Stikine hits sulphides near Sullivan

Vancouver — Deep drilling by Stikine Gold (SKY-V) has intersected the sulphide horizon at the Sullivan Deeps project, near Kimberley, B.C.

The first hole cut five discrete bands of laminated and massive sulphides nearly 300 metres below the targeted depth. The hole ended at 2,766 metres in what is interpreted as Sullivan horizon footwall rocks. The sulphides were intersected over a 7.6-metre interval that began at a depth of 2,735 metres. The laminated and massive bands range from 0.27 to 0.98 metre wide and contain 15-90% sulphides, including pyrhotite, pyrite and sphalerite. Results are pending.

The company believed it intersected the western margin of a sedimentary-exhalative system that continues to the east and north of Hole 1. A down-hole ground electromagnetic survey will follow.

Stikine Gold acquired the Sullivan Deeps project a year ago and has an option to earn a half-interest in the Sullivan North claims from Teck Cominco (TEK-T).

Sullivan Deeps is near the Sullivan polymetallic mine, which closed in 2001 after operating for nearly a century. The former Sullivan mine stratigraphy hosted a sedimentary-exhalative style of sulphide mineralization. Sullivan Deeps is in a north-south-trending mineralized corridor that hosts three past-producing mines, including Stemwinder, North Star and Sullivan. The Sullivan mine and the mineralized corridor were offset by the east-west-trending Kimberley fault.