A junior company is gearing up to test a large property west of the past-producing, base metal-silver-bismuth mine at Nigadoo in the Bathurst camp of New Brunswick.
Private company Freegrant Silver views its property, situated in the Freegrant-Nicholas Denys region, as having potential for large replacement lodes containing base metals-silver deposits. The junior also says there are indications that porphyry-type copper-gold-silver deposits may exist on the property.
This spring, the company plans to assess several structural targets near known showings and mineralized float boulders. The company’s geologists believe they have identified the surface manifestations of replacement lodes occupying well-defined transverse faults across Silurian-age metasediments, Devonian age granite and porphyry plutons.
The first phase will involve the surface assessment of anomalous soil dispersion haloes for copper-silver-arsenic-lead-zinc-gold, which drain well-defined fault zones or breaks. Some of these anomalies are coincident with electromagnetic and induced-polarization anomalies. The second phase will consist of drilling into targets identified by the surface work.
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