NICKEL STUDY – 2.5M more high-grade tonnes added to Nunavik

QUEBEC - Montreal-based CANADIAN ROYALTIES has made an initial resource estimate for the recently discovered Allamm...
QUEBEC - Montreal-based CANADIAN ROYALTIES has made an initial resource estimate for the recently discovered Allammaq deposit at its Nunavik nickel project. The deposit contains 2.1 million tonnes of indicated material grading 1.30% Ni, 1.52% Cu, 0.05% Co, 0.13 g/t Au, 0.73 g/t Pd and 3.14 g/t Pd, plus 461,000 tonnes of inferred material grading 1.97% Ni, 1.84% Cu, 0.08% Co, 0.13 g/t Au, 0.81 g/t Pt and 2.67 g//t Pd.

The Allammaq resource model was derived from delineation drilling conducted during 2007 that outlined an ultramafic-hosted, convex-shaped, shallow north-dipping lens of dominantly net-textured sulphides with lesser massive sulphide and vein-type mineralization, according to the company. The deposit remains open for further expansion.

The Nunavik nickel numbers now total 19.5 million tonnes of indicated resources grading 0.97% Ni and 1.18% Cu, plus 4.1 million tonnes of inferred resources at 0.96% Ni and 1.17% Cu.

The Nunavik project is 20 km south of Xstrata Nickel's Raglan mine.

See www.CanadianRoyalties.com for further information.

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