FCP Updates

The following has been excerpted from the Discussion Of Results and Conclusions And Recommendations sections of the Geophysical Report on A Magnetometer Survey, Four Corners Project, western Newfoundland By Corwin Northcott, B.Sc., P.Geo. for Triple Nine Resources Ltd., Dated March 22, 2010.

The associated map illustrates the Magnetic survey results and target areas identified as being highly prospective for future exploration.

Taken from the “DISCUSSION OF RESULTS”

 

The total magnetic intensity data on the Four Corners Grid shows multiple, extremely magnetic features, ranging in size from tens to hundreds of meters. The areas containing the highest magnetic readings have been grouped into seventeen Target Areas and presented on the Map.  The justification for each Target Area is obvious from the magnetic data and maps: most targets measure over 60,000nT total field strength, and several measure over 70,000nT. The Target Areas are labelled TA-1 through TA-17, and are aligned in an overall northwest-southeast direction, collectively forming an anomalous trend that is at least 2.6km in length. The anomalous magnetics appear to continue beyond the current grid in the southeast and northwest directions; additional data will be required to expose the full scope of the anomalies particularly in the centre, north and southwest portions of the grid where the anomalies likely continue beyond the existing grid.

The Information obtained from the Department of Natural Resources/Geological Survey of Newfoundland and Labrador’s website (http://gis.geosurv.gov.nf.ca/) suggests that the Four Corners grid is located on a larger mafic intrusion with high background magnetics. When compared to typical magnetic fields, a considerable percentage of the Four Corners magnetic data measures above 55,000nT, as seen on the Total Magnetic Intensity Map. It is possible, even likely that magnetite-rich mineralization is present at depth, and it is recommended that data inversion and modeling be carried out to help understand the nature of the ore bodies.

Several of the sharp high amplitude magnetic anomalies are likely the result of high grade magnetite rocks projecting to, or very near the surface. This is likely true for Target areas 3, 6, 8, 9, 10, 11, 12, 13, 15 and 16; the magnetics sharply increase over a very short interval. Although not always the case, the magnetics often increased by several thousand nanotesla’s (over 12.5m station intervals) when approaching these anomalies, indicating that the magnetic mineralization is likely very strong, and sourced near surface.

Taken from “CONCLUSION AND RECOMMENDATIONS”

 

Seventeen Target Areas have been identified on the Four Corners grid, each considered highly prospective for future exploration. The individual Target Areas are aligned in a larger 2.6km northwest-southeast highly anomalous trend.  Many of the Target Areas have characteristics consistent with those in high grade iron deposits.  To better understand where the anomalies continue beyond the current survey area, the grid will require expansion in several key areas. Specifically, it is recommended that all grid lines from 300N to 3500N get extended westward by at least 500m if possible, particularly lines 400N to 2000N. High magnetics likely continue into the centre of the grid area as well, and it may be very beneficial to extend BL400W by 500 meters southward at its current azimuth, and then add more grid lines atop the hill between lines L1400N to L1900N. It may also prove useful to extend as many of the grid lines down to Southwest Brook as possible, particularly between lines L1900N to L3500N.

Similarly, the grid requires expansion towards the north as well; ideally BL400W would get extended by several hundred meters and new grid lines 3600N, 3700N, etc, added. All new grid lines added in the north will need to extend down to Southwest Brook, at minimum, and across it if possible.

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