NEWFOUNDLAND – It was the best of holes, says Canada Fluorspar (CFI) of St. John's. Hole GS-13-42 drilled in the AGS vein (formerly Grebes Nest) cored five separate intersections down dip. Assays from the hole (top to bottom) include 39.22% CaF2 over 2.35 metres, 77.90% over 3.31 metres; 26.79% over 3.00 metres, 39.90% over 9.42 metres, and 42.91% over 5.80 metres.
The AGS vein is situated 4 km from the former Tarefare mine and less than 6 km from the former Blue Beach North mine.
CFI has made a preliminary interpretation of the drill results indicating that the western part of the AGS vein structure has a relatively uniform width along strike and pinches slightly down depth to a vertical distance of 140 to 200 metres below surface.
Canada Fluorspar hopes to resume mining in the area of the St. Lawrence Harbour. The property has an existing mill, but a new, environmentally sound tailings management facility must be built. The restarted project could produce between 120,000 and 180,000 t/y of fluorspar acidspar concentrate.
A complete table of the phase three drill program at the AGS vein property is available at CanadaFluorspar.com in the Nov. 13, 2013, news release.