| Announcement Date: | 2022-03-15 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | (other Code) |
| Company name: | URU Metals Ltd. |
| Project name: | Zebediela |
| Location: | South Africa |
| Commodities: | Gold,Palladium,Platinum,Rhodium,Copper,Nickel |
| Highlight: | Drilling results incl. 0.5m @ 0.39% Ni, 0.13% Cu, 5.68g/t Pt, 0.63g/t Pd, 0.02g/t Rh, 0.04g/t Au from 95.0m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | URU announces that ZEB Nickel Corp. has today announced the completion of the most recent phase of exploration drilling on the Zebediela Nickel Project (“Project”). 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 operator of the Project. The ZBNI announcement is as follows Vancouver, BC, March 15, 2022 – ZEB Nickel Corp. (ZBNI:TSX-V) (OTC:ZBNIF) (“Zeb” or the “Company”) is pleased to announce that the Company has completed Phase 2 of exploration drilling on the Zebediela Project and has successfully intersected Critical Zone lithologies in all drillholes with reported assay results in this recent phase, located beneath the historical 43-101-compliant 1.5 billion-ton sulfide nickel resource which contains approximately 3,955 kt of nickel. A weighted average calculation using a cut-off grade of 0.31% Ni from this phase of drilling has resulted in an increased grade of 76% higher than that declared in the historical resource used in the existing Preliminary Economic Assessment (PEA). |
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