A preliminary reserve estimate was released by Eurus Resource (VSE) and Thios Resources (VSE) for their joint venture Rock & Roll property in the Iskut River region of northwestern British Columbia. The project is estimated to contain a total of 640,000 tons grading 0.072 oz. gold, 9.8 oz. silver per ton, 3.08% zinc, 0.79% lead and 0.64% copper.
This preliminary reserve calculation was done in-house for Eurus and Thios by Prime Explorations, which manages the exploration program on the property. No assays were cut, and no dilution factor was applied.
The calculation was based on 29 out of 70 holes that intersected the Black Dog deposit within the Black Dog horizon, and one drill hole on the new discovery known as the SRV zone. The average weighted true thickness of the intercepts used to calculate the reserve is 15.5 ft.
The companies view the potential to increase reserves on the property as excellent. Drilling to date has only tested a strike length of about 2,296 ft., or roughly 10% of the total length of the airborne geophysical anomalies trend.
The companies also noted that only shallow drilling has been completed so far, and subsequent drilling is planned to follow the Black Dog deposit to at least three times its currently known downdip extent.
More drilling is also planned to delineate the extent of the SRV zone, and to test other targets on the property.
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