Atlantic Report Seabright ceases work on Caribou

Westfield Minerals (TSE) of Toronto has completed an additional 4,000 ft of diamond drilling on the Little River property in Newfoundland. Westfield and its joint venture partner Anglo-Dominion Gold Exploration (TSE) have intersected gold and silver mineralization in two holes in the 22 West area, including one intersection of 0.12 oz gold per ton and 2.56 oz silver per ton over 5 ft. At Wolf Point, seven holes tested an area immediately west of the known gold mineralization, where the previous best intersection was 0.19 oz over widths of up to 10 ft, and confirmed the continuity of low grade gold valu es — 0.04 over 21.3 ft — within the host sulphide horizon.

Westfield is now considering additional drilling to test the principal gold horizon to greater depth along a strike length of 10 miles, and to evaluate the potential of the Barrasway de Cerf polymetallic (zinc-lead-silver) massive sulphide occurrence located further to the southwest.

Westfield also has mining interests in Chile, Nevada, Manitoba and Ontario.

In Nova Scotia, Seabright Explorations (TSE) of Lower Sackville, a subsidiary of Westminer Canada, recently announced that exploration and underground development at its Caribou gold property in Halifax Cty., had been unsuccessful in outlining mineable bodies of commercial ore and that the company has ceased work on the project. The property will revert to its original claim-holder, Nova Scotia businessman John Logan. A sizeable cash payment was coming due to Logan, which may have prompted Seabrex to drop the property at this time. Seventy of the company’s 240 employees, including miners, supervisors and technical staff, have been laid off at Caribou and Seabrex’s Beaver Dam and Forest Hill projects.

On a more positive note, Seabrex is enthusiastic about both its Moose River and Dufferin properties. The Moose River project began in 1985 and has focused on two areas. This year, a ramp was driven on the Higgins and Lawlor gold mine area, one mile west of Moose River village, to expose a series of high- grade bedding parallel quartz veins encountered in a 60-hole drilling program. The ramp hit an ore shoot that had over 100 sights of gold on the face after a round. A 1,200- tonne bulk sample from the 12b vein indicated that this zone could be mined at a grade of 7.5 g per tonne over a stoping width of 1.2 m.

Seabrex’s main project is the Touquoy zone in Moose River village itself. The Touquoy zone consists of gold-bearing sedimentary rocks where two favorable anticlinal fold structures converge. The wide zone of argillite contains disseminated gold associated with arsenopyrite, pyrrhotite and carbonate alteration. Seabright is trying to define more tonnage in this zone, which already has geological reserves of 1.1 million tonnes at 2.4 g per tonne. Drilling has given the following intersections in two zones: 7.5 g over 12 m; 4.5 g over 33 m; and 6.5 g over 26 m.

The mineralized zones are structurally complex. Gold mineralization does not occur everywhere throughout the argillite and there is both a stratigraphic and structural control. The company is trying to determine the factors that control the mineralization. According to project geologist Bruce Hudgins, the amounts of sulphides and ankerite-calcite alteration increase close to faults. In the Touquoy zone, 90% of the gold is in the 100 mesh size fraction. Most of the gold seems to be in the argillite, but does occur in quartz veins in the zone. By the end of October, a 20,000-tonne sample will have been mined for treatment at a rate of 500 tons per day at Westminer Canada’s Gays River mill.

The gold-bearing zones trend northeasterly and Seabrex has acquired a large block of claims in this direction. Seabrex has also been buying up land in Moose River village.

At the Dufferin property, drilling has intersected three stacked quartz saddle reefs containing appreciable amounts of visible gold. The upper reef is about 10 m below surface and has been traced along strike for 75 m. The best intersection has been 47.33 g over a true width of 1.3 m. The middle reef is 50 m below surface and has been defined over a strike of 225 m. The most notable intersection there was 70.51 g over 3 m. The deepest reef is 75 m below surface and has been cut in one hole, yielding 8.8 g over 0.75 m.

Additional drilling is planned for the upper reef and preliminary feasibility studies are under way to plan for the evaluation of both the upper and middle reefs by open pit and underground development.

Stratabound Minerals (ASE) of Calgary has acquired 14 additional mineral claims adjacent to its Captain property near Bathurst, N.B. These claims contain the CNE (No 2) deposit with stated reserves of nearly 200,000 t ons grading 8.38% zinc, 3.44% lead and 3.48 oz of silver per ton. This acquisition adds significant reserves to the Captain property at a total cost of $50,050, says President Stan Stricker.

Additional assay data has increased gold reserves on the Captain (No 1) deposit to almost 49,000 tons grading 0.05 oz within a partially-drilled copper zone of 197,220 tons grading 2.12% copper. Exploration designed to expand reserves is under way.

NIM Resource — 1988 and Company, Limited Partnership, will provide $125,000 for Stratabound’s 1988 programs in exchange for 250,000 flow-through shares.

Bitech Energy Resources (ASE) of Toronto has made a new discovery in the Betts Cove area on Newfoundland’s Baie Verte Peninsula. Gold nuggets and fine gold flecks were recovered during soil panning in an exploration program following high grade geochemical soil sampling. Follow-up trenching uncovered a gossan zone approximately 23 ft wide. A soil sample assayed 0.44 oz gold and grab samples from a trench across the zone assayed 2.5, 1.29 and 0.12 oz. Channel sampling in the trench returned 0.45 oz over 23 ft. The mineralization consists of disseminated pyrite in a siliceous band associated with sedimentary rocks at the top of a pillow lava sequence.

Bitech says the favorable horizon has an apparent strike length of about 2,000 ft and coincides with geophysical and soil geochemical anomalies. The company believes the discovery is of economic significance and is continuing with trenching, sampling, mapping and geophysics. More diamond drilling is also planned.


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