Reconnaissance work by New Island Minerals (NLM-A) on its wholly owned Robinson River property in western Newfoundland has identified a new gold and copper zone.
The structure, which measures 4 km long and up to 500 metres wide, contains highly mineralized quartz veins hosted in an intense alteration zone of silica, graphite, arsenic, iron carbonate and sericite. The quartz veins have been individually traced for up to 300 metres in length and 10 metres in width, with samples assaying up to 4.80% copper, 0.2% nickel and 0.1% molybdenum, as well as 2 grams gold and 35 grams silver per tonne.
The zone contains mineralized felsic and mafic dyke rocks, as well iron formation.
The main sulphide mineralization consists of disseminated-to-massive, gold-bearing pyrite and chalcopyrite, and is hosted in the quartz veins and graphitic horizons, as well as throughout the alteration envelope. The mineralized dykes contain a total sulphide content ranging up to 80%.
To date, 16 mineralized veins have been identified. The company plans to conduct a ground geophysical survey in the near future to provide additional information on drill targets. Diamond drilling is planned for January 1997.
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