Mining magnate Robert Friedland is looking to make another potentially massive base metals discovery about 80 kilometres south of his famous Voisey’s Bay find from 1993.
Friedland’s privately held US-based firm Ivanhoe Electric Inc. (IVNE) has put up funding to conduct a low-temperature superconducting quantum interference device (SQUID) moving loop transient electromagnetic survey on the South Voisey’s Bay (SVB) nickel-copper-cobalt project in Labrador, Canada.
The survey is being conducted by Discovery International Geophysics, headquartered in Saskatoon, Saskatchewan. “Very low-frequency SQUID surveys are a relatively new tool being used in the hunt for highly conductive massive sulphide nickel deposits,” said Fjordland CEO James Tuer in a media release Wednesday.
The technology has been successfully applied in finding and expanding nickel deposits in Western Australia. In Canada, during the year, BHP-Midland and Wyloo Metals-Orford have also announced SQUID surveys on their nickel projects in northern Quebec.
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