Springdale Copper-Gold Project in Newfoundland Continues to Provide Encouraging Exploration Results [Yahoo! Finance]
SGS SA ADR (SGSOY)
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Source: Yahoo! Finance
the following exploration update on its Springdale Copper-Gold project in north central Newfoundland. Highlights Newly discovered Teapot Prospect - Quartz veins assay up to 6.65 g/t Au and up to 1.4% copper in separate samples Gold and copper soil geochemical anomalies at Pine Pond and West Brook highlight new exploration targets Teapot Prospect In 2023 the Company discovered a new zone of shear-zone hosted gold bearing quartz veins at the "Teapot" prospect while conducting ground follow up on soil geochemical sampling completed in 2022. Mineralization at Teapot consists of gold in chalcopyrite, galena and sphalerite bearing quartz veins hosted in sheared mafic volcanic rocks. Sheared mafic rocks are traceable for up to 500 metres in discontinuously exposed outcrop. Thirty-three (33) rock samples were collected in the Teapot area. Eight (8) samples assayed greater than 100 parts per billion (ppb) gold with highlights of 6.65 grams per tonne (g/t) Au and 1.3 g/t Au. The sho
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