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Meridius Resources Ltd.
Summary
| Project: | Bonneville | |
|---|---|---|
| Deposit: | Bonneville | |
| Location: | Canada | |
| Commodities: | Gold-Copper-Nickel-Zinc | |
| Date: | 7/10/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 10-7-2018: Meridius Resources Ltd. announces an Exploration/Drilling Update report for its Bonneville deposit at the Bonneville project. Drilling results incl. 2.0m @ 1.2% Cu, 9.5g/t Ag from 324.1m. Diamond drill hole BV-18-001 did not return significant | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Abby Peterson (Exploration Facilitation Unlimited Inc.) | |
| ABSTRACT: | Diamond drill hole BV-18-001 did not return significant gold or silver values. The hole was drilled through a thick package of mafic to intermediate lavas and tuffs with trace to nil sulfides associated with quartz-carbonate stringers and veinlets. Samples returned disappointing gold and silver values at or below detection limits. However, the hole did intersect an anomalous copper interval in the form of a 2.00m quartz vein from 324.10-326.10m with two 0.10-0.15m wide bands of semi-massive chalcopyrite and pyrrhotite. The vein graded 1.2% copper and 9.5gpt silver over a 2.0m interval, with up to 1.85% copper and 14.6 gpt silver over 0.60m from 325.50-326.10m. For location and details of this drill hole, see Table 1, below.” Mr. Dylan Sidoo, Chief Executive Officer commented, “The drill program has been terminated and we are reviewing the results to determine whether to conduct additional exploration on the property. Though disappointed with the drill hole result we are pleased to have garnered insight in a timely manner.” | |
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