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Gallery
Resources Limited
(GYR:
CDNX) Click to View the current stock price
Gallery Resources Limited (GYR: CDNX) is a Vancouver,
B.C. based Canadian Junior Mining
Company committed to the development of mineral resources. The Company
is exploring 5
important mineral properties in Newfoundland and Labrador, containing
a total of 2343
mineral claims covering 117,150 acres.
The Gullbridge Mine and Katie properties in Newfoundland contain high
grade Volcanogenic Massive
Sulphide (VMS) mineralization. Drilling programs on the Labrador properties
at Okak Bay, Cabot Lake
and Harp Lake have intersected the same type of mineralization as
the rich Voiseyís Bay
nickel-copper-cobalt deposits.
Gallery is one of the most active mining companies in eastern Canada
with a total expenditure
of $6 million dollars since 1994. In 2000, the Company expanded its
exploration efforts into
Newfoundland and the 2 newly acquired VMS properties are both proving
to be significant
acquisitions. Recent drilling at the Gullbridge Property has intersected
high grade, copper
and strong enrichments in zinc, cobalt, lead, silver and gold.
The Katie Property is being prepared for drilling based on the discovery
of very high grade,
zinc-lead-copper-silver-gold surface mineralization. Based on the
early success of the Gullbridge
and Katie exploration programs, Gallery is now focusing its efforts
in the volcanic rocks of Newfoundland,
which are host to other VMS deposits. These deposits have historically
yielded VMS rich mineralization
and, during the past 100 years, have made Newfoundland the most prolific
producer of VMS metals in the
Appalachian Mountain System of eastern North America.
Gallery
Resources Limited
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