Exploration of its land holdings in the Puttuaalu Lake area northwest of Nain, Labrador, has returned sulphides for Ace Developments (VSE).
Twenty-five disseminated and massive sulphide occurrences have been identified adjacent to a northeast-striking fault extending for 3.2 km across the property.
Massive sulphides consist of coarse-grained pyrrhotite, chalcopyrite and pentlandite in norites and olivine-bearing gabbro of the Nain Plutonic Suite.
Ace is applying for drill permits.
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