Here are a few more early LAB NR's. The first one is from Sept.25/95, it seems to be the first release after they figured they had found something up in SVB. LAB was trading around $1.90 at this time:
Mr Stanley Ford reports
Pallaum, Swannell and Labrador have results from a preliminary phase of
exploration in the south Voisey Bay area on the Adalator River 2 claim block
approximately 90km south of the Diamond Field discovery.
A mineralized horizon which has been traced over a strike length of 2.5km has
been identified on the company's properties. This zone is part of a larger regional
trend which has been traced over a strike length of 14km.
A total of 59 grab and chip samples of heavily oxidized material collected from
two exposed gossan zones have returned significant copper, nickel and cobalt
values. Mineralization consists of the fine grained sulphides (ranging up to 10%)
which assay up to 0.25% copper, 0.28% nickel and 0.018% cobalt. These
samples were collected from a series of gently dipping gabbro sills with a
thickness of at least five metres. Outcrop in the region of the Adalator River 2
claim block is limited and the potential for the discovery of additional
mineralization is considered excellent.
According to the project's contract geologist, the occurrence of wide spread
copper-nickel-cobalt mineralization with consistent results indicates that the south
Voisey Bay area has potential to host a Diamond Fields type discovery.
The companies have completed airborne magnetic and EM surveys over the
property but results are not yet available.
Based on the significant results, the companies intend to carry out a major
fall/winter exploration program consisting initially of ground geophysics and rock
sampling to be followed by diamond drilling. The exploration program is expected
to commence in October.
This one is from Oct.3/95 price at $1.30:
Mr Jerry Bradley reports
Labrador International Mining has received further details concerning magnetic
highs, observed mineralization and indicated zones of mineralization in several
areas on the Adlatuk river 2 property from one of the geologists on the property.
The magnetic highs are likely to represent zones of increased pyrrhotite (nickel)
content in the rocks. The occurrence of pyrrhotite (nickel) on this property, (and
at the Voisey Bay discovery), is associated with nickel-copper-cobalt
mineralization.
The strong correlation between the magnetic highs and observed mineralization in
conjunction with the consistent sample results indicating mineralization, are two of
the strongest and most critical markers in the search for a Voisey Bay type
deposit. These are not the only indicators on this property. There are several
striking similarities between the Adlatuk river 2 region and the Voisey Bay deposit
region, including its proximity to the suture zone, similar values for nickel and
copper in the lake sediment sampling, the occurrence of several mineralized
gossans and the 1:1 ratio of nickel to copper as witnessed in the company's grab
and chip samples, all of which mimic the original Voisey Bay deposit indicators.
The company has only reported on the 2.5km portion of the horseshoe shaped
area of observed mineralization indicated in the September 25 1995 news release
in Stockwatch. There are additional areas which seem to initially follow the same
patterns as the above zone of mineralization and which are of great interest to the
company. Further developments concerning these areas will be reported as they
become available.
The exploration program is slated to commence in October. The company has
completed airborne EM surveys over the property. The results of the EM survey,
(indicating zones of high conductivity), will be correlated with magnetic highs and
the rock geochemistry to identify areas for follow-up ground geophysics and
subsequently the confirmation of targets for diamond drilling. The drilling, ground
magnetic and camp permits have all been applied for.
This one is Oct.16/95 price of $1.05:
Mr Jerry Bradley reports
Preliminary results of the airborne EM surveys have confirmed four zones of
potential mineralization on the Adlatok River 2 property.
The first area of intense readings is at the base of a regionally extensive gently
dipping gabbro sill. This mineralization zone has been delineated by a visually
identifiable horseshoe-shaped strike length of 2.5km. Its vertical face has an
exposed thickness of up to six metres. Supporting data of high magnetic readings,
consistent chip sample values in a 1:1 ratio of copper to nickel, and the observed
areas of mineralization, when combined with these EM survey results, indicate that
this area is a high priority target for the fall/winter drill program.
The second area of intense readings has been found on a NW-SE trending zone
which passes through the central part of Adlatok River 2 and is known to be a
continuing zone of mineralization associated with the first area. The EM survey
indicates that this zone is potentially 1.2-2km wide and at least 4km long. This
zone correlates with known gabbro bodies and is coincident with known areas of
mineralization making it a superb target for the fall/winter drill program.
The third area of very strong readings has been found on the western end of the
Adlatok River 2 property. This areas is associated with a strong conductor on an
adjacent property which trends onto the Labrador property. This third area of
mineralization corresponds with consistent chip sample values and high magnetic
readings, making it an excellent target for the fall/winter drill program.
The fourth area is also indicating a significant geophysical anomaly. This area may
host significant mineralization and as further information becomes available, this
area will likely be added to the drill program.
The results of the EM surveys have confirmed for Labrador the wealth of positive
indications that have been previously reported as to the possibility, the potential
and now the strongest of indicators, that the Adlatok River 2 property hosts
widespread areas of mineralization.
Further interpretation of the final data, which may well expand the Ni-Ci-Co
mineralized zones as to length, width and depth hosted on the property, will be
released as available.
The company will be conducting 80 line km ground geophysical surveys over
these areas as previously planned. This will provide further hard evidence as to the
dimensions of the potential Ni-Cu-Co mineralized areas. This work will be
followed by an initial fall/winter drill program of 2,000 metres of diamond drilling.
This one is from Dec 8/95 price of .85:
Adlatok River 2 Property Update
The company is currently awaiting results from drilling being conducted outside the
western border of the Adlatok River 2 property. The zone being drilled is a large
continuous ovoid feature which runs onto the Adlatok River 2 property and is
outlined by a coincidental magnetic and electromagnetic signature. The zone is
rated as excellent and the outlined portion on the Adlatok River 2 property is
approximately 600 metres in width and 300 metres in length.
The company plans to drill their portion of this ovoid feature immediately upon
receipt of positive results from the third party drilling being conducted near the
Adlatok River 2 border.
The company is in the process of selecting a geological and exploration team to
begin ground geophysics and drilling for area 1 of the Adlatok River 2 property to
commence in early January 1996.
This is June 21/96 price of LAB was .72:
Mr Jerry Bradley reports
Adlatok River 2 - South Voisey Bay
Phase I drilling has been completed on the Adlatok River 2 property 90 km south
of the Voisey Bay discovery. Drill results are expected within seven days and the
company has made plans to mobilize the phase II drill program immediately. The
company is the operator and retains a 50% interest in the Adlatok River 2 claims
as part of a 2550 claim package in South Voisey Bay with Pallaum Minerals and
Swannell Minerals each retaining a 25% interest.
I really don't know if any of this means anything, and I know it is quite lengthy, but I hope it helps to see what has already been accomplished up on the Adlatok 2 already. It just seems to me that they must know a bit more than what they are eluding to. Just my opinion though. 1King, I would love to hear your comments on the whole Adlatok program and what you think the potential is with the geological info already known. When you get a chance. Thank in advance!! Anybody else who can add to this would be great also.
(Sorry for the lengthy post!!)
GTR |
