Results Include 515.3 g/t Silver, 28.9 % Lead, 10.5 % Zinc and 0.9 g/t Gold over 28.3 m
Highlight results from initial drilling at the Hilltop target:
- iRH22-25 (lower horizon) – four intercepts:
- 671.0 g/t Ag, 7.7 % Zn & 26.4 % Pb over 0.9 m (19.6 oz/ton silver – 3.0 ft)
- 238.8 g/t Ag, 11.0 % Zn & 9.0 % Pb over 9.4 m (7.0 oz/ton Ag – 31.0 ft)
- 469.5 g/t Ag, 11.8 % Zn & 18.2 % Pb over 2.1 m (13.7 oz/ton Ag – 7.0 ft)
- 1006.0 g/t Ag, 10.9 % Zn, 27.7 % Pb & 1.6 % Cu over 0.9 m (29.4 oz/ton Ag – 3.0 ft)
- iRH22-43 (upper horizon):
- 515.3 g/t Ag, 28.9 % Pb, 10.5 % Zn & 0.9 g/t Au over 28.3 m (15.0 oz/ton Ag – 92.5 ft)
Additionally, two historic holes in the Hilltop target area contain significant intercepts1:
- HC1427 (lower horizon):
- 769.2 g/t Ag, 12.4 % Zn, 13.9 % Pb, 1.0 % Cu over 5.8 m (22.4 oz/ton Ag – 19.0 ft)
- BRH-22 (upper horizon):
- 929.7 g/t Ag & 21.6 % Pb over 4.6 m (27.1 oz/ton Ag – 15.0 ft)
The Hilltop target is one of five conceptual exploration targets drilled in the 2022 program at Ruby Hill and was identified for its potential to host polymetallic (silver-lead-zinc) mineralization. The new zone of mineralization is located approximately 400 metres southwest of the poly-metallic
Mineralization in the Hilltop target consists of polymetallic carbonate replacement (CRD) in the form of massive and semi-massive sulphide mineralization containing high-grade silver (including 515.3 g/t Ag over 28.3 m & 929.7 g/t Ag over 4.6 m) and has been intersected in two areas within the Hilltop target (see Images 1 & 2). Definition and expansion drilling is underway, and the horizon remains open along strike and at depth. Mineralization has been intersected in additional holes 50 metres west of iRH22-43, for which assays remain pending.
The Ruby Hill district has a long history of high-grade polymetallic CRD mining that began in the late 1800's, resulting in production of 1.65
1 | For information on historic district production and QAQC procedures, refer to the NI 43-101 Report on 2021 Ruby Hill Mineral Resource Estimate |
The discovery of the Hilltop zone opens up a greater than 1.5 km corridor between the Archimedes pit and the original Ruby Hill mine that has historically been underexplored due to post-mineral alluvial cover. Importantly, iRH22-43 intersected massive sulfide mineralization immediately below the alluvium at a depth of 146 m. Discovery International Geophysics of
The Company is completing a large-scale surface (+20,000 metre) drill program at Ruby Hill for both deposit delineation and exploration purposes. Definition and expansion drilling is focused on the initial areas planned to be mined including the 426 Zone and the deeper
"At current metal prices, the rock value of the initial drill intercepts in the
It is expected that refractory mineralization from the planned underground operation at Ruby Hill will be trucked to the Company's
The ongoing infill and step-out drill program will aide in the advancement of the Company's plan to develop an underground mine at Ruby Hill, accessed via ramp from the Archimedes open pit. Following the 2022 program, an updated mineral resource estimate is planned for the completion of an economic study. The current program at Ruby Hill is one of several ongoing and anticipated drill programs on i-80 projects in 2022 that are collectively budgeted to comprise more than 50,000 metres.
Table 1 – Highlight Assay Results from
New 2022 Drill Results from Ruby Hill – Estimated true widths unknown | ||||||||||
Drillhole ID | Zone | Type | From | To | Length | Au | Ag | Pb | Zn | Cu |
iRH22-25 | Hilltop Lower | Core | 550.3 | 551.2 | 0.9 | 0.1 | 671.0 | 26.4 | 7.7 | 0.3 |
and | Hilltop Lower | Core | 561.9 | 571.3 | 9.4 | 0.1 | 238.8 | 9.0 | 11.0 | 0.3 |
and | Hilltop Lower | Core | 587.5 | 589.6 | 2.1 | 0.2 | 469.5 | 18.2 | 11.8 | 0.2 |
and | Hilltop Lower | Core | 745.7 | 746.6 | 0.9 | 1.4 | 1006.0 | 27.7 | 10.9 | 1.6 |
iRH22-43 | Hilltop Upper | Core | 145.9 | 174.2 | 28.3 | 0.9 | 515.3 | 28.9 | 10.5 | 0.2 |
UTM | Drillhole ID | East m | North m | Elevation m | Azimuth | Dip |
iRH22-25 | 587338 | 4375328 | 1978 | 045 | -83 | |
iRH22-43 | 587502 | 4375201 | 1994 | 340 | -83 |
The Ruby Hill Property is one of the Company's primary assets and is host to the core processing infrastructure within the
Please click here for further information on abbreviations and conversions referenced in this press release.
2022 drilling samples were submitted to
Tim George, PE, Mine Operations Manager, reviewed the technical and scientific information contained in this press release and is a Qualified Person within the meaning of NI 43-101.
Certain statements in this release constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable securities laws, including but not limited to, the expansion or mineral resources at Ruby Hill and the potential of the Ruby Hill project. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as "may", "would", "could", "will", "intend", "expect", "believe", "plan", "anticipate", "estimate", "scheduled", "forecast", "predict" and other similar terminology, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. These statements reflect the Company's current expectations regarding future events, performance and results and speak only as of the date of this release.
Forward-looking statements and information involve significant risks and uncertainties, should not be read as guarantees of future performance or results and will not necessarily be accurate indicators of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements or information, including, but not limited to: material adverse changes, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts with the company to perform as agreed; social or labour unrest; changes in commodity prices; and the failure of exploration programs or studies to deliver anticipated results or results that would justify and support continued exploration, studies, development or operations.
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