Canadian Mining Journal

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COBALT-NICKEL EXPLORATION: New discovery in Abitibi Greenstone Belt

ONTARIO GOLDEN VALLEY MINES of Val d'Or, Quebec, has made a new cobalt-nickel-silver discovery in the Abitibi Gre...


ONTARIO GOLDEN VALLEY MINES of Val d’Or, Quebec, has made a new cobalt-nickel-silver discovery in the Abitibi Greenstone Belt where it is conducting a grassroots exploration program. Drilling on four previously untested geophysical and geological targets intersected possible extensions or splays of the main Kirkland Lake-Larder Lake Break.

The best hole at the Island 27 prospect returned 4.18% Co, 0.38% Ni and 12.1 g/t Ag over 4.0 metres from 110.0-114.0 metres.

Golden Valley says the mineralized interval is contained within a 15.8-metre-wide fault zone. Cobalt-nickel-silver mineralization is concentrated along an intensely fractured (quartz-carbonate) and brecciated (micro dike injections) section of the fault structure. An abundance of very fine-grained sulphides (arsenides estimated up to 30%) with minor pyrite and traces of chalcopyrite are hosted within the light green host rock. The apparent strike extension of the new zone is defined by a series of intermittent chargeability anomalies and associated resistivity axis, defined over a strike length of some 650 metres on the property.

A map of the prospect is available at http://file.marketwire.com/release/Island27Map21.pdf
or visit www.GoldenValleyMines.com.


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