MANITOBA As we said about hunting elephants (above), we think the same is true of nickel deposits. The Thompson Nickel Belt, long a key operation for INCO LTD., continues to interest other would-be nickel miners.
Vancouver-based CALLINAN MINES announced this week that it is advancing exploration at its Pine and Phillips Lake claims. Drilling by a previous operator intersected nickel values from 0.43% to 6.07%. Callinan is regridding parts of the property and plans to start drilling in August. The new cores will be assayed for PGMs as well as nickel. The company's claims cover portions of the Manassan Thompson and Pipe formations.
Meanwhile, CREAM MINERALS of Vancouver has granted an option to earn a 75% interest in its Trout and Trout 1 claims to 4378831 MANITOBA. The claims are contiguous with the Stephens Lake claim group that is optioned to BHP BILLITON. Both claim groups are owned by Cream and its sister companies, SULTAN MINERALS and VANGOLD RESOURCES. The Trout and Stephens Lake claims lie about 100 km east of Gillam, Man., and are believed to be underlain by the extension of the Thompson Nickel Belt.
Two other potential nickel-hosting areas in northern Manitoba are the Mel property optioned from Inco by NUINSCO RESOURCES and the Bucko resource block optioned from Falconbridge by CROWFLIGHT MINERALS. Look for more players in the area if the nickel price remains strong.
Comments