Zinc, lead and silver drill results for RosCan

RosCan Minerals (ROS-V) is busy evaluating the first set of diamond drill results from its Jokkmokk property in Sweden before making its next move.

The property in north-central Sweden is owned and operated by Intrepid Mines (IAU-T), but RosCan is currently earning an 80% interest in the property while former owner BHP Billiton (BHP-N, BLT-L, BHP-A) has a 3% net smelter return royalty.

The drill program focused on the MG01 and MG02 prospects, where past geophysical surveys by BHP indicated potential for zinc, lead and silver.

The company drilled 8 holes for a total of 1,116 metres.

Highlights from MG02 include 1.1 metres grading 3.97% zinc, 0.83% lead and 4.7 grams silver per tonne.

Hole MG01 returned 80 cm grading 2.6% zinc, 1.16% lead and 31.4 grams silver per tonne.

Sulphide-rich graphitic mudstone units were also intersected with consistently anomalous multi-element metal values such as drill hole RMG01-7, where 56.4 metres returned 0.24% zinc, 0.06% copper, 0.049% nickel and 3.78 parts per million silver.

So far, the companies plan to do more soil geochemistry sampling on a large untested area with geophysical anomalies. The original BHP target remains open at depth.