Details of a much-talked-about polymetallic discovery in southeastern Yukon are now available.
Cominco (TSE), owner of the property, estimates the project’s inferred resource at 13 million tonnes grading 5.5% zinc and 1% copper, plus 125 grams silver and 1.2 grams gold per tonne. The estimate is based on 40 drill holes. Drilling is spaced on 100-metre centres, except in the updip southwestern quarter of the deposit where the spacing is about 50 metres. The zone appears to be closed off on all sides, as is indicated by 10 surrounding drill holes. Preliminary work indicates that more than half the resource will be amenable to open-pit mining methods, and the company intends to “fast-track” the development of a 1-million-tonne-per-year mine.
Cominco has staked more than 70,000 hectares in the area and has already initiated (or plans to initiate) metallurgical testing, engineering, cost studies and environmental work.
The new claims contain a large number of targets that will be followed up in 1995.
Be the first to comment on "Cominco unveils Yukon discovery"