Every one keeps referring to the green stuff. Please understand that the malachite is only one of the minerals that were found during surface prospecting. This was taken directly from the technical report which can be found on the website.
“ Based on the mineralization and the known geologic rock types, there appear to be three possible deposit types that could host mineralization within the Property; 1) porphyry copper-gold in sulphide, 2) volcanogenic (Cu-Pb-Zn) massive sulphide, or 3) magmatic nickel-copper sulphide. Copper-gold (Cu-Au) deposits occur within sedimentary rocks when a stock intrudes into the sediments and heats up the ground water.
The presence of chalcopyrite in meta-sediment and malachite staining are excellent indicators for a copper-gold system.”
“The presence of significant copper and gold mineralization within the Labrador Claims suggests that a mineralizing event has occurred that intruded into the meta-sedimentary rocks, or that an intrusive event occurred within the meta-sediments that hosts significant copper and gold. The presence of diorite and gabbro in close proximity to the mineralization suggests that it is possible to have magmatic nickel-copper sulphide present and not only copper and gold mineralization. Therefore, both deposit types are being considered. Although malachite staining in several outcrops has been noted, the most significant assays have come from chalcopyrite”
The property is huge, and it would be foolish speculation at this juncture in the exploration phase to warrant any guess on what it contains. With that being said, my guess is that when all is said and done this property will contain mine able reserves of both copper and gold, and possibly even uranium. This is strictly my educated guess, but I put my money on it, and like the rest of you am waiting for the results.
