Underground diamond drilling at Westmin Resources’ British Silbak property has confirmed and extended the high grade precious metals mineralization discovered earlier by surface drilling (N.M., Dec 15/86).
A total of 10,600 ft of drilling was completed in the Glory Hole area and a minimum 7,000-ft program now is in progress on the No 2 level. Drilling is also expected to begin shortly from the No 6 level to define reserves that are mineable by underground methods, an option which is becoming very attractive for the company.
A reverse circulation drilling program was completed on dump material near old mine workings and preliminary results suggest this material is moderate to low grade, according tho Westmin.
The company says preliminary estimates of geological reserves for the Silbak Premier and the Big Missouri property to the north are expected in February. In the meantime, engineering studies relating to metallurgy, tailings disposition, geotechnical aspects and hydroelectric potential are progressing satisfactorily in preparation for a detailed feasibility.
Discussions have been held with appropriate government agencies and more are planned with municipal groups in the Stewart region. The company expects to submit its stage 1 report in early April and a production decision is aimed for mid-1987. Work on the Silbak and Big Missouri properties is being funded by Canacord Resources in return for an interest in the properties.
Be the first to comment on "Drilling confirms high grade zone on Silbak property"