Mont Royal Resources (ASX:MRZ) - Executive Director, Peter Ruse
Executive Director, Peter Ruse
Source: Mont Royal Resources/Twitter
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  • Mont Royal Resources (MRZ) and its joint venture partner, Azimut Exploration, strike nickel-copper sulphides at the Wapatik Project in Canada
  • The sulphide mineralisation was unearthed during a maiden diamond drilling program, which returned 68 per cent nickel, 1.3 per cent copper and 0.09 per cent cobalt over 3.3 metres
  • Assay results are still pending for a further three holes which formed part of the phase one drilling program
  • Meanwhile, a phase two drill program is currently underway for a program involving six diamond drill holes operated by Azimut
  • Mont Royal Resources is up 15.3 per cent, trading at 34 cents at 2:40 pm AEST

Mont Royal Resources (MRZ) and its joint venture partner, Azimut Exploration, have struck nickel-copper sulphides at the Wapatik Project in Quebec, Canada.

The sulphide mineralisation was unearthed during a maiden 1000 metre diamond drilling program, which returned 2.68 per cent nickel, 1.3 per cent copper and 0.09 per cent cobalt over 3.3 metres.

Assay results are still pending for a further three holes which formed part of the phase one drilling program.

A phase two drill program is currently underway for a program involving six diamond drill holes operated by Azimut.

Mont Royal’s Executive Director Peter Ruse said the discovery of this massive sulphide mineralisation is a major step in advancing exploration plans at the project.

“Given the results from this initial discovery hole, we’ve immediately moved to follow up with a phase two drill program to further delineate sulphide accumulation both along strike and down dip confirmed by downhole electromagnetic survey,” he said.

Mont Royal Resources was up 15.3 per cent, trading at 34 cents at 2:40 pm AEST.

MRZ by the numbers
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