Highlights
World-class Flin Flon-Snow Lake mining region, host to 11 mines including Hudbay Minerals Inc.'s ("HBM") new deposit, theLalor Mine - 41 strong geophysical targets identified, the largest one being 1.5km long
- District scale project with similar geology to the nearby HudBay's Lalor (27.1Mt) and 777 (21.9Mt) mines
The Company will focus the upcoming exploration program on testing the stronger of 41 geophysical targets currently identified on the property. Twenty-two of these targets have been classified by
QMC has previously drilled one of these targets, on the 1,500m long conductor and intersected mineralization at the top of the conductor. Two drill holes (RL 12-5 and RL 11-2) intersected significant visible chalcopyrite mineralization (Figure 1). Drill hole RL 12-5 cut a 10m thick, semi-massive sulphide intersection grading 0.48% Cu (including 0.80% Cu over 1m). Drill hole RL 11-2 was terminated in massive sulphide at a vertical depth of 193 metres. Assays returned grades of 0.26% copper over a 0.3m wide, semi-massive sulphide intersection which contained approximately 20% iron sulphides. Further, deeper drilling may develop a larger zone of additional significant VMS mineralization. The Company postulates that the top conductor intersected by drilling may be the top of the first lens alternating between copper and gold much like the
At the
Characteristically, VMS deposits have a very predictable positioning of the metals, both horizontally and vertically within the deposit. Gold concentrations generally are elevated in the central copper-rich zones. These are typically copper +/- gold rich zones in or adjacent to hydrothermally altered zones that develop within fractures. Generally iron sulphides (pyrite and pyrrhotite) occur with the base metal sulphides.
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