Recent drilling on the Dromedary Mountain project 150 miles north of Whitehorse, Yukon, intersected stratabound sulphide mineralization, mainly pyrite and pyrrhotite, including a 14-ft. thick horizon of massive sulphides. Dromedary Exploration (VSE) is earning a 100% interest in the property from Fleck Resources (VSE) subject to a 10% carried interest or the right to back in for 20%.
The company noted the hole also intersected, below the sulphides, a pyritic quartz stockwork over 95 ft. thick with sphalerite and galena occurring locally.
President Gerald Carlson said he did not think the drill hole would contain an ore-grade intersect but he was encouraged by the presence of sedimentary exhalative mineralization. Carlson described the environment as similar to that which hosts the major lead-zinc-silver deposits in the northwest, including the Faro deposit and the Red Dog in Alaska.
Dromedary is currently drilling a second hole along the several- mile-long geochemical and gravity anomaly in an area which returned one of the strongest responses.
The drilling program is part of a $160,000 program which includes three holes representing about 2,000 ft. Funding was provided by the company’s original listing in January at 35 cents per share.
The issue’s 2.1 million shares currently trade at the 40 cents level.
Be the first to comment on "Dromedary intersects massive sulphides"