Business
Royal Roads, Benton Resources & Golden Dory approve 2009 program for long range nickel joint venture, Newfoundland - Drill targets identified
Royal Roads, Benton Resources & Golden Dory approve 2009 program for long range nickel joint vent...
About this update from Marimaca Copper Corp.
[{"type":"text","content":"\nRoyal Roads, Benton Resources & Golden Dory approve 2009 program for long range nickel joint venture, Newfoundland - Drill targets identified\n\n\n Mar. 24, 2009 (Baystreet.ca) -- HALIFAX -- Royal Roads Corp. (RRO-TSX-V) (\"Royal Roads\"), Benton Resources Corp. (BTC-TSX-V) (\"Benton\") and Golden Dory Resources Limited (GDR-TSX-V) (\"Golden Dory\") are pleased to announce approval of a CDN$250,000 2009 Exploration Program and Budget on their 222 km2 Long Range Nickel joint venture in central Newfoundland. The program includes prospecting, ground geophysical surveys and diamond drilling designed to follow-up conductive anomalies identified by airborne geophysical surveys completed by Geotech Ltd. in 2008. Work has commenced with geophysical crews active on the property. The program is expected to extend into Q3-09, with prospecting and geophysical surveys to be complete in July, followed by diamond drilling. Among the targets selected for further work is a 600 metre long VTEM conductive anomaly described by Geotech Ltd. as \"a relatively strong conductor consistent with massive sulphides\". This target has been selected for testing by diamond drilling, and it is anticipated that additional targets will be developed from results of the prospecting and ground geophysical surveys. \nApproximately 30 conductive anomalies have been selected for ground follow-up, including anomalies identified near a recently discovered nickel-copper sulphide showing where prospecting identified gabbro containing disseminated, magmatic-textured, pentlandite, chalcopyrite and pyrrhotite. Assays from the showing yielded anomalous nickel and copper values of up to 0.28% Ni and 0.36% Cu. Based on these results it is postulated that any potential nearby massive sulphide accumulation could host nickel and copper grades comparable to other magmatic nickel sulphide deposits in North America including Vale-Inco's Voisey's Bay mine in Labrador and Kennecott's Eagle deposit in northern Michigan. \nThe joint venture covers a 5 x 20 km gabbroic complex, recently recognized as being prospective for nickel-copper-sulphides. The property is located close to infrastructure including a 15 MW hydroelectric facility 25 km northeast of the claims. Power lines connecting the facility to the provincial grid cross the property. A paved highway also traverses the proper...