Mountain Beaver active at Figuery

A second phase of drilling is scheduled to begin shortly on the Figuery project near Amos, Que.

Mountain Beaver Resources (CDN) has an option to earn a 50% interest in the prospect by spending $4 million over four years.

Drilling will probe targets to the east and west of the Figuery massive sulphide deposit, which is estimated to contain preliminary reserves of 386,778 tonnes of 5.03% zinc, 0.3% copper, 42.2 grams silver per ton and 0.34 grams gold.

A recent hole, collared 150 metres west of the deposit, intersected 5.53 metres grading 3.85% zinc, 0.10% copper and 27.4 grams silver at a depth of 180 metres. On behalf of Mountain Beaver, Gold Fields Canadian Mining will drill three holes along a geophysical trend that stretches for another 700 metres further west.

The fourth hole will explore the east end of the Figuery deposit at a depth of 400 metres.