NDU Res. ups reserve at Yukon’s Marg property

A 26-hole program of infill and delineation drilling program completed by NDU Resources (NDU-T) on the Marg property in the central Yukon during 1996 has significantly boosted reserves.

A drill-indicated mineral reserve now stands at 5.5 million tonnes grading 1 gram gold and 62.7 grams silver per tonne, plus 4.6% zinc, 1.76% copper and 2.46% lead, compared with a previous estimate of 2.9 million tonnes averaging 0.89 gram gold and 55.9 grams silver, as well as 4.17% zinc, 1.62% copper and 2.25% lead. The calculations are based on a minimum 3-metre width.

Mineralization is hosted in four closely spaced, polymetallic massive sulphide horizons, traced over a strike length of 1,200 metres and to a depth of 700 metres downdip from surface. The horizons are up to 23 metres thick, the average thickness being 6.1 metres.

The massive sulphide horizons remain open at depth and down-plunge to the east and along strike to the west, where an 800-metre-long soil anomaly awaits testing.

NDU owns a 66.7% interest in the 22,000-acre Marg property and can acquire the other 33.3% from Cameco (CCO-T) by paying $750,000 over four years.

With $2.8 million in its treasury, NDU plans to resume drilling in May, using two rigs that have been left on site. A 10,000-metre program is planned.