The definition drilling of these potential new open-pit mill feed zones is a key goal of the Company's strategy of filling over 3,000 tonnes per day ('tpd') of excess capacity at the ESM mill in an effort to dramatically increase production and lower costs.
Highlights
Discovery of Turnpike zone, located within easy transport distance approximately one mile to the south of the ESM milling complex, with Hole SX19-2483 returning 80.0 feet assaying 5.8% zinc, 2.8% lead and 28.2 g/t silver, including 15.0 feet assaying 17.1% zinc, 7.8% lead and 79 g/t silver.
The Hoist House zone is located approximately one mile south of the ESM mill, drill results include hole SX19-2484 returning 20.0 feet assaying 7.3% zinc, 0.9% lead and 11.7 g/t silver, and 31.0 feet assaying 4.2% zinc, 0.5% lead and 10.3 g/t silver.
Together with the near surface extension of the #2D, these zones represent potential sources of low cost open-pit mining feed within mining claims, which could allow for near-term development.
Key mineralized intervals from the Turnpike zone include: 80.0 feet assaying 5.8% zinc, 2.8% lead and 28.2 g/t silver o Including 15.0 feet assaying 17.1% zinc, 7.8% lead and 79 g/t silver 207.0 feet assaying 3.1% zinc, 1.1% lead and 10.4 g/t silver o Including 101.0 feet assaying 5.4% zinc, 2.1% lead and 18.1 g/t silver 50.0 feet assaying 1.4% zinc, 0.4% lead and 5.0 g/t silver o Including 10.0 feet assaying 3.6% zinc, 0.9% lead and 6.4 g/t silver Key mineralized intervals from the Hoist House zone include: 8.0 feet assaying 11.0% zinc, 0.7% lead and 13.2 g/t silver
15.9 feet assaying 5.6% zinc, 0.9% lead and 18.5 g/t silver o Including 5.8 feet assaying 10.2% zinc, 2.0% lead and 27.5 g/t silver 47.5 feet assaying 2.2% zinc, 0.1% lead and 4.1 g/t silver o Including 3.5 feet assaying 7.9% zinc, 0.1% lead and 7.4 g/t silver 25 feet assaying 4.5% zinc, 0.5% lead and 20.3 g/t silver 20.0 feet assaying 7.3% zinc, 0.9% lead and 11.7 g/t silver o Including 10.0 feet assaying 13.5% zinc, 1.6% lead and 19.1 g/t silver 31.0 feet assaying 4.2% zinc, 0.5% lead and 10.3 g/t silver o Including 10.0 feet assaying 10.1% zinc, 0.9%lead and 11.6 g/t silver
The Hoist House zone, located one mile south of the ESM #4 mine and milling complex, is interpreted to be the unmined extension of the historic #2 zone. Historic drilling indicates that the Hoist House zone extends to a depth of at least 300 feet over a strike length of 600 feet. The most recent drill holes at Hoist House have extended both the hanging wall ('HW') and footwall ('FW') mineralized horizons, and drilling continues.
The Turnpike zone, located 600 feet to the southeast of the Hoist House zone, is interpreted to be the unmined extension of the historic #1 zone. Historic mapping identified outcropping mineralization with a strike length of 450 feet, and drilling has confirmed the presence of near-surface mineralization between 50 and 100 feet thick.
The Pumphouse zone is located 500 feet to the southwest of the Hoist House zone and is interpreted as being an unmined lens of mineralization adjacent to the historic #2 zone. Mineralization outcrops on surface and historic drilling indicates a 20 to 40-foot-wide zone of mineralization with a strike length of 350 feet and could extend to a depth of at least 150 feet.
Hoist House Zone Drill Results
Drill holes SX19-2478, SX19-2479 SX19-2480 and SX19-2484 were drilled from surface and are part of a four-hole fan which targets the Hoist House zone and is located 50 feet to the southwest of the previously-reported drill holes (SX19-2475, SX19-2476 and SX19-2477). All four holes intercepted the HW and FW mineralized horizons, demonstrating the continuity of mineralization down-dip and along strike. Intercepts from the four holes are vertically spaced about 50 feet apart in FW mineralization.
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Cautionary Note Regarding Forward-Looking Information
This press release contains certain forward-looking statements. Words such as 'expects', 'anticipates' and 'intends' or similar expressions are intended to identify forward-looking statements. Forward-looking information is necessarily based on a number of opinions, assumptions and estimates that, while considered reasonable by the Company as of the date of this press release, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance of current and additional drilling, or timing of events to be materially different from those expressed or implied by such forward-looking information, including but not limited to the factors described in greater detail in the Company's Management's Discussion and Analysis and Annual Information Form for the year ended
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