Vancouver – Main zone infill drilling is proving up grade continuity for Blue Pearl Mining (BLE-T, BLEFF-O) at its Davidson molybdenum project near Smithers, B.C.
The high-grade nature of mineralization was also confirmed in the program that returned a 122-metre intersection grading 0.67% MoS2 in hole 183, including a 15.3-metre interval of 1.92% MoS2. All the holes cut significant molybdenum mineralization over mineable widths.
Drilling is also collecting material for metallurgical and rock mechanics testing enroute to the company’s planned development of the Davidson deposit. A feasibility study, being conducted by engineering firm Hatch, is expected to be completed by September with mine development anticipated in early-2007. The study will review mining the high-grade section of the Main zone and ship the ore to the privately owned and operated Endako molybdenum mine located about 200 km to the southeast. In early-2006, Blue Pearl signed an agreement for the construction of a 2,000-tonne-per-day milling circuit at Endako to process Davidson ore.
The company has also engaged a mining contractor that is excavating underground drill stations in the old workings to allow drill testing of the Lower zone. Proposed mining plans call for development of a second adit into Hudson Bay Mountain, about 360 metres below the current working, for extraction of the ore.
The Main zone at Davidson hosts a measured and indicated resource of 83 million tonnes averaging 0.295% MoS2 using a 0.2% MoS2 cut-off grade, representing about 295 million pounds of contained molybdenum.
The deposit, previously called Yorke-Hardy, saw significant exploration and development by Amax and Climax Moly from the late-1950s through to 1980.
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