Six more holes to be drilled on Chance’s Ontario claims

Situated 6,000 ft northwest of the large Kidd Creek zinc-copper deposit north of Timmins, Ont., the Chance claims host the only other known sulphide mineralization in the Kidd camp, Michael Zurowski, president of Chance, told the meeting. “It’s the only property in the Kidd camp with comparable mineralization to the Kidd Creek mine,” he explained. Zurowski is also vice-president of Conwest Exploration, the company which controls Chance.

Although work by Falconbridge has failed to delineate an economic orebody, “there’s a lot of hope yet,” Zurowski added. Falconbridge has spent in excess of $2 million exploring the claims since 1984.

Follow-up work will test an area near the South Chance deposit, a small 250,000 ton zinc-lead-silver lens grading 12% zinc, 4% lead and 6.5 oz silver per ton. Falconbridge encountered sulphide mineralization 1,300 ft north of the South Chance deposit last year. Importantly, the area displays geology considered favorable for massive sulphide deposition. This includes highly altered felsic volcanic rocks which are similar to those hosting the big Kidd Creek deposit.

Zurowski also said that Falconbridge has considered drifting 6,000 ft from the Kidd mine workings to the Chance property to carry out underground exploration. At current commodity prices, mining of the South Chance deposit would likely pay for such a project. However, the development has not received management approval at Falconbridge.

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