HALIFAX, Nova Scotia The hope of finding an iron oxide-copper-gold (IOCG) deposit of the Olympic Dam type, has sent stakers hurrying to the Cobequid-Chedabucto Fault in Nova Scotia. A 50-50 joint venture of WALLBRIDGE MINING and MONSTER COPPER CORP. has staked a large land position in the northern part of the province. The partners have four properties (Bass River, Lansdowne, Copper Lake, and North Ogden, covering a total of 335 km.
Sampling at three of the four properties has turned up promising mineralization. The North Ogden property contains small historic iron workings, several of which supported limited production in the 1800s and early-1900s. They are recognized as high-iron hydrothermal breccias of the IOCG type. Sixty years ago provincial geologists sampled an area with 0.75 g/t Au over 3 m near such breccia. The Lansdowne claims include a former copper producer, where 735 tonnes of ore with grades between 4-15% Cu were mined. The Copper Lake claims cover several historic iron and copper workings, including one that the government tested at 19.9% Cu in a 318-kg sample.
Walbridge is a junior company headquartered in Toronto. Its web site is at www.wallbridgemining.com.