Cartaway expands Labrador holdings

An option agreement gives Cartaway Container (VSE) the right to earn a 51% interest in 236 claims in the Cabot Lake area of Labrador.

International Silver Ridge (VSE), owner of the claims, reports that numerous gossanous rock have been observed on the property.

Cartaway is conducting mapping and ground geophysical surveys and, at the same time, is exploring an adjoining group of claims in a joint venture with Freeport Resources (VSE). Two primary magnetic conductors coincident with gossans have been identified on the Freeport property, and surface sampling returned values of up to 0.14% copper, 0.3% nickel and 0.02% cobalt.