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SOUTH ECHO BAY GOSSAN
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ASX Overview Map |
The Company received the assay results from an additional seven drill holes from the summer/fall drill program at the South Echo Bay gossan ("Echo Bay Program") and from the Mag Hill VTEM anomaly ("Mag Hill Program"). The Echo Bay and Mag Hill drill programs were designed to evaluate the silver, uranium and poly-metallic potential of this newly emerging mineralized region.
The region is situated at the southern end of the southeast arm of Echo Bay and is viewed by the Company as having the potential to host bulk tonnage mineralization. The drill results were successful in intercepting significant silver mineralization beneath a large pyretic gossan. The silver is contained in pyrite, chalcopyrite veins and disseminations within a kilometer scale phyllic and potassic alteration halo.
South Echo Bay IOCG & Silver Discovery |
The alteration zone is peripheral to an extensive zone of intense magnetite-actinolite-apatite alteration that was intersected in all holes drilled in the Mag Hill Program. The South Echo Bay gossan silver-uranium target is located on the Company's property, on the southern end of Echo Bay and 3 km due east of the Contact Lake Silver & Uranium mine.
SOUTH ECHO BAY GOSSAN DRILL SUMMARY (Holes 2, 4, 5, and 6)
DRILL HOLE RESULTS
| Drill Hole |
Interval |
Length (m) |
Copper (Cu) (%) |
Silver (Ag) (g/ton) |
| From (m) |
To (m) |
| CLEBG-06-02 |
66.2 |
69.2 |
3 |
0.02 |
7.65 |
| CLEBG-06-04 |
57 |
94.5 |
37.5 |
0.04 |
20.69 |
|
81 |
93 |
12 |
0.01 |
55.7 |
|
90 |
93 |
3 |
0.02 |
195.7 |
| CLEBG-06-05 |
9 |
22.5 |
13.5 |
0.12 |
11.53 |
|
18 |
19.5 |
1.5 |
0.58 |
51.1 |
|
49.5 |
78 |
28.5 |
0.04 |
10.31 |
|
55.5 |
66 |
10.5 |
0.04 |
17.14 |
|
93 |
99 |
6 |
0.01 |
9.83 |
|
135 |
139.5 |
4.5 |
0.04 |
5.2 |
|
173 |
177.5 |
4.5 |
0.02 |
7 |
| CLEBG-06-06 |
19.5 |
20 |
0.5 |
0.73 |
0.4 |
|
19.5 |
20.5 |
1 |
0.42 |
0.3 |
|
28 |
29.5 |
1.5 |
0.04 |
3.6 |
|
34 |
35.5 |
1.5 |
0.04 |
3.1 |
|
37 |
40 |
3 |
0.35 |
1.75 |
|
47.5 |
180.5 |
133 |
0.02 |
8.78 |
|
90.5 |
99.5 |
9 |
0.02 |
21.32 |
|
90.5 |
104.5 |
13.5 |
0.01 |
17.73 |
|
126.5 |
132.5 |
6 |
0.02 |
22.13 |
|
144.5 |
152 |
7.5 |
0.01 |
20.54 |
|
204.5 |
212 |
7.5 |
0.01 |
4.46 |
|
298 |
300.5 |
2.5 |
0.27 |
0.48 |
No significant interval in drill holes number CLEBG-06-01, CLEBG-06-03, and CLEBG-06-07.
The Company believes that the results of the drill holes from the Echo Bay Program and the drill holes from the Mag Hill Program confirms the extensive nature of hydrothermal alteration and mineralization in the Port Radium-Echo Bay-Contact Lake poly-metallic belt.
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