Promising results at Virginia’s Labrador Trough Romanet

Exploration of the Romanet project in the Quebec portion of the Labrador Trough has yielded interesting results for owner Virginia Gold Mines (ME).

The property, 190 km north of Schefferville, is next to Virginia’s Sagar-III property which is optioned to Hemlo Gold Mines (TSE). Sagar-III contains 70 mineralized boulders which averaged 68.23 grams gold per tonne and 1.31% uranium.

During the recent program, stratabound copper mineralization in dolomites was traced along a strike length of 1.5 km. This type of mineralization is analogous to that found in the Zambia-Zaire Copperbelt.

Stratabound-type mineralization is exposed at the Seven Inch prospect. In the 1960s, drilling outlined mineralization to a depth of 100 metres and returned values up to 1.48% copper over 20.7 metres. Coincident soil anomalies suggest the zone has possible lateral extensions.

Three uranium-gold showings, which bear many similarities to the Olympic Dam deposit in Australia, are also present.

At the Bacon prospect, samples have yielded values up to 9.4 grams gold, 8.01% copper, 0.73% uranium and 3 grams platinum. Sampling at the GM showing has returned values of 5.3 grams gold and 1.64% uranium. The Eldorado #2 prospect contains both rare earth (1.02% lanthanum and 1.83% cerium) and gold mineralization (4.3 grams).

Another important showing, Jonsmith, yielded values of 2.36% zinc over 14 metres and 30% zinc in grab samples. The mineralized zone is more than 30 metres in thickness and has been followed along strike for 400 metres. The showing is within a strong copper-zinc soil anomaly which extends for more than 10 km.

In addition, a mineralized horizon marked by gold, zinc, uranium and rare earth element soil anomalies has been followed for about 4 km. Virginia is planning follow-up work in 1994.