SLAM Exploration has announced that a diamond drill program is being conducted at the Goodwin project, North New Brunswick.
The location of the project is 25 km towards the southwest part of the Nepisiguit deposit, containing copper, lead, silver and zinc, and 5 km towards the southern part of the Halfmile deposit that is now being expanded by Trevali Mining in the productive Bathurst mining camp. The company is expecting to drill three holes, around 500 m. The company has collared the primary hole, GW12-01, to mineralized gabbro, which intersected a 3 m zone with free sulphides from 6.0 to 9.0 m.
The Goodwin project has 120 claims that enclose 2,500 ha in New Brunswick’s Bathurst mining camp. The project contains the Bruce nickel-copper deposit that was identified by Rio Tinto Canadian Exploration (Rio) during 1955. Rio announced a chip sample that grades 0.60% copper and 0.63% nickel over 26.0 ft from a trench that is adjacent to the discovery and drilled 2443 ft, totaling 14 holes. The most important intercept was 0.038% cobalt, 0.36% copper and 1.05% nickel over 9.5 ft of core interval. Assaying of samples was not done for gold, palladium, platinum and silver.
The 2004 MegaTEM aeromagnetic survey of the company has covered the complete Bathurst mining camp and has shown a 900 X 500 m magnetic anomaly that is related with the Bruce deposit. A nickel anomaly has been defined through a 2011 Mobile Metallic Ion geochemical survey. The deposit is related to a layered mafic intrusive body of around 1400 X 1400 m.
Drilling at Goodwin project is reliable with the corporate goal of building assets in the Bathurst mining camp. The company is waiting for the final results from the 70-hole diamond drill program at the Nepisiguit deposit.