Trimin increases stake in Hanson Lake

The company picked up the additional interest from Esso Minerals Canada which is in the process of divesting itself of its mining interests.

Project operator Cameco also increased its stake in the project by buying an additional 17.1% interest from Esso Minerals. Cameco’s interest now stands at 67.1%.

The Hanson Lake deposit is reported to contain 7.7 million tons grading 1.1% copper, 6.5% zinc, 1.0 oz silver and 0.02 oz gold per ton in lens two of the McIlvenna Bay zone.

This mineral resource is in addition to a potential mineral resource of 440,000 tons of 2.5% zinc and 1.7% copper in lens one, and 44,000 tons of 8.1% zinc and 1.6% copper in lens three.

Trimin President Randy Turner said Cameco is under way with a 20,000-ft drill program at Hanson Lake with two rigs continuing to test lens two which is still open below 2,950 ft vertical depth.

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