Final holes at Duck Pond confirm resource

The last six holes drilled on the Duck Pond polymetallic property in central Newfoundland have confirmed the results of earlier drilling, while offering hope that the resource may be larger than earlier estimates.

The program, mounted by partners Queenston Mining (QMI-T) and Thundermin Resources (THR-T), consisted of 16 holes, some as infill between holes drilled in the 1980s and some near the boundary of the resource that had been previously outlined. The final six holes all tested areas near the boundaries of the known mineralization.

Holes 213 and 214, drilled on the western edge of the deposit, both showed that the massive sulphide body extends farther west than the previous resource calculation had taken into account. Similarly, hole 215, drilled near the northern end of the deposit, intersected a 32.9-metre zone of sulphide mineralization grading 2.4% copper, 6.6% zinc and 0.8% lead, plus 47 grams silver and 0.9 gram gold per tonne, indicating that the mineralization extends farther north.

A hole near the centre of the deposit showed a thicker intersection than had been expected, suggesting that tonnages in that part of the deposit may have been underestimated. Another, drilled at the northeastern end of the deposit, confirmed earlier drill data.

The companies are continuing with time-domain electromagnetic surveys, mapping and prospecting in the North Moose Pond, South Moose Pond and East Pond areas, northeast of Duck Pond.

At South Moose Pond, they recently discovered a showing of disseminated base metal mineralization in strongly altered felsic volcanic rocks, which coincides with weak electromagnetic and gravity anomalies.

Mineralized boulders have been found at North Moose Pond.

At East Pond, the companies are investigating a showing with massive sulphides and banded chert (suggesting a sea-floor exhalative vent), which yielded a grab sample with 21.6% zinc. Drilling is planned for the fall.

A second drill program, to start in September, will investigate the Upper Duck Lens and the Sleeper Lens. There will also be holes drilled on the Boundary deposit, about 5 km to the north, and on several geophysical targets nearby. East Pond and South Moose Pond are also slated for drilling.

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