Vancouver The much anticipated sulphide horizon was finally intersected at Stikine Gold’s (SKY-V) deep drilling program near Kimberley, British Columbia. The company’s first hole intersected five discrete bands each less than a metre wide containing laminated and massive sulphides nearly 300 metres below the targeted depth.
The sulphides were intersected over a 7.65 metre interval that began at 2,735.9 metre depth and ended at 2,743.5 metres. The laminated and massive bands range from 0.27 to 0.98 metres wide and contain from 15 to 90% sulphides including pyrhotite, pyrite in all the intervals plus sphalerite in three of the intervals. Results are pending.
The company figures that it intersected the western margin of another sedimenary exhalative system (SEDEX) which continues to the east and north of Hole SD04-01. It is planning a downhole UTEM survey and several shorter wedge holes off this hole in a northeast direction.
Stikine Gold acquired the Sullivan Deeps project last October and has an option to earn 50% of the Sullivan North claims from Teck Cominco (TEK-T).
The Sullivan Deeps project is situated about 4 km from the former Sullivan mine which operated for nearly a century until 2001 — producing lead, zinc, silver, tin and gold.
The former Sullivan mine stratigraphy hosted a SEDEX style of sulphide mineralization. Sullivan Deeps lies within a north-south trending mineralized corridor that hosts three other past producing mines including Stemwinder, North Star and Sullivan. The Sullivan mine and the mineralized corridor where offset by the east-west trending Kimberley Fault.
Previous drilling to 2,400 metres showed geologic marker horizons, mine hanging wall stratigraphy, and sulphides, suggesting the western edge of the same sub-basin that hosts the three former mines.
Cominco’s final work in 1998 outlined a 3,000 metre square UTEM geophysical anomaly coinciding with the Sullivan-age stratigraphy which remained untested until now.
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