Gossans containing nickel, copper and cobalt mineralization have been reported by an exploration crew checking an electromagnetic conductor on a property held by Takla Star Resources (ASE) southwest of Nain.
Airborne electromagnetic and magnetic surveys located a conductor about 2.4 km in length. A ground crew found two mineralized gossans near the inferred location of the conductor and grab samples had maximum concentrations of 0.41% nickel, 0.15% copper and 0.07% cobalt.
NDT Ventures (VSE) is performing the work and can earn a 51% interest in Takla Star’s holdings in the Voisey Bay area by spending $2.5 million and issuing 600,000 of its shares to Takla Star.
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