TIDMURU
RNS Number : 3126D
URU Metals Limited
19 October 2022
19 October 2022
URU Metals Limited
("URU")
ZEB Nickel Corp to commence geotechnical drilling
URU announces that ZEB Nickel Corp. has today announced that it
will shortly be commencing with geotechnical drilling on its Zeb
Project, located in Limpopo, South Africa (the "Project"), as part
of Zeb's Mining Right Application to the South African Department
of Mineral Resources and Energy.
URU successfully completed the disposal of the Project to ZEB
Nickel Corp. in August 2021 and the Project remains the primary
focus of URU, through its 74.82% interest in Zeb Nickel Corp. and
URU's continuing role as the technical adviser on the Project.
The ZBNI announcement is as follows:
Geotechnical Drilling to commence at the Zeb Nickel Project as
part of a Dolomitic Stability Investigation in order to advance the
Company's Mining Right Application.
Vancouver, BC, October 19(th) , 2022 - ZEB Nickel Corp.
(ZBNI:TSX-V) (OTC:ZBNIF) ("Zeb" or the "Company") is pleased to
announce that the Company will shortly be commencing with
geotechnical drilling as part of dolomitic stability investigation
for the proposed mining infrastructure area which forms part of
Zeb's Mining Right Application to the South African Department of
Mineral Resources and Energy (DMRE).
The Mining Right Application submitted to the DMRE as described
in the Company's 43-101, available on the Company's website, had
earmarked certain areas on the Project for surface mining
infrastructure, which is underlain by dolomite. The DMRE has
requested that the Company perform a dolomitic stability
investigation in this prescribed area to ensure that any future
surface mining infrastructure is not situated on geotechnically
unstable ground, which can be associated with dolomite.
The drilling will be conducted by Ntamu Engineers, which is a
South African Professional Environmental Consulting agency, with a
team of professionals specializing in several environmental science
and environmental engineering fields.
Drilling will follow on the back of a geophysical investigation
consisting of a gravity survey to delineate areas of low densities
possibly associated with dissolution cavities.
Drilling of an estimated 17 boreholes using an air percussion
drilling method will be drilled to a minimum of 6 m into hard rock
or 60 m whichever comes first as per South African National
Standard (SANS) 1936-2. Logging of the drilling chips will be done
by a qualified engineering geologist. Drilling will also be
supervised by the Company's geologists, who will monitor the chips
for any geological information pertinent to the project and examine
the chips for signs of mineralization.
No assays will be done on material collected from these
drillholes unless mineralization is intersected.
The results of the study will be submitted to the South African
Council for Geoscience for review, and then the final report will
be submitted to the DMRE for comment. Drilling is expected to be
completed by the October 28(th) , 2022, and the final report
submitted to the DMRE during early December, 2022.
Wayne Isaacs, Chief Executive Officer and Director of Zeb
Nickel, commented: "This study, as requested by the DMRE, forms
part of routine geotechnical investigations for any construction
activities that may be situated on dolomite or limestone
lithologies. The Company does not anticipate any complications
arising out of this study, and the geological team are eager to log
these holes and be on the lookout for any Ni-Cu-PGE and gold
mineralization which is known to occur in the area under
investigation. This study will benefit the Company by not only
advancing the application for a Mining Right over the Project Area,
but also by providing additional geological information in the
footwall to Targets 1 and 2, as described on our Company's
website."
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).
For further information, please visit
http://www.zebnickel.com
ZBNI announcement ends
For further information, please contact:
URU Metals Limited
John Zorbas
(Chief Executive Officer) +1 416 504 3978
SP Angel Corporate Finance LLP
(Nominated Adviser and Broker)
Ewan Leggat / Harry Davies-Ball + 44 (0) 203 470 0470
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