Canmine releases results from Fer drill program

Final assay results from winter drilling on the Fer polymetallic property near Flin Flon, Man., have been released by owner Canmine Resources (CDN).

During the program, 18 holes were drilled to an average depth of 350 ft. for a total drill footage of 6,218. The drilling indicates the Fer zone contains at least three separate, shallowly dipping massive sulphide lenses. The lenses occur at depths of about 120, 200 and 320 ft. and range up to nine feet in true thickness.

Significant results include: 6.36% zinc, 1.14% copper, and 0.3 oz. silver per ton from 208.5 to 217 ft. in Hole Fer 15; 2.1% zinc, 1.13% copper and 0.48 oz. silver from 305.7 to 315 ft. in Hole Fer 26; and 2.25% zinc, 0.73% copper and 0.3 oz. silver from 229.2 to 240.2 ft. in Hole Fer 29.

The company believes the alteration and metal values are similar to those of the zinc zone at the Geco mine in Manitouwadge, Ont.

The Fer zone has a drill-indicated strike length of more than 3,900 ft. and appears to be considerably longer then previously indicated by electromagnetic (EM) surveys. About 25 other EM anomalies and mineralized zones are present within two miles of the Fer zone and the company believes some of these zones may be linked with the Fer zone at depth or along strike. Geological mapping and transient electromagnetic (TEM) surveys are expected to begin shortly. TEM surveys are being used because of their ability to penetrate to a depth of up to 1,000 ft. below surface.