Business
Freeport announces Inco to recommence work at Notakwanon
Freeport announces Inco to recommence work at Notakwanon.
About this update from Freeport Resources Inc.
[{"type":"text","content":"\n\n\n\n\n>\n\nVANCOUVER, June 16 /CNW/ - FREEPORT RESOURCES INC. is pleased to announce\nthat work by Inco Limited is recommencing at our 100%-owned Notakwanon\nproperty (23 claims, 575 ha) near Garland Lake, Labrador. An airborne gravity\ngradiometry survey will start at Inco's 'Plugger Hill', just to the east of\nFreeport's claim boundary and will work directly westward over Notakwanon.\nPreliminary data is expected shortly.\nStaked in 1995, Freeport's Notakwanon claims are the historical block\nlocated at the heart of Inco's Garland Lake property 30 km southeast of the\nVoisey's Bay deposits. They are the longest standing claims in the area -- the\nkey component of a much larger group of 995 claims subsequently reduced to\nkeep the most promising ground. The subject of much media attention, Inco\ninitially over-staked Notakwanon in September 2000 and again in summer 2005.\nNotably, Inco has assembled a significant land position from the Voisey's Bay\nmine extending well south of Freeport's claims, and has stated it will conduct\nan extensive drill program on their property during 2006.\nInco's new airborne survey is intended to delineate the extent of known\ntroctolitic bodies, the same rock type which hosts the Voisey's Bay deposits.\nIt has the potential to directly detect large shallowly-buried accumulations\nof massive sulphides akin to magmatic nickel-copper-cobalt deposits at\nVoisey's Bay. Ecole Polytechnique in Montreal will assess new results in\ncontext of Inco's geophysical data collected at Notakwanon in 2000, as well as\nthe 1996 airborne magnetic-electromagnetic survey conducted for Freeport.\nBased on information to date, Ecole Polytechnique has already identified two\nkey areas for follow-up, recommending a large loop electro-magnetic (EM)\nsurvey or drill testing to explain the main anomaly, which may reflect a\nsulphide zone with sufficient connectivity to be conductive over large areas\n(see releases dated May 2, September 1 & 23, 2005, and Jan. 19, 2006).\nThe AMT anomaly previously identified by Inco about 440 metres inside\nFreeport's claims coincides with an area where Freeport's 1996-1997 geological\nwork identified a gabbroic intrusion appearing to have steep contacts with\nhost gneisses, possibly representing a portion of a feeder system. Reports\nfiled by Inco with Government of NL indicate the...