Higher reserves are expected by Normetal Mining Exploration following the first phase of drilling on property in Desmeloizes and Perron Twps. in northwestern Quebec.
The drilling, financed by La Sarre Mining Exploration, was intended to verify the extension of a known deep zinc ore deposit to within surface, the company reports. The zone outcrops under 3 ft of gravel and its width varies between 10 ft and 25 ft; the lens was previously intercepted at 1,300 ft vertical. The length is 200 ft.
Reserves were previously calculated at 306,800 tons (all categories) grading 10% zinc.
The zone is located 3,000 ft northwest of the Normetal mine workings, and there is no royalty outstanding on this body, the company reports. Assay results also reveal the presence of copper, lead, silver and gold.
Normetal has a 75% interest in the property, while La Sarre Exploration has a 25% interest.
In other news, Normetal has repurchased for $25,000 half of a 4% net smelter return left to Kerr Addison Mines, from whom Normetal acquired the aforementioned property. The net smelter royalty now outstanding on the mining concessions amounts to 2%, which is applicable to about 10% of the property’s area (mining concessions), Normetal reports.
And, Doelcam Inc. has performed a 50-ton bulk sample of the Normetal mine tailings; the bulk sample has been shipped to Lakefield laboratories for testing.
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