The intercepts are located to the east of previously reported high-grade silver results in drill holes SQ21-032 to -036, confirming continuity of mineralization down dip and along strike in four of the modeled vein zones. Mineralization is also open and untested to the west and projects eastward into previously identified vein intercepts and farther east into the Sveinson Vein target.
New highlight intercepts include: In drill hole SQ21-049: a 0.3 metre interval grading 3,235g/t Ag, 0.6% Pb and 2.3% Zn (3,349g/t AgEq) within a 1.3 metre interval averaging 853g/t Ag, 0.2% Pb and 0.8% Zn (900g/t AgEq); In drill hole SQ21-040: a 0.9 metre interval grading 1,391g/t Ag, 0.15g/t Cu, 0.1% Pb and 0.6% Zn (1,440g/t AgEq) within a 4.5 metre interval averaging 581g/t Ag, 0.5% Pb and 1.5% Zn (663g/t AgEq) and In drill hole SQ21-041: a 2.7 metre interval averaging 118g/t Ag, 0.4% Pb and 2.9% Zn (268g/t AgEq).
Intercepts in drill hole SQ21-049 have established continuity in three of the modelled veins down-dip and adjacent to drill holes SQ21-033 (previously reported 2.1m averaging 537g/t AgEq) and SQ21-034 (previously reported 3.7m averaging 1148g/t AgEq), while drill hole SQ21-040 is a deeper step-out, approximately 50 metres to the east of SQ21-049, and helps define continuity of several veins to up to 165 metres below surface.
A total of 63 drill holes for 19,645 metres in five successive phases of exploration drilling starting in late 2020 has now been completed by
About
The Silver Queen Property consists of 45 mineral claims, 17 crown grants, and two surface crown grants totalling 18,852ha with no underlying royalties. Mineralization is hosted by a series of epithermal veins distributed over a 6 sq km area. Most of the existing resource is hosted by the No. 3 Vein, which is traced by drilling for approximately 1.2km and to the southeast transitions into the NG-3 Vein close to the buried Itsit copper-molybdenum porphyry.
An initial NI43-101 Mineral Resource Estimate was detailed in a News Release issued on
More than 20 different veins have been identified on the property, forming an extensive network of zoned Cretaceous- to Tertiary-age epithermal veins. The property remains largely under explored.
About
The Company owns 100% interest, with no underlying royalty, in the Silver Queen project, located along the Skeena Arch in the Omineca Mining Division,
Contact:
Tel: 604.641.2759
Email: ir@mnxltd.com
This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions.
(C) 2022 Electronic News Publishing, source