A recent hole drilled to test the easterly plunge of a small zinc deposit on Ego Resources’ (TSE) property near Great Slave Lake, N.W.T., has yielded 56 ft. grading 9.3% zinc, 0.22% copper and 1.28% lead. The company’s partner is Asquith Resources (COATS) which is providing part of the funds for drilling to earn a 25% interest in the property.
Ego said the hole was drilled in a previously untested area south of the known BB Lake lead-zinc deposit. According to the company, the intersection has the potential to increase the strike length of the known mineralization by at least 300 ft.
The current phase-two program is designed to evaluate geophysical targets lying in areas inaccessible during the summer. The targets are associated with the same horizon which hosts the known BB deposit and the Kennedy Lake deposit, 1,500 ft. to the west.
Drilling between the two deposits along the target horizon has intersected stringer chalcopyrite with results from eight separate holes, ranging between 11.1% zinc over 18 ft. and 0.28% zinc over 213.2 ft.
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