For thousands of other reports visit RSC's Mineral Intellingence Map
Canadian Metals Inc.
Summary
| Project: | TV Tower | |
|---|---|---|
| Deposit: | TV Tower | |
| Location: | Canada | |
| Commodities: | Gold-Copper-Zinc-Cobalt | |
| Date: | 10/2/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 2-10-2018: Canadian Metals Inc. announces an Exploration/Drilling Update report for its TV Tower deposit at the TV Tower project. Drilling results incl. 2m @ 3.2% Zn . MONTRÉAL, Oct. 02, 2018 -- Canadian Metals Inc. (The “Corporation”) (CSE: CME) is pleas | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Claude Duplessis, Merouane Rachidi (Goldminds Geoservices Inc.) | |
| ABSTRACT: | MONTRÉAL, Oct. 02, 2018 -- Canadian Metals Inc. (The “Corporation”) (CSE: CME) is pleased to announce it has completed its summer 2018 diamond drilling campaign at its TV Tower property in New Brunswick. The company is pending additional drill assay results from the latest 4 holes (TV-18-15, TV-18-16, TV-18-17 & TV-18-18) as well as extension of a fifth hole TV-18- 14. The company has drilled an additional 789.5 meters in addition to the 744 meters announced in July for a total of 1533.5m in 18 holes. 13 out of the 18 holes have intersected disseminated, massive to semi-massive sulfide mineralization. The polymetallic grades as well as gold values are interesting and the mineralization with texture and associated grades suggest that what has been drilled so far would be on perimeter of the mineralized system. Initial interpretation of the sulfide mineralization by the QP based on the short holes and outcrop VMS surface contact suggested sub-horizontal sulfide lenses. The vertical hole 14 has been extended to 359m deep and has intersected sulfides (mainly: Pyrite, Arsenopyrite, Pyrrhotite, Sphalerite and Chalcopyrite) at various depth and the last deepest intersection of massive sulfides is from 303.5 to 307.8m and do not support the initially taught of a sub-horizontal single lens. Afterward the hole 15 was collared right on a geophysical target (provided by the latest airborne survey) to the north of the discovery. The hole was drilled down to 152m, it intersect disseminated sulfides and note as much massive zones as expected. Decision was made by CME field team to test directly on the showing with a vertical hole, trench needed to be backfilled prior to drilling right on the discovery. In the meantime a short hole TV-18-16 of 50.5m was drilled at 45 degrees southward east of TV-18-01 to extent near surface and has intersected as well sulfide mineralisation. The Hole TV-18-17 was then drilled sub-vertical right on the discovery down to 197m. The hole has intersected continuous mineralisation of massive, semi massive, and disseminated of various composition Po, Py and Cpy with zones of Sericitic Schist with quartz and bluish quartz eyes in schist. This hole has probably followed the sulfide main lens discovered at surface. Based on that finding another vertical hole was collared south of the TV-18-7 which intersected VMS lens approximately 20m west of the discovery. This last hole TV-18-18 drilled sub-vertical down to 200m intersected as well significant sulfide mineralisation showing the East -West trend of the main sulfide lens and extension at depth | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report