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Buchans Resources Ltd.
Summary
| Project: | Buchans | |
|---|---|---|
| Deposit: | Lundberg, Sandfill | |
| Location: | Canada | |
| Commodities: | Copper-Lead-Zinc-Silver-Gold | |
| Date: | 9/17/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 17-9-2018: Buchans Resources Ltd. announces an Exploration/Drilling Update report for its Lundberg, Sandfill deposit at the Buchans project. Drilling results incl. 15m @ 0.36% Cu, 0.87% Pb, 2.74% Zn, 22.25g/t Ag, 0.154g/t Au from 68m. Toronto, September 1 | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Paul moore (Internal) | |
| ABSTRACT: | Toronto, September 17, 2018 – Buchans Resources Limited (“Buchans” or the “Company”) announces additional results from its ongoing 7,000 metre drilling program at its base metal exploration projects in the Buchans area of central Newfoundland. To date, the Company has completed 24 holes (total 3,000 m) at Buchans in 2018, including drilling at the Lundberg deposit itself and at the Oriental East and the Sandfill prospects, both located less than 3 kilometres from the Lundberg deposit. These targets are being explored for additional nearby resources that could potentially be exploited with the proposed Lundberg open pit mine, either as additional development deposits or, potentially, stand-alone mines Drilling continues at Buchans with approximately 3,000 metres drilled to date in 24 holes with a second drill added to the Buchans project. Additional targets include the West Orebodies and Two-Level deposits near Lundberg, as well as other targets located up to 3.5 km from Lundberg, including the undeveloped Middle Branch prospect, a transported style sulphide prospect located approximately one kilometre further northeast and on trend of the Sandfill prospect. Drilling also continues on the Company’s Tulks North property with approximately 1,700 metres drilled to date in 3 holes at the Daniels deposit (assays pending). The Tulks North property is located 20 kilometres south of Buchans, where it hosts two massive sulphide deposits with National Instrument 43-101 compliant resource estimates (see Company’s website for details). Drilling is being undertaken at both the Daniels and Bobbys deposits to explore for larger accumulations of ore-grade massive sulphides down-plunge of these known deposits. The Company intends to utilize borehole electromagnetic geophysical surveys to complement its exploration efforts as these deposits. Assays and additional exploration results will be released when received and analysed. | |
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