Wednesday, November 03, 2010 3:32:22 PM
The primary exploration target on the Cabot Property is volcanogenic massive sulfides, which are often associated with stringer/stockwork feeder pipes resembling the Cabot zone. However, potential for significant mineralization also occurs within the stringer/stockwork feeder zone. This is indicated by the assay results obtained in Hole No's CAB-98-07 & 08, which respectively returned 1.90% Cu over 2.78 meters and 1.33% Cu over 3.66 meters.
* Sulphur isotope analysis were conducted on samples collected from the Cabot zone (A1 Sangster - GSC, 1998). The positive isotope values obtained are thought to be related to a content of heavy seawater sulphate mixed with primitive hydrothermal sulphate that is commonly near 0 per mil. The results obtained from the Cabot Zone were found to be similar to some of the sulfide deposits found in the Betts Cove ophiolite complex, located on the eastern portion of the Baie Verte Peninsula.
14 British Canadian Mines Limited & PNL Ventures Limited
The Betts Cove Complex has seen the operation of two copper deposits, the Betts Cove and Tilt Cove Mines which produced 120,000 tons at an estimated grade of 10% Cu (concentrated) and 8.1 million tons averaging 3.0% Cu respectively.
Gold Potential During the fall of 2003 British Canadian Mines Limited embarked on a four hole drill program over the so called Noranda “Marble Cove” quartz/serecite vein. All holes intersected an altered gold bearing zone with best results from hole #2 with 10 grams of gold per ton over one meter. Hole one and two are 83 meters apart and are open at depth and along strike.
Recent KATX News
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 06/20/2024 11:58:38 AM
FEATURED Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM
North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • NBRI • Sep 11, 2024 9:15 AM
One World Products Issues Shareholder Update Letter • OWPC • Sep 11, 2024 7:27 AM
Kona Gold Beverage Inc. Reports $1.225 Million in Revenue and $133,000 Net Profit for the Quarter • KGKG • Sep 10, 2024 1:30 PM
Element79 Gold Corp Announces 2024 Clover Work Plans & Nevada Portfolio Updates • ELMGF • Sep 10, 2024 11:00 AM