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Uru Metals Ltd - Toronto-based investor and mine project developer - Announces that Zeb Nickel Corp, a Toronto-based mineral deposits explorer, has completed the most recent phase of exploration drilling at the Zebediela nickel project in South Africa. Uru Metals holds a 75% interest in Zeb Nickel and is the technical operator of the Zebediela project.
Uru Metals notes Zeb Nickel's announcement of higher grade nickel sulphide and associated platinum-group element mineralization of up to 1.7% nickel intersected in critical zone and adjacent lithologies during exploration drilling at the Zebediela Project. Continues that a weighted average calculation using a cut-off grade of 0.31% nickel from this phase of drilling results in an increased grade of 76% higher than that declared in the historical resource used in the existing preliminary economic assessment.
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12-month change: up 16%
By Heather Rydings; heatherrydings@alliancenews.com
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