Cartaway plans more drilling in Labrador

Drilling on the Peruvian B project, 200 km northwest of Goose Bay, Labrador, has returned disappointing results for partners Cartaway Container (ASE) and Peruvian Gold (VSE).

The former drilled four holes on a wide conductor but intersected no significant values. The property will be re-evaluated in the summer.

In the meantime, a rig is being moved to the Cabot Lake area, where Cartaway will drill-test several properties and conduct follow-up geophysics on others.

Two holes are planned on each of the Cabot North and Ikadlivik Brook properties, where Cartaway is earning a 70% interest from Freeport Resources (VSE).

Two holes will be drilled on the Cabot Lake South property to test two magnetic conductors. Cartaway can earn a 51% interest in the project from Silver Ridge Resources (VSE).

Cartaway is also planning to move a drill to its Cirque property.

Print

Be the first to comment on "Cartaway plans more drilling in Labrador"

Leave a comment

Your email address will not be published.


*


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close