The Graal property as part of a spin out was transfered to Coniagas Battery Metals Inc. in March 2024.
Strategic Move to add Discoveries
The Graal-Nourricier-Lac Suzanne property (Graal) is one of the company's 14 properties in Northern Quebec that have a strong potential to host a variety of electric vehicle (EV) metals including nickel, copper and cobalt. The properties were staked or acquired outright or via option agreements in 2020 and 2021 as part of a strategic move to add to the company’s current cobalt mineralization discoveries in the Cobalt Camp and as an expedient approach to the increasing demand for EV battery metals.
14
Properties
573
Claims
31,201
Hectares
Technical Report
Most recently updated 43-101 from January, 2024.
MILESTONES
Expanded claim package
Acquired 888.56 hectares of land in 2021 for a grand total of 6,113 hectares
Mineralized strike length
6km of near-surface copper, nickel, and cobalt
Completed Strategic Study
Airborne gravimetric and magnetic survey on select areas
Diamond Drilling
Completed 15,000 meters targeting geophysical anomalies
Intercepted Massive Sulphides
With XRF results up to 2.79% Ni and 25.68% Cu
Borehole Geophysics
To quantify potential thickness around the sulphide intersections
Strategy
The Company has conducted a 15,000m drill program at Graal, targeting the Bouguer Anomaly. The company is seeking to identify significant amounts of nickel-copper-sulphide mineralization at the base of the magmatic chamber.
Early-stage drill results have been excellent. Initial drilling intersected massive sulphides with assays for the first three drill holes indicating up to 2.08% nickel and 3.75% copper. Lab results are still pending.
hectares
Km of strike length
meters of drilling
History
Historical exploration on the property encountered numerous encouraging showings of nickel, copper and cobalt.
However, the property was sparsely explored, with up to 800m drill hole spacing or more, and the deepest hole investigated at merely a 100m vertical depth, leaving a lot of ground to investigate more thoroughly.
Geology
The Graal property, located in the Lac St-Jean region southeast of the Lac a Paul Arianne Phosphate deposit and 160 km north-northeast of the city of Saguenay, comprises 87 owned and 23 optioned claims covering 6,113 hectares.
An airborne geophysical (gravity and magnetic) survey in early 2021 identified Graal as the most geologically prospective of the five properties surveyed.
