Vancouver — A three-hole drill program targeting the Bumble Bee Bight area on the Robert’s Arm project in Newfoundland has failed to hit any significant widths of massive-sulphide mineralization for partners Altius Minerals (ALS-V) and Inmet Mining (IMN-T).
Hole 1 tested the downdip extension of a previous drill hole intercept that returned 4.4% copper for 4.4 metres. It cut the Upper Panel felsic volcanic rocks and directly into mafic volcanic rocks without encountering the mineralized horizon.
Of interest was a 10-cm massive-sulphide clast in the felsic volcanic breccias of the Upper Panel that returned 31.2% zinc, 4.5% copper, 53.8 grams silver and 0.98 gram gold per tonne.
The hole was originally designed to terminate at a depth of 465 metres. A subsequent down-hole geophysical survey prompted it to be deepened to 487 metres.
Holes 2 and 3 were collared 200 and 400 metres east of hole 1, respectively. They failed to intersect the mineralized felsic volcanics.
The drill remains on-site while the partners evaluate the geophysical and geochemical data from this round of drilling.
The Roberts Arm properties cover portions of six known massive pyrite deposits within a sequence of largely under-explored felsic volcanics in a complexly folded-faulted setting.
Inmet Mining can earn a 55% interest in the project by spending $2 million on exploration and making $120,000 in cash payments.
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