A drill program by Noveder (NED-M) has confirmed the presence of a zone of copper and zinc mineralization at the Betts Cove project on Newfoundland’s Baie Verte Peninsula.
The junior has completed seven holes to date in 1997, all of which returned values in copper and, locally, gold and zinc. Grades range from 0.2% to 0.64% copper over 5 metres, and up to 27.2 metres in five of the holes. The best gold value was 3.94 grams per tonne over 3 metres.
While waiting for these assays, Noveder tested two holes with down-hole pulse-electromagnetic geophysical surveys. This work confirmed the presence of two strong, off-hole conductors. Drilling is planned to test these conductors.
The Betts Cove complex hosts two past-producing mines, which together turned out more than 9.2 million tons averaging 2-12% copper, as well as 42,425 oz.
gold.
Noveder has other exploration projects in the region, as well as projects in the Val d’Or mining camp of northwestern Quebec.
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