Big Valley Resources Announces Positive Assay Results on Lloyd-Nordik Property

Strategic Insights -

Big Valley Resources has reported positive assay results from ongoing diamond drilling and trenching on its Lloyd-Nordik property in Canada. The company, led by President Lloyd Tattersall, has seen significant copper and gold mineralization in the Lloyd 2 target area, with drill hole 94-12 representing a step-out of approximately 120 meters to the south of the previously known southern extension of the Lloyd 2 mineralization. The mineralized zone remains open to the south, indicating further potential for discovery. Additionally, drill results from the Nordik Southeast target have revealed disseminated sulphides along the flanks of a dioritic intrusion, highlighting the property's potential for copper and gold mineralization.

Key Takeaways:

  • Big Valley Resources has received positive assay results from diamond drilling and trenching on the Lloyd-Nordik property in Canada.
  • The Lloyd 2 target area has shown significant copper and gold mineralization, with drill hole 94-12 stepping out approximately 120 meters to the south of the previously known southern extension.
  • The mineralized zone in the Lloyd 2 target area remains open to the south, indicating further potential for discovery.
  • Drill results from the Nordik Southeast target have revealed disseminated sulphides along the flanks of a dioritic intrusion.
  • Further work is ongoing on both the Lloyd 2 and Nordik Southeast targets as well as other targets on the property.
  • President Lloyd Tattersall and Investor Relations Kelly MacDonald are available for comment.

Statistics:

  • 120 meters: The distance of the step-out of drill hole 94-12 to the south of the previously known southern extension of the Lloyd 2 mineralization.
  • 5 kilometers: The distance between the Lloyd 2 zone and the Nordik Southeast target.
  • 3: The number of diamond drill holes (95-33, 95-34, and 95-34) drilled on the Nordik Southeast target.

Sources:

  • Business Wire, Dec. 14, 1995
  • Big Valley Resources investor relations, 604/243-2337 (Lloyd Tattersall) or 604/922-6998 (Kelly MacDonald)