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Darnley Bay Resources Ltd.
Summary
| Project: | Pine Point Mine | |
|---|---|---|
| Deposit: | Pine Point Mine | |
| Location: | Canada | |
| Commodities: | Lead-Zinc-Germanium-Gallium | |
| Date: | 5/3/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 3-5-2017: Darnley Bay Resources Ltd. announces an Exploration/Drilling Update report for its Pine Point Mine deposit at the Pine Point Mine project. Drilling results incl. 50.5m @ 4.1% Pb, 9.03% Zn, 4.4g/t Ga, 16.9g/t Ge from 62.5m. Darnley Bay Resources | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Stanley Clemmer (Internal) | |
| ABSTRACT: | Darnley Bay Resources Limited (TSX.V: DBL) (the “Company” or “Darnley Bay”) is pleased to report initial assay results for the first hole of the winter 2017 drill program at the Pine Point Project near Hay River, Northwest Territories. The results have confirmed high grade zinc and lead mineralization with good continuity along with high grade gallium and germanium values. The drilling was conducted at the W85 deposit, which was included in the recently-reported Preliminary Economic Assesment (“PEA news release dated April 18, 2017”), and was done for the purpose of obtaining a metallurgical sample as part of the upcoming feasibility study. This drilling was the start of Darnley Bay’s $5 million exploration program for 2017. Initial drilling was slower than planned due to mechanical issues and an earlier spring breakup than normal. To date two holes have been completed. Drilling has resumed this week with a new contractor. A second drill will be added as soon as ground conditions improve after breakup. Exploration plans for 2017 include drilling to confirm and possibly expand known historical deposits which were not included in the recent PEA, testing undrilled geophysical anomalies, and drilling to obtain metallurgical samples in order to improve recoveries. | |
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