NEVADA & THE WESTERN STATES — Hecla returns to Sunset

Hecla Mining (HL-N) has begun its second drill program on the Sunset gold property owned by Cimarron Minerals (CIU-V) in Mineral Cty., Nev.

Hecla, which is earning a 65% interest in the property, completed its initial drill program on the property in March.

Results from that 5-hole campaign, which tested a part of the property known as the MaryAnn basin, included 10.7 metres grading 4.1 grams gold per tonne, plus 1.5 metres grading 22.3 grams gold and 46.3 grams silver. Gold is associated with quartz-sericite-pyrite alteration and quartz stockwork veining in andesites.

The first program did not work out as planned, the company said. Earlier holes were set up to drill from the east, across the north-striking structure. However, results indicated that the structure dips to the west.

The program also determined that a second mineralized fault exists parallel to the fault that once hosted the past-producing MaryAnn mine.

The latest reverse-circulation program (about 760 metres in all) will re-test portions of the MaryAnn Basin already drilled by Hecla, as well as surface gold mineralization at the past-producing Sunset mine.

To earn its interest, Hecla must spend US$3.5 million on exploration in four years, as well as make annual payments of US$90,000.

Print

Be the first to comment on "NEVADA & THE WESTERN STATES — Hecla returns to Sunset"

Leave a comment

Your email address will not be published.


*


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close