Northern Capital Resources Corporation subsidiary, Golden River Resources Corporation (GORV:OTCBB), has a number for highly prospective exploration projects in the Slave Craton and the Committee Bay Greenstone Belt in Nunavut, Canada.
These areas represent one of the largest underexplored regions in North America, and are considered highly prospective for precious minerals and are subject to exploration and mining activity by leading international mining companies including BHP-Billiton; Newmont; DeBeers and Oz Minerals.
Davenport
Northern Capital is earning a 50% interest into the Davenport Project, which is currently owned by Great Central Resources and located in the Tennant Creek area of the Northern Territory, Australia. This exciting new project has potential to host high grade gold deposits related to magnetite bodies similar to the IOCG deposits already discovered by Westgold Resources Ltd. in this region.
Westgold Resources reported an inferred resource of >1M ounces gold equivalent (gold-copper). Similar host rock types to this style of mineralisation are interpreted to exist at Davenport and are currently being tested.
Ground Magnetics are planned to ground truth the aeromagnetic anomalies defined in areas 1 - 10, and accurately define drill targets (horizontal and vertical extent).
The Company is awaiting results from MMI soil samples to identify mineralisation associated with aeromagnetic anomalies and to prioritise drill testing of magnetic bodies.
Further exploration programs will involve acquisition of existing exploration data, acquisition and interpretation of detailed geophysical surveys, geochemical sampling and RAB drilling.
16 January 2012 Final Results from Acadian's 2011 Fifteen Mile Stream Drill Program > Read more
21 December 2011 Acadian Mining Corp. Joins OTCQX > Read more
15 December 2011 First Drill Results From The Hudson Zone at Acadian's Fifteen Mile Stream Project Return Wide Mineralized Intervals > Read more
5 December 2011 Drill Results From Acadian's Fifteen Mile Stream Project Continue to Expand Size of Mineralized Area > Read more
21 November 2011 Acadian Mining Corporation 3rd Quarter Management Discussion & Analysis > Read more
21 November 2011 Acadian Mining Corporation 3rd Quarter Financial Statement > Read more
21 November 2011 Acadians Regional Till Survey Identifies Several New Gold Anomalies on Prospective FMS Trend in Nova Scotia > Read more
13 October 2011 Acadian's Fifteen Mile Stream Project Continues to Deliver Impressive Results > Read more
19 September 2011 First Drill Results From Acadian's Fifteen Mile Stream Project Return 2.81 g/T over 72.9 Metres > Read more
11 July 2011 Acadian Provides Gold Exploration Update > Read more