew McCreesh. Dr. McCreesh is a registered member of the South African Council for Natural
Scientific Professions (SACNASP) membership number 132928. Dr. McCreesh holds a Ph.D. in
Geology from the University of Witwatersrand, South Africa, and is member of the Geological Society of
South Africa (GSSA).
For further information, please visit
http://www.zebnickel.com
or contact:
Zeb Nickel Corp.
+1 416 504 3978
Wayne Isaacs
(Chief Executive Officer)
email:
Company Website:
www.zebnickel.com
/
Cautionary Note Regarding Forward-Looking Statements
This press release contains certain information that may constitute "forward-looking information" under
applicable Canadian securities legislation. Forward-looking information includes, but is not limited to,
drill results relating to the Zeb Project, the potential thereof, timing of economic studies and mineral
resource estimates, the ability to classify the historical resource as a current mineral resource, the ability
to sell marketable materials, strategic plans, including future exploration and development results, and
corporate and technical objectives. Forward-looking information is necessarily based upon a number of
assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties,
and other factors which may cause the actual results and future events to differ materially from those
expressed or implied by such forward-looking information. Factors that could affect the outcome include,
among others: future prices and the supply of metals, the future demand for metals, the results of drilling,
inability to raise the money necessary to incur the expenditures required to retain and advance the
property, environmental liabilities (known and unknown), general business, economic, competitive,
political and social uncertainties, results of exploration programs, risks of the mining industry, delays in
obtaining governmental approvals, failure to obtain regulatory or shareholder approvals, and the impact
of COVID-19 related disruptions in relation to the Company's business operations including upon its
employees, suppliers, facilities and other stakeholders. There can be no assurance that such information
will prove to be accurate, as actual results and future events could differ materially from those anticipated
in such information. Accordingly, readers should not place undue reliance on forward-looking
information. All forward-looking information contained in this press release is given as of the date hereof
and is based upon the opinions and estimates of management and information available to
management as at the date hereof. The Company disclaims any intention or obligation to update or
revise any forward-looking information, whether as a result of new information, future events or otherwise,
except as required by law.
________________________________
1
Company Press Release dated March 15, 2022
2
Company Press Release dated April 12, 2022
3
Company Press Release dated April 12, 2022
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/137495