Victor (Vic) French, President & COO of Puddle Pond Resources, is pleased to announce the acquisition of the “Handcamp Property” from Newfoundland prospector George Lannon and his associates. The acquisition involved a cash payment and transfer of shares and is not subject to any overriding royalty. The Handcamp Property is located in central Newfoundland, 13km south of the town of South Brook and approximately 1km east of the Trans-Canada Highway (see Map below).
Mineralization on the property is hosted by Lower Ordovician, marine, volcanic and volcaniclastic rock of the Roberts Arm Group, and is inferred to be volcanogenic in origin (Sparkes, 2020). The mineralized zone of the main “Handcamp Prospect” (see Map) consists of a structurally bound, hydrothermally altered, exhalative horizon (i.e., deposited on the ancient sea floor as a result of hydrothermal fluid activity) hosting high concentrations of gold, silver, zinc, lead, and copper. Diamond drilling has traced the gold-silver-mineralized sequence along strike for 1.2 km and to a depth of 150 m. The mineralized zone remains open, both along strike and at depth. Highlights from prospecting and diamond drilling include:
- Surface rock (grab) samples with gold values ranging up to 74 g/t Au and silver values up to 587 g/t Ag (Hudson & Swinden, 1989); and
- Surface rock (grab) samples with gold values up to 82 g/t Au, 94 g/t Au, and 158 g/t Au (Pickett, 2011).
- 6.3 g/t Au and 111.6 g/t Ag over 1.9 metres, including 10.8 g/t Au and 222.4 g/t Ag over 0.9 metres within a wider interval grading 3.1 g/t Au and 42.6 g/t Ag over 5.9 metres (DDH 004) (Pickett, 2011); and
- 5.5 g/t Au over 1.8 metres within a wider interval grading 3.5 g/t Au over 3.5 metres (DDH 012).
In addition to the gold- and silver-enriched “Handcamp Prospect”, the property hosts several other significant base- and precious metal occurrences (see Map).
With this acquisition, Puddle Pond Resources’ contiguous land holdings in the South Brook area now cover more than 15 kilometres of strike length of highly prospective Roberts Arm Group volcanic and volcano-sedimentary rocks in a region with excellent access and infrastructure.
Sparkes, G.W., Current Research (2020), Newfoundland & Labrador Dept. of Natural Resources Geological Survey.
Hudson, K.A., & Swinden, H.S. (1989), Geological Survey of Canada Paper 89-1B.
Pickett, J.W. (2011), Newfoundland & Labrador Dept. of Natural Resources, Assessment Report 012H/08/2157.
Map of the “Handcamp Property” showing the location of the gold- and silver-mineralized “Handcamp Prospect” together with a series of other base- and precious-mineralized occurrences found on the property.