Baie Verte Area Background
The town of Baie Verte is located within the ERM Baie Vista mineral property boundaries. Baie Verte is a historic mining centre with long history of service to the industry. With an excellent array of services, small businesses, and industrial enterprises, Baie Verte has all the modern conveniences. Baie Verte existed as a small community in the late 1800's and early 1900's but with the discovery of asbestos and other ore bodies of copper, lead, zinc and gold in the mid 1950's the town flourished.
Electric transmission lines traverse the property and high voltage 3 phase electrical service exists in the town and at the past producing Advocate / Baie Verte mine near the northern boundary of the claims. Baie Verte is a tide water port making possible economical shipping via ocean going ship transport. A road to tidewater and docking shipping facilities also exists on the property that was constructed for the historic Advocate / Baie Verte mine.Reliable communication systems of telephone and internet access are available from local carriers. Road transportation companies and heavy equipment contractors are available in the area. Temporary accommodations are available at local hotels and motels, while adequate full serviced land can be obtained or leased for construction of camps and/or housing units. Local houses and apartments are also available for rent.
Two modern gold mills exist within 1-2 hours drive from the property. One is owned by Anaconda mining the other by Crew Gold. Potential could exist for custom milling and/or bulk sample testing. The Baie Verte peninsula has numerous active exploration companies that could be amenable to sharing of services. Over 125 occurrences of gold are known to exist in the region along with base metal deposits including copper and nickel metals.
Baie Vista Project
This project consists of 196 claims approximately 4700 hectares of exploration land on the Baie Vista peninsula. The project is targeted for gold and copper. The region is presently active for both commodities with companies such as Anaconda (gold), Rambler (copper), and Marathon PGE (PGE’s), as well as numerous others. The area also was home several historic high grade mines including the Terra Nova and Tilt Cove copper mines.
Baie Vista property - location of claimsHistoric data reveals that at least 7 documented mineral occurrences exist within the Baie Vista property boundaries and numerous others exist within 50 – 1000 meters from the property boundaries. These include gold, copper, chromium and asbestos, minor silver and nickel indications are also documented. Company staff also made a new gold discovery of in late 2008 during a brief field examination. Gold values up to 5.9 g/t (soils) and 6.75 g/t (rock) are reported from past work on the property.
To date EagleRidge has only carried out minimal reconnaissance work at the Biae Vista property; however limited rock sampling did return 6.7 g/t gold found in grab samples. A complete Phase 1 exploration program of mapping, geochemistry and prospecting will be carried out during the summer of 2010. This program will consist of an 8-person field mapping and prospecting crew working for about 20 days.
ERM has added an additional 13 claims in the Micmac lake region on the Baie Verte Peninsula, approximately 40 kilometres to the south of the community of Baie Verte,, Newfoundland. These claims were staked to cover several known gold showing that were discovered and worked on by Noranda in the late 1980’s. The historical gold showings are known as the Crow Hill South and Raven zones. Both showings are spatially associated with the Crow Hill topographic linear. Historical exploration work in the area consisted of sampling, geophysics, trenching and limited diamond drilling.
Mineralization is structurally controlled and hosted in quartz veins with intense alteration of the host rock. Channel samples over the Raven zone returned historic surface channel sample values of 1.88 g/t Au over 4 metres and 2.19 g/t Au over 1 metre from diamond drilling. The Crow Hill South Zone yielded historic assays of 1.03 g/t Au over 12 metres from surface channel sampling and 1.87 g/t Au over 11 metres from diamond drilling. Mineralized float in the area returned historic assay values up to 16 g/t Au.
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