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AFR Acquires New Property Near Past Producing Stirling Mine in Nova Scotia
(TheNewswire) TORONTO, Ontario – The Newswire - January 9, 2024: AFR NuVentu...
About this update from Afr Nuventure Resources Inc
[{"type":"text","content":"AFR Acquires New Property Near Past Producing Stirling Mine in Nova Scotia\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n TORONTO, Ontario – The Newswire -\n \n \n January 9, 2024:\n \n \n AFR NuVenture Resources Inc. (“AFR” or the\n\"Company\") [TSXV:AFR]\n \n \n is pleased to\nannounce\n \n \n that it has been granted a Mineral\nExploration Licence through its director and Qualified Person\n(“QP\"), Doug Hunter, to exercise the right to search and\nprospect for all minerals saving and excepting coal, uranium and\ngeothermal resources to extract minerals for test purposes and to\napply for a mineral lease for all or part of the area held under the\nexploration licence, for a period not exceeding 24 months from the\ndate hereof, within that area of ground situated in Richmond County,\nNova Scotia, described as Mary Anns Lake (the “Property”) near the\nhistoric Stirling (Mindamar) Mine in Cape Breton Island, Nova Scotia.\nThe Property comprising 14 claims, each claim being 16 ha for a total\narea of 224 ha (560 acres) captured a blind mineralized zone that had\nbeen discovered more than 30 years ago during a drilling program by a\nprior claim holder. This altered mineralized zone intersected by two\nshort drill holes is up to 80 meters in width and contains very\nanomalously high silver assays for the local area, with associated\ncopper and lead. The geologic setting is remarkably similar to that of\nthe former operating Stirling Mine. AFR has decades of in-house\nexperience in the Stirling Belt and its mineral potential, which lead\nto the recent staking of the property.\n \n \n \n \n The Property lies 1500m southeast of the Stirling mine.\nThe Stirling poly-metallic massive sulphide (VMS) deposit was an\nimportant base and precious metals producer in Nova Scotia. The mine\noperated at different times in the 1930s and the 1950s. It is an\nexample of a volcanogenic deposit setting as the mineralization is\nassociated with felsic volcanism and volcanic-sedimentary rocks,\nincluding an exhalative suite consisting of chert, carbonate and talc,\nalong with tuffaceous mudstone/siltstone.\n \n \n \n \n The deposit consisted of numerous poly-metallic massive\nsulphide lenses, which taken together, amounted to more than one\nmillion tonnes of mined ore grading 6.3% Zn, 1.5% Pb, 0.8% Cu, 74g/t...