Vancouver — Drilling by
The northern portion of the Northeast zone continues to deliver significant copper-mineralized intercepts. Highlights from drilling include the following:
— hole 133 — 245 metres (from 220 metres) grading 0.87% copper plus 0.33 gram gold and 5.3 grams silver per tonne, including a 148-metre interval of 1.21% copper, 0.34 gram gold and 7.2 grams silver, and an even higher-grade portion averaging 1.71% copper, 0.93 gram gold and 11.4 grams silver over 19 metres;
— hole 138 — 135 metres (from 220 metres) of 1.03% copper, 0.16 gram gold and 6.4 grams silver, including 19 metres of 1.98% copper, 0.23 gram gold and 11.2 grams silver;
— hole 158 — 127 metres (from 213 metres) grading 0.55% copper, 0.2 gram gold and 3.1 grams silver, including several narrower, high-grade intercepts farther down-hole, such as 5 metres of 2.78% copper, 1.5 grams gold and 18.8 grams silver, 8 metres of 3.57% copper, 2.4 grams gold and 23 grams silver, and 10.6 metres of 5.43% copper, 3.1 grams gold and 30.2 grams silver — the highest-grade encountered.
More than 158 holes have been completed on the Northeast zone, and three rigs continue to test and delineate the lateral and depth extents of the deposit and the modeled Wight pit. Recent drilling has seen portions of the proposed pit, previously classified as waste rock, return significant copper values.
The Mount Polley feasibility study and reactivation plan has outlined 40.7 million tonnes of proven and probable reserves grading 0.43% copper and 0.31 grams gold. The projected mine life is just over six years.
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