Vancouver — Some 6.4 km northeast of the Powder Hill showing and only 12 km north of the Lac des les mine,
The new showing, dubbed Stringer, was discovered during a mapping and sampling program that was launched along strike from the Powder Hill prospect.
The first eight samples returned up to 6 grams palladium, 0.9 gram platinum and 0.43 gram gold per tonne.
Hand trenching has exposed the mineralization over a 7-by-7-metre area before it drifts under overburden. The high-grade values are hosted in pyroxenite and hornblende leucogabbro.
New Millennium is earning a 60% stake in the property from fellow junior
Earlier this year, a 1,500-metre drill program was completed by the company. It intersected “reef-style” platinum-palladium-gold mineralization at the Powder Hill showing on the River property.
Targeting an area where grab samples returned up to 1.81 grams combined platinum-palladium-gold per tonne, nine holes cut the stratabound mineralization over a strike length of 600 metres to a vertical depth of 60 metres.
Mineralization consists of finely disseminated chalcopyrite and pyrite hosted in a gabbro unit. This is sandwiched between a gabbro breccia and magnetite-bearing gabbro. Based on geophysics, the stratigraphic target has a length of at least 2.5 km.
Located on the southern margin of the Lac des les ring complex, some 16 km from the Lac des les mine (74.2 million tonnes grading 1.82 grams combined palladium-platinum), the property hosts all or parts of five mafic intrusions belonging to the Lac des les intrusive suite.
New Millennium can acquire a 50% interest in the River property from equal partners
The junior can earn an additional 10% stake by completing a feasibility study.
Be the first to comment on "New zone found at Shelby (September 17, 2001)"