Redcorp advances Tulsequah Chief

Vancouver — Infill drilling by Redcorp Ventures (RDV-T) is resulting in consistent grades at the Tulsequah Chief polymetallic project near Atlin, B.C.

The highlights to date are holes 96 and 97, which returned higher-than-average grades in the inferred portion of the resource at depths of around 565 and 516 metres, respectively. A 12.8-metre-wide interval graded 3.1 grams gold 125.06 grams silver per tonne, plus 1.35% copper, 1.7% lead and 7.34% zinc.

This year’s program, which will span 30,000 metres, is designed to upgrade the inferred resource to the indicated category. So far, 5,000 metres (nine holes) have been drilled.

Redcorp is preparing a drill station at the former underground operation to enable stepout holes to test the depth extent of the deposit.

The project has a historical resource, in the measured and indicated category, of 5.9 million tonnes grading 2.59 grams gold and 107.41 grams silver per tonne, with 1.42% copper, 1.26% lead and 6.72% zinc. In the inferred category are 3 million tonnes grading 2.42 grams gold, 107.86 grams silver, 1.1% copper, 1.19% lead and 6.38% zinc.