Wednesday, November 02, 2011 7:16:56 PM
Dennis V. Woods Report on RR:
February 2002
"CONCLUSIONS
The results of the 2001 exploration program were highly successful in identifying coincidental
magnetic, IP/resistivity and soil geochemical anomalies that suggest potential for a body of iron
oxide +/- base, precious and rare earth type mineralization, similar in style and setting to the
giant Olympic Dam deposit in Australia.
Olympic Dam and related deposits all occur within continental rift sequence rocks adjacent to
major structures. The South Princess Property is located within a continental extensional
environment within peralkaline rocks emplaced adjacent to a regional fault system (O’Brien,
1993). The presence of a large magnetic body that appears to be intrusive into the overlying rock
sequences that appear regionally altered, are variably pyritic and contain vein type fluorite
mineralization appears to suggest a magmatic origin for the mineralization.
Recently completed 3D inversion modeling of the airborne magnetic data show a discreet, strong
magnetic anomaly underlying the Ken’s Mountain area. "
http://gis.geosurv.gov.nl.ca/geofilePDFS/ReceivedBatch19/NFLD_2779.pdf
glta
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