Wednesday, February 10, 2010

Galahad Metals Makes Copper-Rare Earth-Gold Discovery At Kellyn

Canadian precious metals miner Galahad Metals has announced the discovery of a very metal-enriched soil anomaly covering a roughly circular area of at least 75,000m2 on its Kellyn Project as a result of interpretation of summer 2009 field results. The claims are located in Northwestern Ontario, 60km west of Marathon, just off the TransCanada highway and the site of the Hemlo Gold Mines.

The soils are best represented by copper and REEs (rare earths), but there is also a close association of elevated gold with copper. The average copper content in the soils is 430ppm, above average for copper in B-horizon soils. Prospecting did not give any further clues to the source type as there are no outcrops in or around this large soil anomaly. Historical underground mining has taken place on the silver-lead veins in the Adit area.

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