Falco confirms Kidd expansion

Falconbridge has confirmed earlier reports (T.N.M, Sept. 6/93) that it has found “significant extensions” to the Kidd Creek orebody in Timmins, Ont.

“The main orebody is now known to continue downward from the 5,600-ft. level — the bottom of the proven and probable reserves — to at least the 7,400-ft. level,” said Warren Holmes, president and general manager. One intersection, drilled within the massive sulphide zone at the 7,300-ft. level, returned 42.3 meters grading 14.98% zinc, 0.91% copper and 43 grams silver per tonne.

Another intersection, within a broad halo of stockwork mineralization near the 7,000-ft. level, yielded 51.7 meters grading 3.53% copper and 0.17% zinc. Both intersections are deemed representative of the depth extension. In addition, new ore-grade mineralization has been discovered south of the main orebody. Reliable estimates of tonnage and grade from recent drilling are not possible, but Kidd Creek says at least 10 million tonnes are indicated below 5,600 ft. Reserves stand at about 32.8 million tonnes, which, with no extensions, would be mined out by 2004.

Falconbridge is owned 50-50 by Noranda (TSE) and Trelleborg of Sweden.