New Millennium detects anomalies

Ongoing geophysical surveying in the Lac des les region of northwestern Ontario has identified three induced-polarization anomalies.

New Millennium Metals (PGM-V) is carrying out the surveys as part of its requirements to earn a half-interest in the Lac des les River property, owned by Maple Minerals (YPA-V) and East West Resources (EWR-V). To earn the interest, it must pay $38,500 and spend $1 million on exploration within five years, following which it can acquire another 10% in exchange for completing a positive feasibility study.

One of the chargeability anomalies flanks the Powder Hill showing, from which up to 1.81 grams palladium, 0.33 gram platinum and 0.65 gram gold per tonne, plus 0.3% copper, have been recovered in grab samples of brecciated mafics. The anomaly, which measures 700 metres long by 250 metres wide, lies beneath overburden but displays a profile similar to the one associated with the showing.

To the west, a second anomaly was outlined beneath an area completely barren of outcrop. The anomaly extends for more than 500 metres and is open to the west, beyond the survey grid.

A third anomaly, measuring more than 1 km long and widening to as much as 300 metres, was outlined in the vicinity of outcropping pyroxene gabrro and pyroxenite. Preliminary prospecting in the area had yielded elevated values of palladium and platinum.

Weather permitting, New Millennium will extend the Powder Hill grid and survey an area, known as Stacker, 4 km to the northeast, where large angular boulders yielded up to 2.2 grams combined palladium, platinum and gold. The physical characteristics of the boulders suggest a local origin.

The Lac des les River property covers 180 claims and is 16 km southwest of the Lac des les palladium mine of North American Palladium (PDL-T). Both are believed to be part of the same intrusive complex.