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BMC (UK) Ltd.
Summary
| Project: | Wolf | |
|---|---|---|
| Deposit: | Wolf | |
| Location: | Canada | |
| Commodities: | Zinc-Lead-Silver | |
| Date: | 1/24/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-1-2017: BMC (UK) Ltd. announces a Resource Estimation report for its Wolf deposit at the Wolf project. Initial mineral resource estimate for the Wolf deposit. BMC (UK) Limited ("BMC" or the "Company"), the private UK-based resources development company | |
| Resources: | (Resource, Inf.): 3.0Mt @ 4.9% Zn, 1.4% Pb, 42g/t Ag at Wolf | |
| CP/QP: | [Resources]: Aaron Green (CSA Global Pty Ltd.) | |
| ABSTRACT: | BMC (UK) Limited ("BMC" or the "Company"), the private UK-based resources development company, today announces a preliminary Mineral Resource estimate for the Wolf property ("the property") held through its fully owned subsidiary BMC MINERALS (No. 1) LTD ("BMC Minerals"). The property is situated ~40 km west of its 100% owned Kudz Ze Kayah Project ("KZK") and east of Whitehorse in the Yukon Territory, Canada (figure 1). BMC Minerals acquired the Wolf property in July 2016. The property, comprising 18 Mineral Claims and covering 372 Ha, has been explored by a variety of companies since the 1950s. The property encompasses the Wolf polymetallic (Zn-Pb-Ag) volcanogenic massive sulphide ("VMS") deposit, discovered in 1996 and drilled over several seasons until 1998, after which exploration activity ceased. The historic drill intercepts delineate a higher grade 'keel' of Zn-Pb-Ag-rich massive sulphide (figure 4) that has a strike extent of ~125 m, a down-dip extent of ~400 m, and an average thickness of ~12 m. BMC has commenced a detailed evaluation of the available historic data, and the results of the evaluation will be used by BMC to plan future work including; First Nations and Yukon Territory. Government consultation, preparation of appropriate permitting applications and future exploration field activities such as diamond drilling, field mapping and downhole geophysical surveys. Further assessment work is planned to commence during the 2017 field season, with exploration activity requiring significant expenditure or management time to be planned around the outcome of the data assessment and the ABM mine development timetable at the Kudz Ze Kayah Project. | |
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