A polymetallic sulphide deposit has been uncovered in southeastern Yukon about 200 km northwest of Watson Lake, Cominco (TSE) reports.
To date, 20 of 27 drill holes have intersected massive base metal sulphides containing precious metal values. The average true thickness of intersected sulphides is 13 metres and the weighted average grade of these sulphide intervals is 1.1% copper, 1.5% lead and 6.1% zinc, as well as 140 grams silver and 1.3 grams gold per tonne.
Widely spaced drilling on 100-metre centres has intersected sulphide thicknesses along 600 metres of strike and 350 metres of downdip extent. Cominco says the deposit appears to be closed off downdip but is open in one direction along strike. Drilling continues.
The initial discovery hole was completed in April. A large regional airborne electromagnetic and magnetic survey was then flown, leading to the staking of additional targets, with about 2,800 claims covering 51,000 hectares. Cominco has other claims in the Yukon and, along with Teck (TSE), acquired a 50% interest in the Sa Dena Hes lead-zinc mine near Watson Lake. The mine was formerly operated by Curragh.
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