Playfair Mining Ltd. (TSX VENTURE:PLY) is pleased to provide an update of the ongoing drill program at its 100% owned copper-silver Project at Seal Lake in Central Labrador. To date 20 holes, totalling 3,430m metres have been completed; analyses have been received for 10 of these holes. A total of 24 widely spaced holes are planned for this winter 2011 drill phase.
Results have been received for the initial tendrillholes. All ten drillholes intersected the favourable reduced Adeline Island Formation rocks with cumulative thicknesses ranging from 40.1 metres in drillhole SL-11-06 to 4.65 metres in drillhole SL-11-08. In addition to the results listed below, the seven remaining drillholes all contain anomalous amounts of copper within the favourable reduced rocks relative to the other sedimentary rocks in the area.
These results provide support to Playfair's exploration theory that the extensive copper-silver mineralization at Seal Lake is syngenetic or diagenetic (that is formed at the same time as the host rocks or shortly afterwards) and not epigenetic (that is formed at a considerably later time than the host rocks). The implication is that the copper silver mineralization occurs throughout the Seal Lake basin and that considerable tonnage can potentially be developed. Potentially economic copper and silver grades were intersected in three of Playfair's drillholes.
Source http://pr-usa.net/index.php?option=com_content&task=view&id=683914&Itemid=29
Results have been received for the initial tendrillholes. All ten drillholes intersected the favourable reduced Adeline Island Formation rocks with cumulative thicknesses ranging from 40.1 metres in drillhole SL-11-06 to 4.65 metres in drillhole SL-11-08. In addition to the results listed below, the seven remaining drillholes all contain anomalous amounts of copper within the favourable reduced rocks relative to the other sedimentary rocks in the area.
These results provide support to Playfair's exploration theory that the extensive copper-silver mineralization at Seal Lake is syngenetic or diagenetic (that is formed at the same time as the host rocks or shortly afterwards) and not epigenetic (that is formed at a considerably later time than the host rocks). The implication is that the copper silver mineralization occurs throughout the Seal Lake basin and that considerable tonnage can potentially be developed. Potentially economic copper and silver grades were intersected in three of Playfair's drillholes.
Source http://pr-usa.net/index.php?option=com_content&task=view&id=683914&Itemid=29
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