- Northstar Gold Corp. (NSG) has shared the base and precious metals results for its surface exploration program at its Milestone Property in Ontario
- It found significant amounts of copper-nickel-cobalt mineralization and anomalous precious metal in assays from numerous surface samples
- The nickel and cobalt concentrations from recent surface sampling were higher than previously reported from the property
- Follow-up surface work is required to fully investigate both the new discoveries
- Northstar Gold Corp. (NSG) is up 5.56 per cent, trading at $0.09 per share as of 12:30 p.m. EST
Northstar Gold (NSG) has shared base and precious metals results for its surface exploration program at its Milestone Property in Ontario.
According to the company, it found significant amounts of copper-nickel-cobalt mineralization and anomalous precious metal in assays from numerous surface samples. The samples contained massive to semi-massive sulphides collected over a 1,000-metre distance,
Northstar Gold also confirmed historic surface assay results in the Diadem and O’Connor zones. A new copper-nickel-cobalt massive sulphide zone has been discovered between them called the Central zone. The O’Conner zone also saw sulphide pods and anomalous precious metals in the area’s footwall.
The nickel and cobalt concentrations from recent surface sampling were higher than previously reported from the property.
Additionally, a 76.7-kilometre line magnetic survey delineated the Diadem and O’Connor zones from near surface to depths of 280 metres and 400 metres. The survey outlined two new anomalies along the meta-gabbro contact, with one anomaly possibly extending the massive sulphide trend another 500 metres along the strike.
3D inversion results of the magnetic data indicated that historic drilling failed to intersect the core of the magnetic anomalies associated with the Diadem and O’Connor zones.
Northstar Gold stated follow-up surface work is required on the Milestone Property to fully investigate both this new discovery as well as the sulphide pods in the footwall of the O’Connor zone.
Northstar Gold Corp. (NSG) is up 5.56 per cent, trading at $0.09 per share as of 12:30 p.m. EST.
