BHP tests anomalies at Cabre property

Drilling has encountered minor amounts of copper and zinc mineralization on South African Minerals’ (TSE) Cabre property near Matagami, Que.

BHP Minerals Canada carried out the 2,429-metre program in order to test geophysical anomalies found north of the original discovery. Previous work identified two massive sulphide zones.

The deposit hosts about 1.2 million tonnes averaging 5.54% zinc and 1.31% copper, plus 0.26 gram gold and 10.2 grams silver per ton.

The copper and zinc mineralization was intersected by three holes, totalling 1,959 metres and drilled along strike. Hole CB-16 cut two zones of stringer pyrite-pyrrhotite mineralization which are 46 and 92 metres thick, respectively. In addition, the hole cut a 76-metre-thick zone of massive magnetite with 1.5% chalcopyrite and less than 0.5% sphalerite. Two of the better intervals assayed 2.61% copper and less than 1% zinc over 1.4 metres, and less than 1% copper and 4.97% zinc over half a metre.

The two other holes intersected gabbroic intrusives and sericitized and epidotized felsic volcanics.

Two additional holes, previously completed along strike from the Cabre deposit, were extended by 248 and 222 metres, respectively.

All of the above holes are being surveyed using a downhole pulse electromagnetic (PEM) survey and a surface PEM survey. Once the surveys are completed and interpreted, additional drilling will be carried out.

BHP can earn a half interest in the property by spending $1.5 million on exploration over the next five years. It can increase this to 70% by spending another $1.5 million in the ensuing 2-year period.