Redcorp fills in sulphide lenses at the Chief

Vancouver Redcorp Ventures (RDV-T) has provided additional drill results and an update on this year’s work program at its wholly-owned Tulsequah Chief polymetallic project. The property is situated about 100 km south of the town of Atlin in northwestern British Columbia.

The company is focusing on infill drilling to raise the inferred resources to the indicated category and comply with National Instrument 43-101 standards, according to company President, Terrence Chandler. A 30,000 metre drill program is planned for this year and three drill rigs are currently on the property.

Five thousand metres in nine holes were drilled as infill holes in the Tulsequah deposit, in the program so far. Assay results show that the grades are fairly consistent within the lenses. Holes TCU04096 and 097 returned higher-than-average grades in the inferred portion of the current resource at depths of around 565 and 516 metres respectively. A 12.8 metre wide interval graded 3.10 grams gold, 125.06 grams silver, 1.35% copper, 1.70% lead and 7.34% zinc.

The Tulsequah Chief project which received its Project Approval Certificate from the B.C. government back in December 2002, is attempting to redevelop the underground mine. The drill drift has been extended and the new drill station is being prepared to enable step-out holes to test the depth extent of the deposit.

The proposed mine has a historical resource of 5,940,000 grading 2.59 grams gold and 107.41 grams silver per tonne, with 1.42% copper, 1.26% lead and 6.72% zinc, in the measured and indicated category. There is another 3,000,000 tonnes grading 2.42 grams gold and 107.86 grams silver per tonne with 1.10% copper, 1.19% lead and 6.38% zinc in the inferred category.