Sign in Subscribe
Mining industry

Lloyd Tattersall Announces Fifth Exploration Target on Lloyd-Nordik Copper-Gold Property

Strategic Insights

— 1 min read

Lloyd Tattersall, President of the Company, has announced the identification of a fifth exploration target on the Lloyd-Nordik copper-gold property in British Columbia. The Lloyd 4 target is a large magnetic high coincident with a copper-gold soil anomaly, and preliminary trenching indicates that the source of the anomalies is a weakly altered, magnetic monzonite/diorite containing disseminated pyrite, malachite, and chalcopyrite. The Company is currently carrying out a trenching and diamond drilling program on multiple targets, including the Lloyd 2, Lloyd 3, and Nordik Southeast targets, with promising results indicating disseminated pyrite, chalcopyrite, and bornite along the flanks of a monzonite body.

Key Takeaways:

  • The Lloyd 4 target is a significant discovery on the Lloyd-Nordik copper-gold property, with a large magnetic high coincident with a copper-gold soil anomaly.
  • Preliminary trenching suggests that the source of the anomalies is a weakly altered, magnetic monzonite/diorite containing disseminated pyrite, malachite, and chalcopyrite.
  • The Company is currently carrying out a trenching and diamond drilling program on multiple targets, including the Lloyd 2, Lloyd 3, and Nordik Southeast targets.
  • Drilling results indicate disseminated pyrite, chalcopyrite, and bornite along the flanks of a monzonite body that has intruded a northwest trending sequence of mafic volcanic flows cut by subvolcanic diorite/monzonite.
  • The Company is in the process of completing a flow-through private placement and will continue the trenching and drilling program throughout the winter.
  • The results of the current program are pending and will be announced as soon as they are available.

Statistics:

  • 500 meters x 2,500 meters: size of the copper-gold soil anomaly at the Lloyd 3 target
  • 0.392 oz/ton: gold values in diamond drill hole 94-16 at the Lloyd 2 target
  • 469-476 feet: depth of the gold mineralization in diamond drill hole 94-16
  • 7 feet: width of the gold mineralization in diamond drill hole 94-16

Sources:

  • Business Wire, Nov 29, 1995
  • The Company's press release (no title provided)

Read more