Supreme Metals finds East shaft at Helfrick property
SUPREME METALS Corp. has commenced its 2017 field exploration program and has provided the following update on activities.
On the Helfrick cobalt patent property, a site examination was conducted. This work located the East shaft, which was approximately 15 feet by 10 feet on patent SSM2163, where several historical bulk samples were collected, including a 3.7-ton bulk sample collected in 1912 assaying 14.7 per cent cobalt, 9.2 per cent nickel and nine ounces per ton silver (as reported in the Ontario Ministry of Mines and Forests’ MDI file MDI41J11SW00055). Several other veins and old workings were also located while in the field on the Helfrick property.
The East shaft site occurs at the intersection of two quartz-carbonate veins and matches the location as described in the private Helfrick files reviewed by the company and replotted on a current georeferenced digital map fabric. Material collected from the waste pile showed mineralization associated with quartz carbonate veining containing bismuthite, some unknown gray metallic mineral (possibly skutterudite) with pink erythrite staining, chalcopyrite and bornite. A confirmation of some key claim posts on the site was also undertaken. Samples collected from the waste pile at the East shaft are currently being examined and will soon be sent out for assaying.
The pervasive extent of multiple quartz carbonate veining observed in the area is impressive, although the full extent was undetermined due to the limited outcrop exposure and overburden, estimated to be in the range of 0.5 to one metre thick. Measurements of the magnetic
susceptibility of both the quartz carbonate veins and the gabbroic and granophyric variations of the host Nipissing sill will be undertaken in anticipation of a high-resolution drone total field magnetometer survey now being planned to facilitate the recognition of the quartz carbonate veins of lower magnetic susceptibility within the higher magnetic susceptibility of the Nipissiing gabbro host rocks. European lithium strategy A field examination of a Spanish lithium pegmatite
property was also undertaken, as well as undertaking a photographic record of the core. Samples from the core have been assayed, and these are being reviewed now by the company.
Bob Komarechka noted: “The company continues to actively investigate several localities with great potential for both lithium and cobalt. Locating the East shaft on the Helfrick cobalt property, site of a significant historic bulk sample, and observing numerous rusty quartz carbonate veins noted on the property, is very exciting and will facilitate further georeferenced work on the site to better understand the cobalt mineralization and its extent. This is especially relevant in light of the rapid recent rise in cobalt prices in excess of $27 (U.S.) per pound.”
Qualified person Robert Komarechka, PGeo, a qualified person under National Instrument 43-101 regulations, has reviewed the technical data for accuracy.
About Supreme Metals Corp.
Supreme Metals is a Canadian-based exploration company with a focused approach in the area of green and energy metals in the Western world adjacent to anticipated downstream manufacturing projects that will have a significant need for these metals.
We seek Safe Harbor.
Paul D’Aloisio, Robert Gerald Komarechka, Binh Vu
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