For thousands of other reports visit RSC's Mineral Intellingence Map
Pistol Bay Mining Inc.
Summary
| Project: | Confederation Lake | |
|---|---|---|
| Deposit: | Arrow Zone | |
| Location: | Canada | |
| Commodities: | Copper-Zinc-Silver-Gold | |
| Date: | 5/2/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-5-2018: Pistol Bay Mining Inc. announces an Exploration/Drilling Update report for its Arrow Zone deposit at the Confederation Lake project. Drilling results incl. 12.85m @ 5.15% ZnEq from 422.95m. Vancouver, B.C. – May 02, 2018: Pistol Bay Mining Inc. | |
| Resources: | (Resource, Inf.): 2.1Mt @ 5.78% Zn, 0.72% Cu, 0.60g/t Au, 19.5g/t Ag at Arrow Zone | |
| CP/QP: | [Overall Report]: Colin Bowdidge (Not stated) | |
| ABSTRACT: | Vancouver, B.C. – May 02, 2018: Pistol Bay Mining Inc. (TSX-V - PST; Frankfurt - OQS2, OTC/Pink Sheet symbol SLTFF) (“Pistol Bay” or the “Company’) is pleased to provide an update with assays on its 3,500- metre diamond drilling program on its Confederation Lake property in northwestern Ontario. Charles Desjardins, CEO of Pistol Bay Mining Inc. (TSX-V: PST) is pleased to announce that the Company has completed three diamond drill holes totaling 1,525 metres on the Arrow Zone, as the first phase of its 2018 winter-spring drill program on its 100% optioned Confederation Lake property in northwestern Ontario. The property, which now covers approximately 15,000 hectares (37,000 acres) covers numerous zinc-copper (-gold-silver-lead) occurrences, zones and deposits of VMS (volcanogenic massive sulphide) type. Assays have been received for the central part of the mineralized intersection in hole GL18-02, which averaged 3.82% zinc, 0.50% copper, 0.15% lead, 27.3 grams/tonne (g/t) silver and 0.71 g/t gold over a core length of 9.80 metres (estimated true width 6.9 metres). Drill holes GL18-01 and GL18-02 were drilled into the middle of the Arrow Zone to fill in parts of the zone with additional data points. In combination with pinpointing collars by differential GPS and measuring collar azimuths of historical drill holes, this will make the drill database for the Arrow Zone more complete and more accurate. In 2017, a 43-101 resources estimate was made for the Arrow Zone: an Inferred Mineral Resource of 2,100,000 tonnes averaging 5.78% Zn, 0.72% Cu, 0.60 g/t Au and 19.5 g/t Ag. By improving the reliability of survey data for historical holes and including new drill holes, the Company hopes to be able to upgrade part or all of the Inferred Mineral Resource into the Indicated category. | |
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