GREY:LBEFF - Post by User
Post by
northerngirlon Mar 23, 2008 2:17pm
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Post# 14761393
groves update
groves updatehas anyone checked the groves property on the project list?...we have so much on the go!!!!...the redstone,hart, & mcwatter's starting up soon...exploration to resume at McAra..and of course Groves...and this has the potential to be a good site as well!!!On the website...it states that a recent VTEM survey was recently completed to further define the characteristics of the historical deposit.. and i quote..from that page...
"The Groves project contains an historically reported resource of 500,000 tons (Canadian Mines Handbook, 1957) of 1.5% combined copper (“Cu”) plus nickel (“Ni”) above the 45.7m level in two separate zones, which was not drilled to NI 43-101 standards and should not be relied upon. Within the gabbroic/dioritic core, the southern portion of the two zones is continuous over a 69m strike length with an average historical grade of 0.975% Ni and 1.18% Cu over a 5.85m depth. The northern zone can be traced eastward for 123m at an average grade of 1.56% Ni and 1.46% Cu with a 3m depth, also above the 45.7m level. Both zones are open at depth. Values of 3.41 g/t of platinum and 4.96 g/t iridium have been historically reported over 2.68m. Grab samples up to 4.6 oz Au per ton have also been historically reported on the property. There has been limited historical work on the newly acquired properties.
The VTEM results, in conjunction with initial sampling and mapping, will aid in an exploration program designed to both confirm and expand the historical resource to NI 43-101 standards; and to explore the adjacent favourable geology for similar mineralization. That phase of exploration is tentatively scheduled for the summer of 2008.
This project has excellent potential for additional tonnage as a Ni-Cu deposit, particularly at depth in the historical zone and from exploration success from the indicated VTEM structures. It also has very significant historical reports of platinum group metals and gold, which will be strongly focused in the exploration program"
It's all good as we move forward...