Project operator BHP Minerals Canada reports receiving results from four additional holes drilled at Southern Africa Minerals’ (ASE) Caber base metal property in northwestern Quebec.
TAbout 35 km southwest of Matagami, the Caber property is 3 km south of the Phelps Dodge deposit, which contains in excess of 1.5 million tonnes grading 4.5% zinc, 0.84% copper and 16.5 grams silver per tonne.
Previously, BHP announced that three drill holes had intersected two zones of massive sulphide mineralization at vertical depths of 200-300 metres (T.N.M., July 18/94).
Of the four new holes, the most significant intersection was 3.31% zinc, 1.35% copper, and 9.79 grams silver and 0.28 grams gold over 12.9 metres in hole CB-94-9.
The three other holes intersected the Key Tuffite unit, which is a marker horizon associated with the Matagami-area massive sulphide deposits. All three of these holes encountered anomalous copper, zinc, and silver values, with the best intersection occurring in hole CB-94-11, which yielded 1.11% zinc, 0.02% copper and 5.7 grams silver over 1.5 metres. Drilling and geophysics have now identified two massive sulphide zones. Both zones have an indicated strike length of about 300 metres, dip steeply at 75-80 to the southwest and open at depth. The zones appear to top out at about 125 metres below surface.
BHP says additional drilling is planned for this autumn.
BHP can earn a 70% interest in Caber by spending $3 million on exploration over seven years, and paying $250,000 over five years.
Southern Africa Minerals was formed earlier this year through the amalgamation of Kingswood Resources and Botswana Minerals, a privately owned Canadian company.
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