A drill hole at the Sewell Brook project in north-central New Brunswick hit four zones of base metal mineralization.
Chapleau Resources (CHI-T) is drilling the property in order to earn a 50% interest from NovaGold Resources (NRI-T). It must spend $2 million before May 27, 1999.
The latest hole, SW90-02, hit: 43.8 ft. grading 11.5% zinc, 3.97% lead and 0.44% copper; 3.93 ft. grading 7.94% zinc, 0.67% lead and 0.75% copper; and 16.07 ft. grading 6.46% zinc, 1.62% lead and 0.05% copper. The fourth zone is a copper-enriched structure that returned a weighted average of 1.27% copper over 22.96 ft.
The 247-claim Sewell Brook property overlies a Kuroko (Noranda) type volcanogenic massive sulphide deposit. Mineralization and alteration have been intersected along a strike length of 1,000 ft. and to a depth of 900 ft.
Numerous high-gravity targets on the property have never been drilled.
Last spring, NovaGold expanded its land position by staking 397 additional claims on the continuation of the Sewell Brook volcanic belt to the south.
The set of claims, known as the Knox Mountain property, features geology similar to that encountered at Sewell Brook.
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