REG - URU Metals Limited - ZEB Nickel Corp to commence geotechnical drilling

URU MetalsAnnouncement

19/10/2022 13:00

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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
(http://www.zebnickel.com)

ZBNI announcement ends

For further information, please contact:

 

 URU Metals Limited                +1 416 504 3978

 John Zorbas

 (Chief Executive Officer)

 SP Angel Corporate Finance LLP    + 44 (0) 203 470 0470

 (Nominated Adviser and Broker)

 Ewan Leggat / Harry Davies-Ball

 

 

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