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Buchans Resources Ltd.
Summary
| Project: | Tulks North | |
|---|---|---|
| Deposit: | Bobbys, Daniels | |
| Location: | Canada | |
| Commodities: | Copper-Lead-Zinc-Silver-Gold | |
| Date: | 12/20/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-12-2018: Buchans Resources Ltd. announces an Exploration/Drilling Update report for its Bobbys, Daniels deposit at the Tulks North project. Drilling results incl. 19.00m @ 0.34% Cu, 0.07% Pb, 0.49% Zn, 8.04g/t Ag, 0.093g/t Au from 243.00m. Toronto, Dec | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Paul Moore (Internal) | |
| ABSTRACT: | Toronto, December 20, 2018 – Buchans Resources Limited (“Buchans” or the “Company”) is pleased to announce drilling results from its 2018 drilling programs on the Bobbys deposit and on the Daniels deposit at its Tulks North property in central Newfoundland. The Tulks North property is located approximately 20 km south of the town of Buchans on the south side of Red Indian Lake and is the location of a separate exploration program from the 2018 drilling at the Lundberg deposit and other nearby VMS targets in the immediate Buchans area. These two massive sulphide deposits on the Tulks North property host existing NI 43-101 compliant resource estimates and are owned 100% by Buchans. The 2018 drill programs included three holes drilled down plunge below the Daniels deposit and two holes drilled below the Bobbys deposit, for a total of ~2,800 metres. Drilling at the Bobbys deposit extended semi-massive to massive sulphide mineralization down plunge to a vertical depth of 475 m, where one hole averaged 17.02% combined base metals over 0.85 m, and the lens remains open at depth, while the 2018 drilling at the Daniels deposit extended mineralization below the known resource to vertical depths of 472 m. | |
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