A drilling program this year at its Gerido division in northern Quebec has uncovered two platinum/ palladium and gold bearing massive sulphide, copper-nickel deposits, La Fosse Platinum (TSE) reports.
The deposits have been designated Chrysler North and Chrysler South. Core samples from 25 holes are being assayed. Fourteen of these holes cut the massive sulphide bodies, the company says. Of the remainder, three cut the structure adjacent to massive sulphides, and eight intersected disseminated sulphides.
Two massive sulphide bodies have been traced from surface down dip for a minimum distance of 1,000 ft (the capacity of the drill employed). La Fosse says each of these bodies is 350-400 ft long, with a thickness range of 6-70 ft.
Among the assay results from the massive sulphides were 2.9% copper and 0.8% nickel along 16.3 m from hole 117, and 2.7% copper and 1% nickel along 5.9 m from hole 121. Hole 126 intersected three separate sulphide zones.
Among the precious-metal results:
Core
length Plat. Pall. Gold Hole (m) (g/t) (g/t) (g/t) 117 1.52 0.07 2.02 1.13 121 0.61 0.18 1.06 0.55 126 0.3 2.79 4.76 0.11 128 0.3 0.12 1.36 1.31
La Fosse controls nine other polymetallic and copper-nickel deposits in the Gerido Lake region, which is located 75 km west of Kuujuaq (Fort Chimo) and 70 km from tidewater at Leaf Bay (which, the company says, is open to shipping six or seven months of the year).
Results from 100,000 ft of drilling completed on other company projects during the first half of 1988 are being completed. The company has nine field parties working on 12 active projects, four at the drilling stage. The majority of these activities are located in the Labrador Trough of Quebec.
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