Donner Metals of Vancouver and Xstrata Zinc of Toronto have announced numbers for their Bracemac-McLeod discovery near Matagami, Quebec.
The 43-101-compliant indicated resource 3.65 million tonnes averaging 11.09% Zn, 1.55% Cu, 31.34 g/t Ag and 0.48 g/t Au. Mineralisation is said to be typical of the Matagami Camp, and Donner added that there is the potential to discovery additional high-grade sulphides.
Xstrata Zinc is conducting a scoping study that includes metallurgical testing, preliminary engineering for an underground mine with ramp access, and preliminary capital costs. Ore from a new mine could be processed at Xstrata's concentrator in Matagami.
A total of 90,185 metres of diamond drilling in 180 drill holes has been completed on the Matagami project since the joint venture was formed in late 2006. Approximately 80,000 metres of diamond drilling have been focused on, and in the vicinity of, the Bracemac-McLeod discovery.
Source: Canadian Mining Journal
No comments:
Post a Comment