Exploration companies target Detour Lake region

Prospectors Alliance (YRP-V) will explore the Detour Lake area in eastern Ontario for volcanogenic massive sulphide deposits and/or copper-zinc deposits.

The Toronto-based company is in the process of merging with International Larder Minerals (lrdr-c) and two private companies. Once this is complete, it will hold rights to earn up to an 80% interest in the land package by spending $1 million on exploration. Pelangio Mines (PELM-C) and Franco-Nevada Mining (FN-T) will each retain a 10% interest.

Prospectors Alliance considers two blocks to be particularly prospective. Previous work has turned up numerous occurrences of copper-zinc mineralization within altered felsic volcanics. A program of re-logging, assaying and litho-geochemical sampling is already in progress.

Meanwhile, the company, together with its merger partner, continues to explore the Halfmoon Lake property, near Timmins, Ont., where it can earn up a 50% interest from Falconbridge (Fl-T).

The junior recently completed five holes to test a known zone of base metal mineralization. The best hole returned 13.68% zinc over 2.3 metres, while another returned a 0.4-metre interval of 5.9% copper, 103.4 grams silver and minor gold, preceded by 0.7 metre of 17.39% zinc.

The junior says the results indicate potentially high grades within a horizon that is stratigraphically controlled and fairly predictable in its orientation. Work will continue to expand the mineralized horizon along strike.

Pelangio Mines, meanwhile, recently completed 700 metres of drilling in two holes at its Stoughton Staz project, a joint venture with Battle Mountain Gold (BMC-T) in the Harker-Holloway mining camp of eastern Ontario.

The junior can earn up to a half-interest in the project and is acting as operator during the earn-in period. Assay results are expected shortly from holes drilled to evaluate the strike extension of a Battle Mountain drill hole that intersected 8.48 grams gold over 4.7 metres. More drilling is planned.

Pelangio recently sold its Seeley lake property in the Hemlo region of west-central Ontario in order to focus on its more advanced projects.