There are some very good surprises turning up at the Ungava property located in Cape Smith, Que., Jean Pierre Cloutier, Falconbridge Ltd.’s manager of exploration for that province, tells The Northern Miner.
This 330-sq-km property is being explored for platinum group metals by Falconbridge and Montreal- listed Oasis Resources.
Oasis has an option to purchase 40% of the property if it carries out $1.75 million worth of exploration by Feb 28, 1988.
This past summer, $875,000 was spent on the property which included an extensive airborne geological survey, explains Mr Cloutier.
There are four mafic sills on the property, he says. One measures 14 km by 200-m; a second measures 10 km by 500-m; a third is 5 km by 600-m and the fourth measures 4 km by 200-m.
Some 4,700 samples were taken, Mr Cloutier explains, adding several samples were taken across the ore zone to get a good idea of what was present.
Some 3,000 samples have been analyzed thus far and have yielded grades of up to 3,600 ppb of platinum or 0.105 oz platinum per ton.
Drill core from the days in the 1970s when Cominco Ltd. was exploring the property for nickel and copper were also resampled, says Mr Cloutier. “We found some interesting values,” he says. One such value was 2.9 g platinum and 5.3 g palladium per ton over 9.5 ft.
Approximately $1.25 million will be spent this year on the property, he says. Plans include a 10,000 to 20,000-ft diamond drill program this summer as well as stripping and trenching.
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