Redcorp Ventures‘ (RDV-T) latest drill results from its Tulsequah project in northwestern B.C. failed to impress the markets, as the Vancouver-based junior’s shares stumbled.
Results come from the Big Bull zone of the project, where roughly 9,500 metres of drilling from 22 holes are being drilled beneath and along strike the former Big Bull mine.
Big Bull was in operation in the 1950s.
To date, results have been received from 13 holes of the 22 holes completed. Redcorp says it plans to conduct a resource estimate once all drilling is complete.
The most recent highlights from the program include:
- 2.7 metres (from 3.5.3 to 308 metres) at 2.79 grams gold, 9.02 grams silver, 0.05% copper, 0.15% lead and 0.27% zinc.
- 2.22 metres (from 238.5 to 240.7) grading 4.06 grams gold, 245.08 grams silver, 0.11% copper, 2.22% lead and 4.10% zinc.
In a release the company says Big Bull’s mineralized zones are more structurally controlled than the deposits at the Tulsequah Chief Mine which is situated roughly 9 km north of Big Bull.
The company says wider intercepts obtained in three of its holes, as well as historical intersects in the area, could be defined with higher grades and widths.
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