FAIR USE Doctrine: Educational Purposes Only: --Stripped of Fluff---
International Gold Hunter - Joey Freeze, P.Geo. Candente Resource Corp.
By Ellsworth Dickson Feb 27 2003 www.resourceworldmag.com
Excerpts: BOTWOOD BASIN PORTION:
Newfoundland
"I first became aware of mineral opportunities in Newfoundland from Larry Kornze, a former exploration manager at Barrick and now a Candente director, who told me that the Botwood Basin could have Carlin-style gold mineralization," says Joey. Larry showed her some samples pointing out that, "This could be another Carlin, we have got to be there!"
The Carlin Belt in north-central Nevada hosts vast gold reserves. Since Larry had been involved in the discovery of more than 40 million ounces of gold in the Carlin Belt he was able to recognize the similarity between mineralization at the Botwood Basin and the Carlin Belt.
Joey’s plan was to option properties that had known gold showings. The first one was the Linear property, which returned a high-grade sample grading 54 oz. gold/ton. "The more we looked the more excited we became. By the end of July 2002 we had as much land in Newfoundland as we have in Peru – over a dozen properties. We are currently drilling Island Pond. In 1989 and 1990 Noranda discovered quite few gold showings on the Linear, but never followed it up. Since then, prospectors working for us have found 10 surface showings with visible gold. We are presently trenching on the Linear claim group."
Interestingly, although there are producing and past-producing mines in Newfoundland, there are none in the Botwood Basin, in spite of some surface gold showings.
"We have found that a valuable exploration technique has been to followup lake bottom sediments," explains Joey, "This has been very helpful in finding gold targets. Up in the Virgin Arm area we have received very encouraging gold values where we developed targets by geochemistry. We are sufficiently funded to continue our exploration programs." |
