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Dundee Precious Metals Inc.
Summary
| Project: | Chelopech | |
|---|---|---|
| Deposit: | Zone 153 | |
| Location: | Bulgaria | |
| Commodities: | Gold-Copper | |
| Date: | 12/20/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 20-12-2016: Dundee Precious Metals Inc. announces an Exploration/Drilling Update report for its Zone 153 deposit at the Chelopech project. Drilling results incl. 84.0m @ 13.58g/t Au, 2.87% Cu from 150.0m. Toronto, December 20, 2016 – Dundee Precious Metal | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Richard Gosse (Internal) | |
| ABSTRACT: | Toronto, December 20, 2016 – Dundee Precious Metals Inc. (TSX: DPM) (“DPM” or “the Company”) is pleased to announce the discovery of a new zone of high grade copper and gold mineralization at its Chelopech mine in Bulgaria. The new zone, called Zone 153, is located near existing infrastructure in the upper levels of the mine’s Western Area. This zone was discovered as part of the ongoing ‘Upper Levels’ resource development drill program. True widths are interpreted to be 70% to 85% of intercept lengths. Details are shown in Table 1. Assay results from two other drill holes, EXT150_440_07 and EXT150_440_08, drilled along strike and down dip of hole EXT150_440_06, respectively, are expected during the first week of January 2017. “We are pleased to announce the discovery of a new high grade zone at Chelopech. This is significant because of the potential to add high grade resources accessible near our existing development,” said Rick Howes, President and CEO. “Further work will be required to determine the full extent of this new zone and to assess the impact it will have on the Chelopech life of mine plan. This discovery illustrates the continued success of our in-mine exploration program and the potential that still exists to enhance and extend the life of the Chelopech mine.” | |
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