Its interesting that the Labrador mining property
Post# of 876
Posted On: 09/10/2016 2:44:21 AM
Its interesting that the Labrador mining property receives so much coverage in the new 10k- much of pages 5-12 is devoted to such-last years 10k virtually ignored the labrador claims
also some prospecting and trenching is planned in next 12 months- apparently not due to any govt investment pressure because 10k says claims good to 2020 without investment other than a 50 fee /claim in 2017
from the 10k:
The work completed to date on the Cache River Property has identified an area that could host significant copper and gold mineralization in a previously unexplored area. A program of prospecting, followed by trenching (if warranted) is recommended to field check all remaining IP anomalies prior to outlining additional diamond drill holes. A budget estimate of $30,000 should suffice to complete the recommended prospecting and assaying of samples as well as a limited trenching program if required. This budget would also cover costs associated with the required site visit. Further diamond drilling will be dependent on results of the recommended work program.
Phase 1 Program Proposed Expenditures $CDN
Project Management/Staff Costs 3,500
Geologists/technicians (mapping, prospecting compilation, reporting) 8,000 8,000
Geochemistry - Assaying rock (approx. 100 samples) 3,000
Field Costs (transportation, accommodation, fuel, etc.) 3,500
Trenching 8,500
Subtotal: 26,500
Contingency ~ 15% 3,500
Phase 1 Total 30,000
also some prospecting and trenching is planned in next 12 months- apparently not due to any govt investment pressure because 10k says claims good to 2020 without investment other than a 50 fee /claim in 2017
from the 10k:
The work completed to date on the Cache River Property has identified an area that could host significant copper and gold mineralization in a previously unexplored area. A program of prospecting, followed by trenching (if warranted) is recommended to field check all remaining IP anomalies prior to outlining additional diamond drill holes. A budget estimate of $30,000 should suffice to complete the recommended prospecting and assaying of samples as well as a limited trenching program if required. This budget would also cover costs associated with the required site visit. Further diamond drilling will be dependent on results of the recommended work program.
Phase 1 Program Proposed Expenditures $CDN
Project Management/Staff Costs 3,500
Geologists/technicians (mapping, prospecting compilation, reporting) 8,000 8,000
Geochemistry - Assaying rock (approx. 100 samples) 3,000
Field Costs (transportation, accommodation, fuel, etc.) 3,500
Trenching 8,500
Subtotal: 26,500
Contingency ~ 15% 3,500
Phase 1 Total 30,000
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