Little River gold and antimonyI have been looking over the Little River gold and antimony project and the more I look the more I am impressed that the potential here is quite large.
If you examine the website maps showing the sampling results todate , you cannot be impressed by the strike length already defined by soil and trench sampling for Both antimony and gold.
Its in the 13-14 km range and whats more impressive is the fact that the antimony vein outcrop dscovered and reported this week was located 11.5 km northeast of the most northeasterly hole drilled in 2009.
More results are pending , but according to one of Mountain Lake's prospectors, who worked for Noranda on the Beaver Brook property when antimony (stibnite) mineralization was discovered in 1989, the vein at Little River is significantly larger than the vein that was initially discovered on the Beaver Brook property approximately 150 km to the north.
That discovery resulted in extensive exploration and development and the Beaver Brook antimony mine being brought into production in 1998. Beaver Brook is one of the largest antimony deposits in the world, the only primary producing antimony mine in Canada or the United States, and the largest outside of China.
Antimony currently sells for nearly $10,000 per ton , so just uncovering a swatch of 100,000 tons would be worth hundreds of millions alone.
Also, and perhaps equally impressive are the gold soil and trench anomaly data at Little River.
Again, a very large and continous strike length of perhaps 14 km or so , with some bonanza gold hits.
It would be surprising if this consistent and extensive gold soil anomaly does not contain signifcant subsurface gold content.
Undoubtedly, they will select this best sites for this fall's drilling program , but its a fair bet that we are going to hit some nice grades and impressive intersects.
Afterall, this area of Nfld is highly faulted which makes it a very good place to find metals..............which has been the case todate.