Vertebrae Ridge Property
The Vertebrae Ridge Property is comprised of two claims totaling 2,871 ha (7,094 acres) approximately 81 km northwesterly from
Zone 1
- 18 rock samples collected over a 1,400+ metre strike with sample assays of 4.13% Cu, 28.6% Pb, 4.74% Zn, and 360 g/t Ag;
- Exhibits anomalous concentrations of As, Hg and Sb, in addition to Cu, Pb, Zn and Ag;
Zone 2 North
- 13 rock samples collected over a 650+ metre strike returned an arithmetic average of 2.5% Cu and 4.5 g/t Ag, with peak values of 10.7% Cu and 29.1 g/t Ag; and
Vein 160 Showing
- 7 rock samples collected over an approximate 250 metre strike returned an arithmetic average of 10.5% Cu and 14.7 g/t Ag, with peak values of 35.5% Cu and 96.7 g/t Ag.
Zone 1
The Cu-Ag mineralized system, described in a prior news release (
The polymetallic nature of the veins, their extent, and the unique chemistry suggest that closer examination and evaluation are required prior to extrapolating a deposit type. Of the 18 grab rock samples collected, a total of 7 assayed between 1.48 and 4.13% Cu. Sample 148631 contained significant polymetallic mineralization with 2.72% Cu, 28.6% Pb, 4.74% Zn, and 360 g/t Ag. Anomalous As, Hg, and Sb is also noted from a subset of the samples.
Figure 1 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7f095a7f-783a-4500-afbb-1e25c1b6ff53
Zone 2 (North and South)
Mineralization at Zone 2 North was examined over a strike length of approximately 650+ metres with widths approaching 2 metres. A total of 13 rock samples were collected from this location, returning an arithmetic average of 2.5% Cu and 4.5 g/t Ag, with peak values of 10.7% Cu and 29.1 g/t Ag. An additional five samples were collected from Zone 2 South, located on trend but over 1,500 metres further south from Zone 1 North, returned values of up to 0.5% Cu and 2.9 g/t Ag. The extent of mineralization at Zone 2 South is currently unknown, although mineralized outcrops approach 1 metre in width.
Figure 2 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/af7c14a7-dae6-4ac4-902d-e3d6c8b876a0
The Cu-Ag mineralization at Zone 2 appears restricted to a single lithology that is up to 2 metres across. The anomalous Cu-Ag geochemistry and extent of the mineralization suggest the mineralization may represent a sedimentary Cu occurrence or a replacement style deposit.
Vein 160 Showing
Vein 160 showing exhibits a maximum width of 1 metre and was examined over a strike length of approximately 250 metres. Multiple carbonate veins hosting chalcocite and malachite were also observed crisscrossing the showing. A total of 7 samples were collected, with peak assays returned of 35.5% Cu and 96.7g/t Ag with an average of 10.5% Cu and 14.7 g/t Ag. As with Zone 2, the geochemistry of the Vein 160 showing implies a sedimentary copper occurrence or carbonate replacement deposit.
Intrusive Units (Syenite)
Syenite bodies identified in a prior news release (
A total of 65 samples were collected from outcrop and boulders during the fall 2020 prospecting program, with 17 returning assays which show that systems present at the Vertebrae Ridge Property are strongly mineralized (Table 1). The full dimensions, extent, and number of mineralized systems are currently not well constrained or are unknown.
Table 1: Summary of major mineralized samples from the Vertebrae property collected in in 2020. Note that grab samples are selective by nature and values reported are not representative of mineralized zones.
Sample ID | Target | Source | Cu (%) | Ag (g/t) | Ag (oz/t) |
148516 | Syenite | Boulder | 1.1 | 10.5 | 0.34 |
148521 | Vein 160 | Outcrop | 5.7 | 1 | 0.03 |
148522 | Vein 160 | Outcrop | 27.4 | 1.1 | 0.04 |
148563 | Zone 2 North | Outcrop | 1.4 | 0.8 | 0.03 |
148564 | Zone 2 North | Outcrop | 8.3 | 29.1 | 0.93 |
148566 | Zone 2 North | Outcrop | 10.7 | 6.6 | 0.21 |
148569 | Zone 2 North | Outcrop | 5.2 | 3.8 | 0.12 |
148570 | Zone 2 North | Outcrop | 2 | 9.7 | 0.31 |
148572 | Zone 2 North | Outcrop | 2.2 | 0.9 | 0.03 |
148592 | Zone 1 | Outcrop | 1.5 | 3.7 | 0.12 |
148595 | Zone 1 | Outcrop | 1.5 | 3.8 | 0.12 |
148598 | Zone 1 | Outcrop | 4.1 | 3.4 | 0.11 |
148599 | Zone 1 | Boulder | 3.5 | 1.4 | 0.04 |
148600 | Zone 1 | Outcrop | 2 | 0.9 | 0.03 |
148604 | Vein 160 | Outcrop | 4.8 | 0.6 | 0.02 |
148605 | Vein 160 | Outcrop | 35.5 | 96.7 | 3.09 |
148631 | Zone 1 | Outcrop | 2.7 | 360 | 11.52 |
Figure 3 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5f6e2345-f9ae-43da-b9f1-f6b1667daed5
Given the results obtained during the 2020 exploration, the Company looks forward to conducting an aggressive program of both regional exploration and detailed follow-up as soon as conditions permit in the second quarter of 2021.
QA/QC Analytical Procedures
All rock samples and quartz blanks were shipped by ground to
Management cautions that surface rock sample assays, as presented herein, are selective by nature and represent a point location, and therefore may not necessarily be fully representative of the mineralized horizon sampled.
NI 43-101 Disclosure
The technical information in this news release was prepared and/or reviewed by
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Forward Looking Statements
Statements included in this announcement, including statements concerning of the Company’s plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, “forward-looking statements”. Forward-looking statements may be identified by words including “anticipates”, “believes”, “intends”, “estimates”, “expects” and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company’s future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.
Figure 1: Zone 1 - pervasive sulfide mineralized host cut by Cu-oxide-stained veins
Figure 1: Zone 1 - pervasive sulfide mineralized host cut by Cu-oxide-stained veins
Figure 2: Zone 2 Cu-Ag mineralization
Figure 2: Zone 2 Cu-Ag mineralization
Figure 3: Vertebrae property sample locations. An inferred mineralized trend likely exists between the northern and southern extents of Zone 2
Figure 3: Vertebrae property sample locations. An inferred mineralized trend likely exists between the northern and southern extents of Zone 2
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