A stepout hole designed to test the eastern extension of the Lloyd 2 zone on Big Valley Resources’ (BV-A) Lloyd-Nordik property in central British Columbia has intersected significant copper-gold mineralization.
Hole 96-59 hit two distict intervals, including 50 ft. grading 0.76% copper and 0.02 oz. gold per ton from 9-59 ft., and 197 ft. grading 1.45% copper and 0.06 oz. gold from 170-334 ft. The Lloyd 2 zone remains open to the east.
The Lloyd-Nordik property is adjacent to Imperial Metal’s Mount Polley gold-copper porphyry deposit, where reserves stand at 90.6 million tons grading 0.01 oz. gold per ton and 0.3% copper. Mine construction is under way at Mount Polley in anticipation of startup in the fall of 1997.
Mineralization at Lloyd-Nordik, consisting of pyrite and chalcopyrite, occurs within fine fractures and disseminations throughout altered monzonite and volcanic rocks. Breccia-style mineralization has been intersected at depth.
Big Valley says it will continue drilling to define the dimensions of Lloyd 2 and add to the geological resource.
Meanwhile, negotiations with major mining companies continue.
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