This was posted by Pawl over at stockhouse:
Pallaum Minerals Ltd.
Tuesday, October 13, 1998
Labrador Ni Syndicate Will Drill Adlatok River 23 Property Shortly
LABRADOR INTERNATIONAL MINING LTD ("LAB-V;LBDRF-L") PALLAUM
MINERALS LTD ("PLM-Y;PLLMF-L") GLOBENET
RESOURCES INC ("GBR-V") - Labrador Ni Syndicate Will Drill Adlatok River 23
Property Shortly
Eugene Larabie, Director of Labrador International Mining Ltd., announces that the
Labrador Nickel Syndicate will drill the Adlatok River 2 Property shortly. Work to date,
including detailed geological mapping, gravity survey and exploratory drilling, has
revealed the presence of a second gabbro sill underlying a significant gravity high. At
present, a targeted PEM survey is being conducted to finalize drill targets. The Adlatok
River 2 property has the potential to host a Voisey's Bay style deposit due to the
following attributes: a favourable geological setting, nickel-copper-cobalt mineralization
on surface, leopard textured troctolite in 1996 drill core, and narrow
massive sulphide intersections in previous drilling. Interpretation of the 1996 drill
program suggests a major fault system through the property extending to the adjacent
suture zone.
The Labrador Nickel Syndicate is comprised of Labrador International Mining Ltd.
(50%), Pallaum Minerals Ltd. (25%), and GlobeNet Minerals Inc. (25%). TEL: (604)
681-7659 Eugene Larabie, Director FAX: (604) 681-2161
Labrador Intl. Mining Ltd. TEL: 1-800-811-2322
All the best,
Margie |
