A small drill program, designed to test electromagnetic anomalies at the Moosehead property in central Newfoundland, has ended in disappointment for
The partners sank six holes in all, of which the best, MH02-03, returned 2.4 grams gold per tonne over 3.9 metres of mafic dyke. The remaining holes had anomalous or insignificant values only.
Nevertheless, another 4,000 metres are planned, starting in late spring. Drilling last year yielded 170.31 grams over 1.5 metres of veining, suggesting possible strike and downdip projections.
Sudbury Contact, an affiliate of
Meanwhile, Altius has staked an area near Jocko Pond, also in central Newfoundland, after discovering epithermal-style quartz stockworks there. The area is exposed along strike for more than 600 metres and varies in width from 30 to 100 metres.
A second quartz stockwork is exposed 3 km to the east, along the same regional fault giving rise to the first one discovered. Both zones are covered by the 16-sq.-km property and neither has been prospected in detail.
Altius says the mineralization is similar to that found at its Rolling Pond property, 80 km to the northeast.
Altius has also staked 47 sq. km near Burnt Lake. Till surveying by the government indicates that the area is high in gold, silver, barium, arsenic and antimony. The anomalies are spread along a corridor 10 km long.
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