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GreenBank Capital Inc.
Summary
| Project: | Daniels Harbour | |
|---|---|---|
| Deposit: | Daniels Harbour | |
| Location: | Canada | |
| Commodities: | Zinc | |
| Date: | 12/5/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-12-2017: GreenBank Capital Inc. announces an Exploration/Drilling Update report for its Daniels Harbour deposit at the Daniels Harbour project. Summary of exploration completed on property. The Daniel’s Harbour Property consists of 7 mineral licences (2 | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Elliott M. Stuckless (Not stated) | |
| ABSTRACT: | The Daniel’s Harbour Property consists of 7 mineral licences (22337M, 25085M, 25179M, 25180M, 25497M, 25539M & 25555M) comprised of 108 map-staked claims, covering a total area of 27km2 . The property is located on NTS map sheet 12I/06, approximately 10 kilometers northeast of the small community of Daniel’s Harbour on Newfoundland’s Northern Peninsula. The property lies just off of Route 430N, a paved road which joins the Trans-Canada Highway (TCH – Route 1) at the town of Deer Lake. The Daniel’s Harbour area first came to prominence in 1963 when prospectors were preforming reconnaissance stream geochemistry, looking for lead and zinc deposition in carbonate rocks (i.e. Mississippi Valley-Type deposits). A significant anomaly led two prospectors to the edge of what would become known as Zinc Lake and the “A” zone was discovered. By the mid-1970s Leitch Gold Mines, the primary project operator during that time, had completed a feasibility study on the property and reported an estimated (non- 43-101 compliant) minable ore reserve 4,451,000 tons at an average grade of 8.78% Zn (Billheimer, 1974). Mining began in 1975 with initial production of 1500 tons/day and continued until operations were ceased in the early 1990s; during this period the reported production was 7,225,375 tons at an average grade of 7.93% Zn (Caines, 1990). Mineralization in the Daniels Harbour zinc deposits generally occur as long, narrow bodies trending in a northeast direction, parallel to both the long axes of dolomite breccia piles and to localized normal faults. In the project area, a total of 21 ‘zones’ named alphabetically ‘A’ to ‘W’ have been identified all of which contain sulphide mineralization almost entirely of sphalerite, with local minor quantities of pyrite, marcasite and extremely rare galena. | |
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