An adit is being driven into the L98 massive sulphide lens at Rea Gold Corp.’s concession zone in the Adams Lake area of British Columbia. President Larry Reaugh says the $2-million exploration program will provide access to an estimated 147,210 tons of reserves grading 0.158 oz gold, 1.8 oz silver, 2.4% lead, 2.4% zinc and 0.69% copper.
The 1,600 ft of underground development, which will include the adit, two raises and some sub-level drifting, will provide information for mine engineering studies, reserve estimation and metallurgical test purposes, he says.
The company has a 100% interest in the concession which contains approximately 266,200 tons of drill-indicated reserves between three massive sulphides lenses at an average grade of 0.19 oz gold, 2.14 oz silver, 2.2% lead, 2.2% zinc and 0.5% copper. The material is highly refractory and would no doubt require some specialized recovery process. Reaugh says that 90% recoveries for gold and 80% for silver have been “reported by chemical processes.”
The relatively clean Samatosum silver deposit is located approximately three-quarters of a mile from the Rea concession zone. This deposit has drill-indicated reserves of 661,000 tons averaging 32.1 oz silver, 0.052 oz gold, 3.5% zinc, 1.7% lead and 1.2% copper. Recent drilling by Minnova Inc., operator for the project, filled in wide areas within the deposit and extended mineralization to the north and south. Environmental, mineralogical, metallurgical and engineering studies are under way prior to a full feasibility study.
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