has made several Might want to read to see who has made several discoveries
Vale Exploration Canada is now actively exploring more than 50,000 hectares of exploration lands on the Bonavista Peninsula region of Newfoundland. Read the report check the map, F & P found REE Cashe found REE Katx found REE. 50,000 hectares..... has made several discoveries of Rare Earth Metals on properties immediately adjoining those of F &P.http://www.mineprospector.com/documents/Pike_Property_Report.pdf
Recent Exploration Work
Lloyd Pike and Robert Freeman conducted a short recognisance and prospecting program at the Pike Property during the fall of 2009. The 2009 field work by F&P Prospecting located additional areas of elevated Rare Earth Metals on the mineral claims. This small scale prospecting program, although limited in extent, proved to show the existence of elevated Zr, Nb, Y and other REE’s over a larger area on the property and recorded new showings and geological features of the property.
The 2009 prospecting was intended as a ground proof style of prospecting to gather grass roots field data and to surface sample outcrop rock exhibiting indications of Gossans, weathering or veining. All samples were taken as grabs from surface only without stripping or trenching or other beneficial work. The 2009 work served well to indentify locations requiring more detailed prospecting. To date 10 locations have been indentified that warrant more detailed follow up work. Refer to F&P 2009 assay report and summaries for detailed results.
Also of note is that the 2009 values obtained for PB at the Clode sound showing are higher than those recorded in the published literature and the that best past samples for Zr – Nb - Y recorded in the area are situated in close proximity to this showing. The true significance of this fact (if any) is still unknown; however it does serve well to help guide future prospecting efforts.
Pike Property A Base Metal – REE property for Option
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Numerous copper occurrences lie directly to the north east of the F&P property on adjacent mineral claims. Historic samples from these copper occurrences are significant, some having assayed up to 21.1% Cu, 1194 ppb Au, and 3.02 oz/t Ag in past sampling. The existence of Alkalic gold-rich porphyry copper deposits with high REE are not uncommon and it this case we believe it to be of important value - consideration in both reviewing the potential of the Pike Property mineral claims and in helping to guide future exploration work. .
Based on the results from work to date and historic information, F&P firmly believes that the Pike property could hold excellent potential for discovery of Rare Earth Minerals associated with porphyry style copper deposits and/or rich Pb vein hosted mineralization within felsic volcanic rocks and mafic dykes on the property. The property sits on a suite of subaerial mafic and peralkalic felsic lava and pyroclastic rocks, which is related to (by similar trace-element character) the subvolcanic Louil Hills peralkaline granite (O’Brien et al., 1988; see Figs. 1 & 3).
All F &P assays represent lab work on pure elements only and not oxides. Oxide(s) amounts can be calculated by applying known and accepted formulas.
Bloomfield AG – Pb – Zn – Cu showing
At the Bloomfield claim group there is strong evidence of previous exploration in the Holloway Cove area. Historic records are slim, however what is available does reveal that in circa 1942, two prospectors, W. Davis and H. Gillard, staked claims over the showing and reported the existence of galena and sphalerite bearing quartz veins at the location on which they encountered high levels of lead and silver. This showing is now named the Holloway Cove lead showing. Both Wiseman and Snelgrove (Govt Geological Surveys) visited the showing and reported good assay results from samples taken on the galena and sphalerite bearing quartz veins, in 1942 and 1953 respectively. Historic results as presented in the Wiseman and Snelgrove reports are shown below.
(1) (2) Cu 0.31% Pb 21.54% Pb 3.7% Zn 12.30% Zn 9.99% Au 0.02 oz./ton Au 0.005 oz./ton Ag 18.50 oz./ton Ag 17.14 oz./ton
(1) Snelgrove (1953) (2) Wiseman (1942).
