Ground Electromagnetic Survey At Canegrass High-Grade Nickel Project


VANCOUVER - Huntsman Exploration Inc. reported on the exploration and drilling activities at its Canegrass Nickel project in Western Australia. Drill pad preparation has been completed, and the Company anticipates arrival of the drill rig on site and operations for the 18-hole drill program to commence soon. The Company will be commencing a Moving Loop Electromagnetic (MLEM) survey at the Canegrass nickel project on portions of the property where previous air and ground based EM data was limited. GEM Geophysics have been contracted to perform the work, expected to commence shortly. The proposed work is designed to detect massive sulphide accumulations proximal to the Shepherds Discordant Zone (SDZ) and at depth. Given that there are no sedimentary horizons within the area and that all conductors detected and drilled have been mineralized, any bedrock conductor that is detected will be considered highly prospective. The MLEM program will concentrate on areas A-B west of the shear zone, with additional work on areas C and D to follow.

Peter Dickie, President and CEO, said, "We continue to see a very high degree of interest in the upcoming drilling at Canegrass as we work to expand on the great successes of the 2018 program. It's worth noting that, during our prior drill program, we had 100% mineralization hit rate when targeting survey anomalies. For that reason, concurrent with the drilling of our remaining, untested anomalies, we are initiating a new survey that will increase our knowledge of key, additional areas of the property. We have always believed in the long-term prospects for nickel and other battery metals at Canegrass, and our work this year will be instrumental in helping to increase shareholder value."

 The upcoming program will include a planned initial 18 holes (3,160 m) of Reverse Circulation (RC) and Diamond (Core) drilling, which will follow up on 2018 successes and begin to test new, high priority areas The new program is designed to drill untested conductors identified in surface geophysics and to continue assessing the extent of the Ni-Cu (Co) mineralization intersected in the previous campaign, including targeting the off-hole DHEM anomalies.

In addition, the Company is in receipt of the previously reported Heritage study completed by AHA Logic in early January. The study was undertaken to confirm compliance with the Company's knowledge of the property, and to ensure compliance with the Australian Aboriginal Heritage Act 1972. Huntsman's Australian Consultants, Newexco Exploration Pty Ltd., accompanied representatives from AHA Logic as they perform the site visit. Results of the study note that within the exploration work areas the authors did not identify any Aboriginal cultural material sites.