Kenrich-Eskay tallies Double Ed copper

Vancouver — Kenrich-Eskay Mining (KRE-V, KREKF-O) has delivered a modest resource estimate for the Double Ed deposit on its 50%-owned Coastal Copper project, located in the Anyox mining district in northwestern British Columbia.

Based on 2006 drilling of about 9,400 metres in 27 holes, Kenrich-Eskay has tabled an indicated resource of 1.85 million tonnes grading 1.6% copper, 1% zinc and 15.1 grams silver per tonne in the volcanogenic massive sulphide (VMS) deposit.

The drill program defined a massive sulphide zone with dimensions of 200 metres north-south, up to 300 metres downdip and a true thickness ranging from 2 metres to over 15 metres. The deposit is open to the north and south, as well as downdip. This year’s planned exploration program of about $1.5 million will include drilling to test its extension potential.

Mineralization consists of massive to semi-massive chalcopyrite and pyrite-pyrrhotite within altered mafic volcanics. A deeper section of the deposit is interpreted as a folded lens.

The Double Ed deposit, which was first discovered in 1952, is adjacent to the past-producing Hidden Creek and Bonanza copper mines, which operated from 1914-35 and 1929-35, respectively.

The Coastal Copper project is a 50-50 joint venture with a private company.

Kenrich-Eskay is also exploring its Corey project, about 10 km south of Barrick Gold’s (ABX-T, ABX-N) Eskay Creek gold-silver mine, in northwestern B.C. It plans a $6-million program this year on the project, including drilling.

Shares of the company recently traded in the 85-range, giving Kenrich-Eskay a $52-million market capitalization based on its 61.4 million shares outstanding.

Print

Be the first to comment on "Kenrich-Eskay tallies Double Ed copper"

Leave a comment

Your email address will not be published.


*


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close