Pike Property A Base Metal – REE property for Option
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Hutchings and Fourde ( 1998 & 2002) reported (in assessment filings) on the area and discussed a Zinc showing located approximately 970 meters southwest of the Holloway Cove PB showing. (off property) Hutchings explains the zinc showing as consisting of semi to massive sphalerite and pyrite in thin calcite veins, hosted by a large (>3 meters wide) fine grained, moderately fractured porphyritic diabase dyke. Previous sampling by Cornerstone on the Zinc occurrence revealed best assay values (BF02-5-2) of 305 ppb Au, 11.3% Zn, and 0.31 oz/t Ag. It does not appear that any of the showings on the Bloomfield claim showings were ever assayed for their REE potential.
F & P believes that the existence of two (high grade type) mineral showings located less than 1000 meters from each other provides strong evidence to support future prospecting and exploration work on the Bloomfield claims. Such exploration work would target both base metals and REE type deposits, with emphasis on locating similar type mineralization on a SW strike of Holloway Cove.
The Newfoundland and Labrador GeoScience Atlas also shows an occurrence of Barium on the Bloomfield claims near the southern most boundaries. It is described as an outcrop of vesicular basalt that contains coarse patches and aggregates of white to pink barite. During the ground proof prospecting of 2009 F&P obtained Barium values exceeding 800 ppm from ground proof sampling near Bunyans cove a distance of over 8 km’s to the Northwest of noted showing. Due to this, it is felt that certain consideration needs to be placed on prospecting this area in more detail. Several indications of other minerals also occur on the Bloomfield claims including garnets and copper that should be further investigated.
The property containing the Bloomfield AG – Pb – Zn – Cu showing was only recently acquired by F&P and has yet to be prospected by us, thus no new results form that showing are presented herein.
Recent Exploration activity in the area - by other companies
It is worthwhile to note that the following exploration activities are ongoing in the region:
Vale Exploration Canada (Formerly Inco) has recently taken a large land position on the Bonavista Peninsula area by way of staking and has also optioned considerable property in the area from Cornerstone Resources. Vale Exploration Canada is now actively exploring more than 50,000 hectares of exploration lands on the Bonavista Peninsula region of Newfoundland. The Vale lands are located near to the Pike property and adjoin certain other mineral claims held by F&P. At the time of writing Vale has mobilized exploration teams to the area.
Pike Property A Base Metal – REE property for Option
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Kat Exploration Inc. an exploration company based in Mount Pearl Newfoundland has made several discoveries of Rare Earth Metals on properties immediately adjoining those of F &P. Kat is also targeting copper and base metals in the area. The president of Kat Exploration is Mr. Ken Stead a seasoned professional with years of experience in exploring for stratiform copper deposits, Gold and Rare Earth Minerals. Mr Stead was one of the founders of Cornerstone resources, a company that conducted the early detailed exploration work in the area.
Cache Exploration Inc recently optioned a 37 claim 925 hectare property to the immediate north and directly adjoining the Pike Property. The company (Cache) optioned the property as part of a larger package of claims that includes the Cross Hills property (63 claims) is located in south-eastern Newfoundland. Cache believes that the prealkaline and prealkaline related volcanic and high level plutonic rocks of the Bull Arm Formation hold excellent potential for discovery of Rare Earths and other minerals. Cache Exploration Inc is a mineral exploration and development Company, headquartered in Vancouver BC is, with a focus on rare earth mineral deposits in Canada.
Additional mineral claims have now been staked to the north of the Cache Exploration Inc acquisitions and Kat Exploration has also added to their land holdings to the south.
These are the types of deposits that were explored for in the past by Cornerstone Resources and are now gaining the main attention of the recent Vale Canada Exploration efforts
Discovering an economically rich concentration of copper in bedded sediments is no easy task and it is often beyond the finances and scope of the normal prospector, we are no exception. We prefer to use our limited budget too look for structures that could be possible sources of early fluid flow or may have resulted in creating the induction forces that could have played a role in depositing copper and other minerals into the sediments.
Considering the attributes indentified to date on our properties, it could be concluded that there exists a good grassroots discovery potential on these claims. Furthermore the world’s second largest mining company (Vale) has shown by their own staking activities, that we are not alone in thinking that the area deserves further exploration work.
