Two new claims were staked to cover known copper showings that are interpreted to have potential to host sedimentary-hosted copper mineralization similar to that at Transition’s Janice Lake.
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The project will enable Newmont Goldcorp to continue advancing its vision to create mine 4.0— an interconnected mine of the future.
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The company has received assay results for the final 24 holes of the winter drill program at its West Bear cobalt-nickel property.
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The company has released additional assay results from 145 drill holes completed at the Pine Point zinc-lead camp.
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According to the Vancouver-based miner, there are low exploration and development costs associated with the project.
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Comments come after parent company Barrick Gold proposed to acquire all of the shares it does not already own in the Tanzanian miner.
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Several new holes have cut wide zones of mineralization with intervals of visible gold extending Area 51 by 250 metres to the northwest.
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The current program will follow up on high grade gold-copper-silver results from last year.
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The Goldenville project in Guysborough County is Osprey’s most advanced project and the province’s largest historic gold producer.
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Decision to take a dual listing comes as Canadian investors shun junior miners, preferring the buzz and growth potential of cannabis producers.
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