Also picked this up from the NIS web site....I like this part for sure: "Adding to the gold resource viability is that the gold hosts are environmentally benign, for example there is no mercury or arsenic in the system, also there is very low sulphur and low acidity"
Also noticed that VMS are mentioned..." Volcanogenic Massive Sulphides (zinc-copper lead-silver-gold) at the Rusty Trickle Zone located several kms south of the gold mineralized belt."
This property seems to have it all....a nice pick up for sure...C.G.
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Highlights and Features
Glover Island is a large, 40 x 6 km wide island situated in Grand Lake, the largest inland lake in Newfoundland. Despite being on an island the property is easily accessible by helicopter, fixed wing aircraft and barge. Charter air services originate from Pasadena 25 km north, and a staging area for helicopter slinging of equipment is located on the mainland only 3 km west of the property. A tug and barge is located at Howley on the north shore of Grand Lake and is easily docked on the east side of the island and just north of the property.
This docking site is situated along a well-preserved forestry road, which provides easy vehicle access into the north end of the property, from which there is a tractor road to the gold mineralized belt extending 8 kms south to the mineral resource outlined at the Lunch Pond South Extension Zone. At the barge site, the distance across the lake to the eastern mainland is only 650 metres and therefore is a very short access to the mainland where there is also a well-maintained forestry road, which connects with the TCH.
The eastern side of the island to the barge site is a gentle slope, which on the property rises to a peneplained, flat uplands plateau characterizing most of the property. Heavy equipment (tractor) access and transportation is excellent, availing of roads, tractor trails and the flat topography. The mineralized belt is mainly timber covered and is not a significant drainage or wetlands area with minor streams and only several ponds.
From the Keystone – Jacamar Prospects on the north boundary to the Lunch Pond South Extension Zone there are 16 advanced gold zones, 12 of which are drill confirmed. The main gold horizon is hosted in a felsite sheet zone of varying thickness up to 50-60 metres. The drill results and surface investigations (trenching, e.g.) strongly suggest this is a fairly continuous horizon outcropping below thin overburden throughout the belt which could give rise to a mineralized zone 8 kms in length with an average width of 30 metres.
The felsite zones are fringed to the east by large, up to 11 metre wide quartz veins hosted in a conglomerate which may be part of turbidite sequence. These veins such as the Discovery Vein and Lunch Pond Veins and also veins in the Quartz Pond – Lucky Smoke contain visible gold and frequently yield bonanza grades (up to 356 g/t). The resource potential of the quartz veins has not been tested and is not included in the speculation on potential resources.
Adding to the gold resource viability is that the gold hosts are environmentally benign, for example there is no mercury or arsenic in the system, also there is very low sulphur and low acidity. The potential ore will require simple metallurgy, e.g. there are no associated base metals such as copper and zinc and a column leach test conducted in the 1990’s showed a high gold recovery of 88% after an 8 hour leach.
The Glover Island Property also contains potential for Buchan’s Type (Kuroko), Volcanogenic Massive Sulphides (zinc-copper lead-silver-gold) at the Rusty Trickle Zone located several kms south of the gold mineralized belt. In the ophiolite sequence 1 km west of the felsites there is a prospect containing 2% copper, 0.26% nickel and combined PGE mineralization of 0.46 g/t. Untested soil anomalies in this area contain up to 1.0 g/t PGE.
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C.Gert