Inmet Mining (IMN-T) has resumed drilling at Loubel Exploration‘s (LBX-V) Lemoine property, 25 km southeast of Chibougamau, Que.
Inmet has two drills on site and plans to sink between 10-12 angled holes, 8,000 metres in all, to test targets along the same stratigraphic horizon that hosted the past-producing Lemoine mine. Drilling is expected to take about 10 weeks.
Three of four holes sunk late last year returned low-grade intersections. Those holes targeted conductive zones outlined by a ground-electromagnetic survey.
The first hole, 2 km northeast of the former Lemoine mine, cut a 3-metre interval of tuff that ran 0.51% zinc. The tuff appears to be the same stratigraphic unit that hosted the Lemoine mine, which churned out 758,000 tonnes of ore grading 9.56% zinc and 4.2% copper, with gold and silver credits.
A second hole, an identical distance southwest of the old mine, intersected a wide zone of highly altered volcanic rocks that ran 0.2% copper over 16 metres and 0.34% copper over a separate 6-metre interval. A third hole, collared 1.5 km southeast of the mine, encountered 1 metre grading 0.75% zinc, again in tuff.
Inmet can earn a 60% interest in the property by making exploration expenditures and subscribing to a series of private placements in Loubel.
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