The first hole of an exploratory drilling campaign has intersected two mineralized zones on the Boundary Block claims, 75 km northwest of the Voisey Bay discovery.
The Boundary Block is one of four groups of claims in which Dragoon Resources (VSE) and Consolidated Brenzac Development (VSE) can each earn a 25% interest from owner Dentonia Resources (VSE) by separately incurring exploration expenditures of $1.5 million each.
Hole B2-95-1 was drilled on ground conductor F to a depth of 310 ft. and intersected 65 ft. of massive-to-semi-massive and disseminated sulphides from 125 to 190 ft., as well as 35 ft. of a second zone of mineralization from 210 to 245 ft.
Preliminary field reports describe the sulphide mineralization as consisting of mainly pyrrhotite with some chalcopyrite and pyrite. The hole is being split and sent for assaying.
A second hole, B2-95-2, was spotted to intersect conductor E, parallel to, and 160 ft. west of, conductor F. The hole intersected four separate sulphide zones consisting of stringer-to-disseminated pyrrhotite, with some pyrite and chalcopyrite. The mineralized intervals include: 6 ft. from 32 to 38 ft.; 8 ft. from 72 to 80 ft.; 14 ft. from 149 to 163 ft.; and 32 ft. from 222 to 254 ft.
The drill program is testing an airborne electromagnetic anomaly, B2, which comprises nine ground conductors, identified as A through I. The conductors are parallel to sub-parallel and extend over an area measuring 1,600 by 650 ft. A third hole is targeting conductors C and D, which lie 75 to 100 ft. west of conductor E.
Anomaly B2 is one of 13 airborne anomalies defined over a 0.9-by-1.2-mile area and underlain by anorthosites and gneisses.
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