Valley Mines Ltd. reported on exploration activities for the Company’s Abitibi Greenstone Belt (AGB) “Grassroots Exploration Project” and Joint Ventures. The Island 27 Prospect (northeastern Ontario) intersected 4.18% Co, 0.38% Ni and 12.1 g/t Ag over 4.0 from 110.0-114.0 m in hole GIS-08-04.
Golden Valley Mines announced that at the Ducros Prospect in Quebec, Canada, in 2008, hole GCF-08-07 intersected a zone of disseminated to net-textured pyrrhotite and chalcopyrite mineralization. This mineralized zone graded 0.213 g/t Pt, 0.237 g/t Pd (combined 0.451g/t Pt-Pd), 0.4142% Cu and 0.3540% Ni (combined 0.7682% Cu-Ni) over 23.20 m from 2.0-25.2.