Rockland Minerals Corp. (TSXV:RL) announced that ongoing compilation of proprietary historical data shows the potential for mineralization expansion at its Chance Lake Ni-Cu-PGM property, located in the Labrador Trough, Québec. On this easternmost trend, historical Ni-Cu tonnage was blocked-out at Chance Lake from the 1950′s to the 1970′s, with drill confirmation of the presence of platinum and palladium in the 1980′s.
As quoted in the press release:
Chance Lake has a non 43-101 historical resource of 550,000 tons of 0.89% Ni and 0.66% Cu. The massive sulfides were drilled in the 1980′s to confirm the presence of Pt-Pd, because the precious metals were not assayed-for earlier. A pair of holes drilled by Rockland Minerals in 2011 at Berry Lake, situated 200 metres apart, cut massive sulfide intercepts of 4.00 metres at 0.20% Cu, 0.62% Ni, 0.10 g/t Pt, 0.21 g/t Pd, and 4.40 metres 0.19% Cu 0.50% Ni 0.10 g/t Pt 0.19 g/t Pd. At Chance and Berry, massive sulfides lie at the base of broad zones of disseminated “net texture” Ni-Cu-PGM sulfides typically ranging from a few metres up to 30 metres in thickness.
There is no guide to gold that is more concise, clear and authoritative.Download our FREE Special Report, Is Gold a Good Investment? Gold Price Forecast 2015.