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Saturday, March 16, 2013 8:12:05 PM
http://gis.geosurv.gov.nl.ca/mrinquiry/License.asp?License=011745M
http://gis.geosurv.gov.nl.ca/mrinquiry/License.asp?License=017308M
The Handcamp prospect, located on the Handcamp Property, is a structurally modified volcanogenic massive sulphide deposit in the northern extension of the group of rocks that hosted the Buchans deposits. It is also in the same group of rocks that hosted the past producing Gullbridge Mine about 11 km to the south-southwest of Handcamp. Between 1967 and 1972, about 3 million tonnes of 1.1% copper were produced from Gullbridge. Remaining historic reserves there amount to 1.6 million tonnes grading 1.04% copper. The company is very encouraged by recent results from drilling on the Handcamp property. As reported in a news release on August 25, 2010, encouraging gold mineralization accompanied by elevated zinc and lead was intersected at shallow depth. “Diamond drill hole DDH 004 intersected 6.3 g/t (0.18 oz./ton) gold and 111.6 g/t (3.3 oz./ton) silver over 1.9 m (1.4 m estimated true width) including 10.8 g/t (0.32 oz./ton) gold and 222.4 g/t (6.5 oz./ton) silver over 0.9 m (0.7 m estimated true width) within a wider interval grading 3.1 g/t gold and 42.6 g/t silver over 5.9 m (4.4 m estimated true width) … Diamond drill hole DDH 012 intersected 5.5 g/t (0.16 oz./ton) gold over 1.8 m (1.4 m estimated true width) within a wider interval grading 3.5 g/t gold (0.10 oz./ton) over 3.5m (2.6m estimated true width). Both intersections occur within an even broader mineralized zone defined by elevated gold that includes 1.2 g/t gold over 20.9 m (15.6m estimated true width) in DDH 004 and 1.0 g/t gold over 17.8 m (13.3 m estimated true width).”
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