Posted in | Gold | Copper | Molybdenum

Fjordland Exploration and Capstone Mining Plan 2012 Exploration Program for Tak Project

Fjordland Exploration, a mineral exploration company, announced that Capstone Mining has sanctioned a budget for the Phase 4, 2012 exploration program for the Tak Copper-Gold-Molybdenum project, which is situated roughly 50 km east of Williams Lake. The project is a portion of the Tak-Milligan Property Option.

Fjordland is quite optimistic with the results obtained from the reconnaissance drilling program, which was conducted at the Moffat Property and also with the results obtained from other surveys performed in 2011 on other properties, including the Tak package.

The project’s Tak portion includes nine non-contiguous claim blocks such as Moffat East, Moffat, Tisdall, Canim, LaHache, Howard Lake, HR, Hazel North and Hazel South comprising an area of 48,350 ha. So far, under the option contract, Capstone Mining has funded exploration costs amounting to $827,087.09 in three stages of work on the Tak portion. In 2011, the phase 3 costs were approximately $526,790. By spending $1,400,000 in additional exploration in two phases, the company may earn a 60% interest. Likewise, by spending $6,000,000 either on or before December 31, 2016, the company may earn 70% of the property.

During the Phase 4 exploration program, the company will strive to define the regions of resistivity and induced polarization chargeability anomalies on the Moffat property. This will be followed by further drilling. Further induced polarization and soil geochemical surveys will be performed on the Tisdall property and, depending on results, drilling will be carried out.

Induced polarization surveys will be performed on the Hazel South, Hazel North and Canim properties, and soil sampling programs will be expanded on the LaHache and Howard Lake properties. Work is anticipated to begin in April 2012 and majority of it will be concluded by July.

Source: http://www.fjordlandex.com/

Joel Scanlon

Written by

Joel Scanlon

Joel, originally from the UK, emigrated to Australia in 1995 and spent 5 years working in the mining industry as an exploration Geo-technician where he developed skills in GIS Mapping and CAD. Joel also spent a year working underground in a gold/copper mine. Upon moving to the North Coast of NSW, Australia Joel worked as a graphic designer for a leading consultancy firm before starting a successful business providing graphic and web design services to local businesses on the eastern seaboard of Australia. Joel is skilled in project management, web programming, design, animation, database and networking, software and editing. Joel has been with AZoNetwork since its inception in 2000.

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Fjordland Exploration Inc.. (2019, February 18). Fjordland Exploration and Capstone Mining Plan 2012 Exploration Program for Tak Project. AZoMining. Retrieved on September 18, 2019 from https://www.azomining.com/News.aspx?newsID=5938.

  • MLA

    Fjordland Exploration Inc.. "Fjordland Exploration and Capstone Mining Plan 2012 Exploration Program for Tak Project". AZoMining. 18 September 2019. <https://www.azomining.com/News.aspx?newsID=5938>.

  • Chicago

    Fjordland Exploration Inc.. "Fjordland Exploration and Capstone Mining Plan 2012 Exploration Program for Tak Project". AZoMining. https://www.azomining.com/News.aspx?newsID=5938. (accessed September 18, 2019).

  • Harvard

    Fjordland Exploration Inc.. 2019. Fjordland Exploration and Capstone Mining Plan 2012 Exploration Program for Tak Project. AZoMining, viewed 18 September 2019, https://www.azomining.com/News.aspx?newsID=5938.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Submit