Drills turn at Hackett River

Drilling is under way at the Hackett River base metal project near Bathurst Inlet, N.W.T., reports Etruscan Resources (EET-T).

The 7,500-metre program, scheduled for completion by the end of August, will test new zones identified by a recently completed electromagnetic survey and attempt to expand known resources.

Hackett River, a joint venture between Etruscan (53%) and Cominco (CLT-T), is a 123-sq.-km. property with several massive sulphide zones containing copper, zinc and silver. The latest geophysical survey was designed to detect new high-tonnage massive sulphide deposits at depths of 200 to 300 metres.

The first holes will test a number of targets around the Main zone, including extensions of the high-grade zinc and silver lenses, the down-plunge extension of the footwall copper zone and a coincident gravity and EM anomaly.

Previous high-grade intercepts from the Main zone include 50 ft. grading 24.5% zinc and 19.1 oz. silver per ton, 110 ft. grading 16.7% zinc and 4.5 oz. silver and 125 ft. grading 3.1% copper.

Etruscan’s plan to sell its interest in Hackett River (T.N.M. Feb. 2/98) to NovaGold Resources (NRI-T) was cancelled after the companies were unable to reach mutually agreeable terms for the sale.

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