13.7% Zn, 0.6% Cu, 17.5 g/t
The final three holes were drilled in the
- 0.2% Zn, 6.3% Pb, 180.0 g/t Ag & 2.2 g/t
Au Over 5.0 m (iRH24-01 – CRD) - 6.2% Zn, 5.6% Pb, 198.0 g/t Ag & 1.0 g/t
Au Over 3.6 m and 13.4% Zn, 2.5% Pb, 93.7 g/t Ag, & 0.6 g/t Au over 5.5 m (iRH24-02 – CRD) - 13.7% Zn, 0.6% Cu, & 17.5 g/t
Ag Over 57.8 m (iRH24-03 – Skarn)- incl. 21.6 % Zn, 1.9 % Cu, & 54.6 g/t
Ag Over 9.5 m
- incl. 21.6 % Zn, 1.9 % Cu, & 54.6 g/t
"Since the initial discovery less than two years ago, we have been successful in identifying multiple high‑grade mineralized zones along the strike of the Hilltop fault structure. These discoveries highlight the geological potential for
The Hilltop Zones were discovered in 2022 while testing an exploration target proximal to the Archimedes pit. At Hilltop, zinc skarn mineralization is located proximal to the Graveyard Flats intrusive and transitions to CRD mineralization westward along the Hilltop fault corridor. Mineralization has now been defined along the Hilltop fault structure over a strike length of approximately 750 metres, and includes the Upper, Lower and East Hilltop Zones (see Figure 1). Definition and step-out drilling suggests significant growth potential with mineralization remaining open for expansion. Highlight 2023 drill results from the Hilltop zones include:
iRH23-54 –
- 8.8% Zn, 18.8% Pb, 332.9 g/t Ag & 0.6 g/t
Au Over 32.0 m
iRH23-10 – East Hilltop Zone CRD:
- 9.7% Zn, 10.0% Pb, 226.1 g/t Ag & 0.5 g/t
Au Over 8.4 m
iRH23-50 – East Hilltop Skarn (2 zones) southmost step-out to-date:
- 9.5% Zn, 0.3% Cu & 12.6 g/t Ag over 114.3 m including
- 17.7% Zn, 0.4% Cu & 10.2 g/t Ag over 36.6 m and
- 12.9% Zn, 0.6% Cu & 48.8 g/t Ag over 15.2 m
- 9.5% Zn, 0.8% Cu & 18.6 g/t Ag over 7.6 m
A single exploration hole (iRH23-55) drilled approximately 150 metres to the south of East Hilltop to test for potential continuation of mineralization along the intrusive contact intersected a broad zone of skarn mineralization with four narrower high-grade zones that include the highest silver grades intersected in skarn so far at Ruby Hill:
- 252.0 g/t Ag & 22.3% Zn over 1.5 m
- 1181.0 g/t Ag, 19.5% Zn, 10.2% Pb & 1.2% Cu over 1.5 m
- 125.0 g/t Ag, 13.7% Zn over 1.5 m
- 159.0 g/t Ag, 11.3% Zn over 5.6% Pb over 1.5 m
The Blackjack deposit consists of high-grade skarn mineralization located immediately below the
iRH23-18A: 19.4% Zn, 19.2 g/t Ag and 0.4 g/t Au over 30.4 m
iRH23-29: 17.8% Zn, 0.8 % Pb, 59.8 g/t Ag & 0.9 g/t Au - 16.4 m
iRH23-41: 10.7% Zn & 37.0 g/t Ag over 47.9 m (skarn) & 15.6% Zn, 8.7% Pb, 420.4 g/t Ag & 0.6 g/t Au over 40.4 m (CRD)
iRH23-42A: 10.1% Zn, 0.6% Pb, 37.0 g/t Ag & 0.3 g/t Au over 116.3 m
The FAD deposit is located approximately 2 km to the south of the Archimedes pit and the multiple polymetallic zones being defined at Ruby Hill. Hole PC23-28 demonstrate the FAD deposit remains open for expansion to the east (see figure 2). FAD is the most gold-rich of the polymetallic mineralized zones at Ruby Hill. Highlight results from i-80 and Paycore drill program include:
PC22-07: 155.0 g/t Ag, 22.0% Zn & 1.5% Pb over 12.5 m
PC22-08A: 7.1 g/t Au, 376.0 g/t Ag, 6.3% Zn & 10.3% Pb over 14.8 m
PC22-10: 8.0 g/t Au, 79.0 g/t Ag, 10.0% Zn & 1.0% Pb over 27.4 m
PC23-22 – infill hole drilled on the western margin of the west FAD lobe (3 zones)
- 5.7 g/t Au, 159.4 g/t Ag, 15.0% Zn & 2.8% Pb over 5.4 m
- 13.7 g/t Au, 430.0 g/t Ag, 15.9% Zn & 7.7% Pb over 2.5 m
- 9.0 g/t Au, 92.4 g/t Ag, 12.2% Zn & 1.0% Pb over 14.6 m
PC23-28 – final hole and furthest hole drilled to the east in the east FAD lobe (6 zones)
- 1.9 g/t Au, 109.7 g/t Ag, 8.9% Zn & 0.2% Pb over 3.2 m
- 33.4 g/t Au, 87.7 g/t Ag, 7.1% Zn & 0.2% Pb over 2.1 m
- 7.6 g/t Au, 42.2 g/t Ag, & 6.3% Zn over 6.0 m
- 11.4 g/t Au, 65.8 g/t Ag, 0.6% Zn, & 0.2% Pb over 2.0 m
- 4.3 g/t Au, 41.3 g/t Ag, 12.0 % Zn & 0.2% Pb over 3.5 m
- 3.9 g/t Au, 185.6 g/t Ag, 11.1% Zn & 3.6% Pb over 25.4 m
The deposits being drilled at Ruby Hill and FAD are situated within the Hilltop Corridor, a +2 km long, alluvial covered, trend immediately south of the Archimedes pit that is largely untested by previous drilling. The Company has recently completed geophysical surveys to cover this corridor and data is being compiled to help guide future exploration.
The
The Company has submitted for approval its plan to develop an underground mine at Ruby Hill with mineralization accessed via a ramp from the Archimedes open pit. Work is also progressing for the completion of initial mineral resource estimates on the polymetallic mineralization followed by initial economic study(s).
Please click here for further information on abbreviations and conversions referenced in this press release.
Table 1 – Highlight New Assay Results from
Drillhole ID | Zone | Type | From (m) | To (m) | Length (m) | Au (g/t) | Ag (g/t) | Cu(%) | Pb (%) | Zn (%) |
iRH24-01 | East Hilltop | Core | 261.4 | 266.4 | 5.0 | 2.2 | 180.0 | 0.1 | 6.3 | 0.2 |
iRH24-02 | East Hilltop | Core | 289.5 | 293.0 | 3.6 | 1.0 | 198.0 | 0.1 | 5.6 | 6.2 |
And | East Hilltop | Core | 391.5 | 396.9 | 5.5 | 0.6 | 93.7 | 0.1 | 2.5 | 13.4 |
iRH24-03 | East Hilltop | Core | 343.7 | 401.4 | 57.8 | 0.1 | 17.5 | 0.6 | - | 13.7 |
* True widths estimated at 75-95%. Numbers may not add due to rounding. |
UTM | Drillhole ID | East m | North m | Elevation m | Azimuth | Dip |
iRH24-01 | 587522 | 4375184 | 1997 | 092 | -72 | |
iRH24-02 | 587636 | 4375089 | 1998 | 067 | -82 | |
iRH24-03 | 587637 | 4375086 | 1995 | 091 | -77 |
All samples were submitted to
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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