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Pine Point Mining Ltd.
Summary
| Project: | Pine Point Mine | |
|---|---|---|
| Deposit: | L65 | |
| Location: | Canada | |
| Commodities: | Lead-Zinc-Germanium-Gallium | |
| Date: | 8/10/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 10-8-2017: Pine Point Mining Ltd. announces an Exploration/Drilling Update report for its L65 deposit at the Pine Point Mine project. Drilling results incl. 9.6m @ 1.89% Pb, 8.09% Zn from 66.45m. Toronto, Ontario – August 10, 2017 – Pine Point Mining Limi | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Stanley Clemmer (Internal) | |
| ABSTRACT: | Toronto, Ontario – August 10, 2017 – Pine Point Mining Limited (TSXV: ZINC) (the “Company”) is pleased to announce that the portion of exploration designed to expand the existing resource at the L65 open pit deposit at its Pine Point project in the Northwest Territories has significantly expanded the potential size and grade of the deposit. A total of 56 holes for a total of 5,906 metres have been drilled at L65 so far in 2017, in addition to the 29 holes previously drilled by former operators Cominco and Tamerlane. “It is encouraging that the drilling to date at L65 has intersected grades well above the average grade of the deposit while at the same time expanding the size significantly. L65 had the lowest grade of the 10 deposits included in our Preliminary Economic Assessment released in April, and these higher assays in the western zone should help with the economics of the project” says Jamie Levy, President and Chief Executive Officer of the Company. ”It should be noted that L65 is just the first of several deposits which have the potential for expansion.” Assays have been received for the first 38 drill holes. Several L65 holes have intersected significant mineralization as listed in Table 1 and a complete listing of all assays received to date is attached | |
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