Amblin goes deep at Lyndhurst copper mine

Junior Amblin Resources(AX-A) has begun drilling the first of two 3,000-ft. holes on the Lyndhurst copper mine property, 20 miles north of Noranda’s Horne smelter in northwestern Quebec.

To earn a half interest in the property, Amblin must spend $4 million on exploration and pay the owner, Globex Mining Enterprises (GMX-T), $300,000 in cash and 450,000 Amblin shares over four years.

Ambrex’s first two holes were designed to test two deep-seated geophysical anomalies. Both anomalies are in a sequence of siliceous volcanics that are intensely altered such that they form one of the largest sodium depletion-potassium enrichment anomalies in the Abitibi volcanic belt. Such anomalies are considered pathfinders for the discovery of volcanogenic massive sulphide deposits.

Amblin previously flew a combined airborne electromagnetic and magnetometer survey over the entire property and followed up this work with gravity surveys on specific targets.

After completing the two deep drill holes, Amblin intends to move the drill to the Wood gold mine property on the Cadillac belt (another Globex-Amblin property in northwestern Quebec), where the partners have drilled gold intersections such as 1.99 oz. gold per ton over 5.6 ft. and 0.43 oz. over 5.2 ft.