Some of today’s hottest exploration results in Canada (January 01, 2008)
FLIN FLON GREENSTONE BELT. Flin Flon & Snow Lake, MB HudBay Minerals (100%) www.HudBay.com $36.8 million to be spent, including $15.2 million for grassroots exploration and $10.2 million to advance Lalor Lake property to feasibility.
SOUTH TALLY POND. Grand Falls-Windsor, NL Paragon Minerals www.ParagonMinerals.com(earning 100% from Altius Minerals www.AltiusMinerals.com) Recent assays included 8.1 m @ 21.04% Zn, 4.26% Pb, 0.72% Cu, 76.05 g/t Ag and 0.65 g/t Au.
NANUQ. Wager Bay, NU
DEMOREST. Sudbury Basin, ON
Wallbridge Mining (100%) www.WallbridgeMining.com Grab sample of outcrop assayed 12.10 g/t Au plus Ag, Cu and Pb. There are no primary gold mines near Sudbury.
HERCULES. Beardmore-Geraldton, ON Kodiak Exploration (100%) www.KodiakExp.com Golden Mile zone returned 358.56 g/t Au over 3.6 m, including a 0.3-m section that assayed 3,876 g/t Au.
NOYON-NORTHWAY. Matagami, QC
Agnico-Eagle (70%) www.Agnico-Eagle.com& American Bonanza Gold (30%) www.AmericanBonanza.com This is the eastern extension of Agnico-Eagle’s former Vezza mine. Historic resource includes 866,000 oz Au.
SOUTH MINE COMPLEX. Kirkland Lake, ON Kirkland Lake Gold (100%) www.KLGold.com Visible gold was seen in all recent drill cores, one of which assayed 72.66 g/t Au over 9.1 m.
DOUBLE EAGLE. James Bay Lowlands, QC Noront Resources (100%) www.NorontResources.com Holes have assayed high grades (i.e., 3.43% Cu, 78.45% Ni) over impressive widths.
NUNAVIK. Ungava Peninsula, QC
Canadian Royalties (100%) www.CanadianRoyalties.com New, high-grade nickel zone discovered in October 2007, only 20 km from Xstrata’s Raglan mine.
MARATHON. Marathon, ON
Marathon PGM Corp (100%) www.MarathonPGM.com The measured and indicated resource is 81.4 million t at 0.86 g/t Pd, 0.26 g/t Pt, 0.09 g/t Au plus Cu, Ag and Rh.
FOX. 100 Mile House, BC
Happy Creek Minerals (100%) www.HappyCreekMinerals.com Intersected mineralized zone from surface to 500 m deep and 1,500 m along strike.
MOUNT BENEDICT. Central Mineral Belt, NL Silver Spruce Resources (100%) www.SilverSpruceResources.com Prospecting began in the summer of 2007, and one grab sample assayed 3.0% U3O8.
SHEA CREEK. Athabasca Basin, SK
Known to host three deposits. The first hole in the Anne deposit returned 4.73% U3O8 over 33.7 m including 23.21% U3O8 over 3.6 m.