Drills will soon begin turning on Noranda’s (TSE) York Harbour base metal property in central Newfoundland. Owned 80% by Noranda and 20% by Cumberland Resources (VSE), York Harbour is a former producing mine that has never been tested at depth.
The first hole in the $100,000 program will test the downdip extension of the K-zone, where hole YH91-5 intersected 26.20% zinc, 3.2% lead, 0.31% copper, 582.9 grams silver per tonne and 16.9 grams gold over 0.6 metres. A second hole will test the H zone which is part of the former mine where previous drilling to the 200-metre level defined geological reserves of 180,000 tonnes at 8.25% zinc and 2.68% copper.
Mineralization occurs in pillow lavas in the upper portion of the Bay of Islands ophiolite complex.
Also, Noranda has bought Talisman Energy’s (TSE) (formerly BP Canada) extensive holdings in central Newfoundland, southwest of Grand Falls. They total about 200,000 ha.
Data from the properties are being compiled to delineate potential base metal targets, a Noranda spokesman says.
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