Inco to explore massive sulphide near Prince Rupert

A spring work program is being planned by Inco (TSE) to test a polymetallic massive sulphide target on the newly optioned Pitt Island property 40 miles south of Prince Rupert, B.C.

Two junior companies, Atna Resources (VSE) and Fair Resources (VSE) combined their claim holdings in the region, and then entered into an agreement with Inco for the exploration and development of the combined claims.

Each junior retains a 50% interest in the property, with Inco holding the right to earn a 60% joint venture interest by spending $1.2 million on exploration and by making payments of $435,000 by March, 1996. Atna President Peter DeLancey said the target is a massive sulphide deposit similar to Westmin’s H-W deposit near Campbell River, B.C. Previous work on the Pitt Island property is reported to have identified a 9-mile-long belt of volcanic-metasedimentary rocks containing base and precious-metal-rich massive sulphide mineralization.

Although attention was focused on a 1,312-ft.-long massive sulphide unit, preliminary prospecting also returned encouraging values elsewhere along the belt.