Vancouver – Volcanogenic massive sulphide (VMS) copper, lead, zinc, silver and gold has been intersected by Kobex Resources’ (KBX-V) at the Mor prospect in the Yukon where the company has an option to earn an interest from Almaden Minerals (AMM-V).
The Mor prospect is part of Almaden’s larger VMS property situated 190 km southeast of Whitehorse. The Mor, Caribou Creek and Cabin Lake claims have been optioned to Kobex which can earn a 60% interest from Almaden by spending $1 million in exploration and issuing 1.1 million shares to Almaden.
Two holes drilled about 100 metres apart, intersected VMS-style mineralization and alteration. Hole MO04001 intersected significant mineralization from the collar to 25 metres depth that graded 0.69% copper, 1.31% zinc, 0.15% lead, with 39.7 grams silver and 0.82 gram gold per tonne over 4.9 metres. A further mineralized unit (of lower grade) was intersected at roughly 42 metres depth in this hole.
Hole MO04002 intersected two separate intervals of significant mineralization. The first, at 23 metres depth graded 0.17% copper, 0.76% zinc, and 0.17% lead, 12.95 grams silver and 0.17 grams gold per tonne. The second started at 66 metres depth and graded 0.97% copper, 0.21% zinc, 19.78 grams silver and 0.35 gram gold.
The Mor, Caribou Creek and Cabin Lake claims were staked to cover the source of anomalous geochemical stream and soil sediments in the late 1990s. The property is situated in the Yukon-Tanana Terrane which has similar geology to that of the Finlayson Lake district (160 km to the northeast). The Finlayson Lake district contains several large-scale VMS deposits including the Kudz Ze Kayah and Wolverine deposits.
The recent two-hole diamond drill program was completed this summer to test an 800 metre long IP chargeability anomaly that coincides with the geochemical anomalies and mineralization found in trenches. The orientation of the massive sulphide units, including true widths could not be determined from the drilling done so far.
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