Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Royal International Venture RIL.V (was Labrador Int'l LAB) -- Ignore unavailable to you. Want to Upgrade?

To: 1king who wrote (1545)	11/20/1998 10:18:00 AM
From: Ed Pakstas	Respond to of 3380

Thank You very much...:-)...ed

To: 1king who wrote (1545)	11/20/1998 11:02:00 PM
From: Abner Hosmer	Read Replies (1) \| Respond to of 3380

Adlatok River 2 has twice previously been drilled. The property was fairly strongly hyped by PLM in 9 news releases over a 6 mo period between May and October of '96. The last news release of '96 concerning the property is reproduced below. After that the property dropped off the map, and no further mention was made of the drilling program: >>Monday Oct 21 1996 See Labrador International Mining Ltd (LAB) News Release Mr Jerry Bradley reports Labrador International and its joint venture partners Pallaum Minerals and Swannell Minerals have started the Adlatok River 2 fall drilling program and two holes have been drilled. These two holes are the first to test the prominent geophysical anomaly identified by the completion of the time domain and electromagnetic surveys. Visual interpretation of the core has not confirmed the reason for the high results from the above conducted surveys, nor has it diminished the potential for massive sulphide mineralization.<< The Aug 5 news release was the most extensive on the geology: >>Pallaum Minerals Ltd - News Release South Voisey Bay phase II program to begin Wed 7 Aug 96 News Release See Labrador International Mining Ltd (LAB) News Release Mr Jerry Bradley reports The results of the company's phase I drill program and a recent comparative study from the Department of Geology at the University of Toronto, have firmly established the Adlatok River 2 property as geologically akin to the Voisey Bay discovery. Phase I drilling has been carried out on a regionally extensive, NW-SE trending olivine gabbro/troctolite sheet. The acute northerly-dipping angles in the troctolite sheet which were observed during drilling, indicate potential pooling sites for massive sulphide ores and in fact hole No. 8, drilled at a 45 degree angle, encountered a zone of basal massive sulphides at the junction of the troctolite sheet and the tasisuyak gneiss. Assay results have also confirmed the presence of a zone or halo of disseminated sulphide mineralization. Diamond Fields has encountered a similar halo both above and in front (south) of its newly discovered western extension, the feeder system for the ovoid and Eastern Deeps deposits. Further drilling on the western extension indicates that the strength of mineralization within the troctolite feeder increased with depth and has a northeasterly plunge. Drilling on the Adlatok River 2 has also discovered the presence of leopard troctolites, now believed to be one of the strongest indicators of massive Ni-Cu-Co mineralization. The company received a petrographic investigation of sulphide mineralized troctolites from South Voisey Bay, which includes the Adlatok River 2 property, by Dr Chusi Li of the University of Toronto. Dr Li has made a comparison of the silicate and sulphide compositions of the leopard troctolite from the Adlatok River 2 property to those of the Diamond Field's western extension leopard troctolites and has deemed them as "similar in the proportions of pyrrhotite, pendlantite and chalcopyrite and in the ratio of Ni to Cu." Dr Li estimates "that a rock containing 20% of these type of sulphides will contain about 0.5% Ni and 1.35% Cu based on the sulphide mineral compositions. The metal grades will increase with sulphide contents in the rocks. A massive sulphide ore will contain about 2.5% Ni and 1.75% Cu." Dr Li's recognition that these rocks are essentially similar to the major rock types of the feeder sheet (the western extension) of the Voisey Bay deposit leads him to suggest that the environments where sulphides are likely to be more concentrated include the sequences stratigraphically below the leopard troctolite, the basal contact embayment or structural traps, and most importantly the reservoirs where this sulphide-bearing troctolite magma have been trapped. The company and its joint venture partners will begin a phase II program which will include the use of UTEM deep geophysical equipment and a drill rig with deep drilling capabilities. Labrador 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.<<