The discovery of the Voisey’s Bay nickel, copper and cobalt deposit in Labrador has been heralded as one of the most significant discoveries made in Canada in the last 30 years. Last month, Equitas Resources Corp. announced the start of a phase 1 drilling program on its Garland Property, some 30km southeast of the Voisey’s Bay Mine. As per yesterday’s news, 4 of 10 prospective anomalies have already been drill tested and assays are expected shortly.
In the meantime, it may be worthwhile to look back at the initial discovery of Voisey’s Bay some 20 years ago. As Mark Twain said: “History never repeats itself but it often rhymes.”
Yesterday after market close, Equitas provided a drilling update. Approximately 1,515m have been drilled so far with 4 holes completed (379 million per hole on average) at VTEM anomalies D, C, J and Q. A total of 173 core samples have been sent to an independent lab for analysis, with assays to be received shortly. The remaining 6 anomalies will be drill tested in the next weeks.
Read the full article here: Voisey’s Bay nickel, copper and cobalt deposit in quite the discovery