Called the Farquharson property, it covers a thick sequence of mineralized rhyolite agglomerates on what is thought to be the same stratigraphic horizon as the Aur/ Louvem deposit.
Farquharson’s southern boundary is 1,500 ft north of the former East Sullivan copper-zinc-silver mine property’s southern boundary.
The eastern portion of the property contains a wide sulphide halo of disseminated and stringers of pyrite, pyrrhotite and chalcopyrite in agglomerates extending over a true width of at least 600 ft.
Widely spaced core samples assayed from 0.04%-0.61% copper and 0.08 oz to 0.24 oz silver per ton over widths ranging from 2.5 ft to 5 ft.
“We believe that this zone may represent a sulphide stringer zone typically associated with precambrian base metal sulphide deposits,” said President Ray Mongeau.
A drill hole collared south of the stringer zone intersected 0.66% copper over a 23-ft core length. Another hole returned 1 ft of 3.15% copper.
Orcana is planning to look for possible depth extension of the East Sullivan zone to the northeast through geophysical surveys and drilling.
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