Results Continue to Underpin Potential for Resource Upgrades and Mine Life Extensions
All four holes reported were drilled within the currently defined orebody, highlighting the continuity of the mineralization, which bodes well for the upcoming resource estimate. Results from additional holes drilled near the outside edge, or outside of the current resource, will also be reported in the coming weeks.
Highlights
- MB-21-246d2 intersected 35.3m of continuous mineralization across three zones grading 1.91% copper equivalent ("CuEq"), including:
- 1.62% Cu, 0.81% Zn, 15.2 g/t Ag and 0.27 g/t Au over 6.9m (SZ)
- 4.23% Cu, 1.62% Zn, 24.6 g/t Ag and 0.74 g/t Au over 2.0m (MS)
- 1.06% Cu, 0.51% Zn, 8.6 g/t Ag and 0.32 g/t Au over 26.0m (CSZ)
- MB-21-243d1 intersected 6.44% CuEq over 2.1m from the MS
- 0.29% Cu, 14.97% Zn, 18.5 g/t Ag and 0.18 g/t Au over 2.1m (MS)
- 1.51% Cu, 0.93% Zn, 18.3 g/t Ag and 0.20 g/t Au over 1.8m (CSZ)
- MB-21-220w1 intersected 3.97% CuEq over 5.5m from the MS
- 0.63% Cu, 8.08% Zn, 11.2 g/t Ag and 0.20 g/t Au over 5.5m (MS)
- 0.95% Cu, 1.25% Zn, 7.9 g/t Ag and 0.21 g/t Au over 1.9m (CSZ)
- MB-21-225d1 intersected 2.47% CuEq over 6.0m from the MS
- 0.48% Cu, 4.37% Zn, 16.0 g/t Ag and 0.23 g/t Au over 6.0m (MS)
- 1.35% Cu, 1.46% Zn, 15.2 g/t Ag and 0.44 g/t Au over 6.8m (CSZ)
Further information
The recently concluded 2021 infill drill program at
The Company expects to release a further five holes from the infill program as results are received from the assay lab and will then follow with results from its ongoing and exciting regional and near-mine expansion program.
The program has generally focused on increasing the density of drilling in the deeper parts of the deposit to convert current inferred resources to the indicated category. All holes have successfully intersected the deposit. Detailed results from these latest holes are provided in Table 1 below.
Table 1: Significant Drill Intercepts from the
Hole | Zone | From | To | Interval | Cu | Zn | Ag | Au | CuEq |
MB-21-220w1 | MS | 922.66 | 928.12 | 5.46 | 0.63 | 8.08 | 11.2 | 0.20 | 3.97 |
Including | MS | 922.66 | 924.70 | 2.04 | 0.15 | 13.78 | 5.7 | 0.15 | 5.59 |
MB-21-220w1 | CSZ | 928.12 | 930.00 | 1.88 | 0.95 | 1.25 | 7.9 | 0.21 | 1.61 |
MB-21-225d1 | MS | 1076.62 | 1082.64 | 6.02 | 0.48 | 4.37 | 16.0 | 0.23 | 2.47 |
Including | MS | 1076.62 | 1078.63 | 2.01 | 0.71 | 9.29 | 21.4 | 0.47 | 4.81 |
MB-21-225d1 | CSZ | 1082.64 | 1089.44 | 6.80 | 1.35 | 1.46 | 15.2 | 0.44 | 2.29 |
Including | CSZ | 1083.60 | 1085.50 | 1.90 | 2.52 | 1.66 | 27.1 | 0.65 | 3.75 |
MB-21-243d1 | Lens3 | 1007.90 | 1011.30 | 3.40 | 0.25 | 11.81 | 17.0 | 0.24 | 5.23 |
MB-21-243d1 | MS | 1025.60 | 1027.70 | 2.10 | 0.29 | 14.97 | 18.5 | 0.18 | 6.44 |
MB-21-243d1 | CSZ | 1027.70 | 1029.50 | 1.80 | 1.51 | 0.93 | 18.3 | 0.20 | 2.13 |
MB-21-246d2 | SZ | 864.50 | 871.40 | 6.90 | 1.62 | 0.81 | 15.2 | 0.27 | 2.22 |
MB-21-246d2 | MS | 871.40 | 873.83 | 2.43 | 4.23 | 1.62 | 24.6 | 0.74 | 5.47 |
MB-21-246d2 | CSZ | 873.83 | 899.85 | 26.02 | 1.06 | 0.51 | 8.6 | 0.32 | 1.50 |
1 True thickness is estimated to be approximately 80-85% of drill indicated. Copper Equivalent (CuEq) values are based on the following metal prices |
Quality Assurance and Quality Control
Drilling was completed using NQ size diamond drill core and core was logged by employees of the Company. During the logging process, mineralized intersections were marked for sampling and given unique sample numbers. Sampled intervals were sawn in half using a diamond blade saw. One half of the sawn core was placed in a plastic bag with the sample tag and sealed, while the second half was returned to the core box for storage on site. Sample assays are being performed by
Figure 1: Drill Plan Map
Figure 2. Copper Stockwork Zone Long Section
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