For thousands of other reports visit RSC's Mineral Intellingence Map
Taseko Mines Ltd.
Summary
| Project: | Gibraltar Mine | |
|---|---|---|
| Deposit: | Gibraltar Mine | |
| Location: | Canada | |
| Commodities: | Copper-Gold-Silver-Molybdenum | |
| Date: | 9/20/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 20-9-2016: Taseko Mines Ltd. announces an Exploration/Drilling Update report for its Gibraltar Mine deposit at the Gibraltar Mine project. Drilling results incl. 155.4m @ 0.38% Cu, 0.04g/t Au, 1.5g/t Ag, 0.0006% Mo from 175.9m. September 20, 2016, Vancouv | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Scott Jones (Internal) | |
| ABSTRACT: | September 20, 2016, Vancouver, BC – Taseko Mines Limited (TSX: TKO; NYSE MKT: TGB) (“Taseko” or the "Company") is pleased to announce the discovery of a new high grade copper zone northwest of the perimeter of the Extension Pit at Gibraltar. Diamond Drill Hole (DDH) 2015‐001 was drilled to a depth of 2,500 feet and intersected varying copper grades over 1,120 feet including selected intervals totaling 240 feet averaging 0.68% copper equivalent inside an interval of 510 feet averaging 0.42% copper equivalent (see table for intersection details). DDH 2015‐001 was drilled to test the total thickness of mineralization presented by three drill holes drilled in 1992. There is evidence which indicates that Gibraltar has a large, high‐grade core that remains to be discovered, to the northwest and at reasonable depth. The three holes illustrated in the table below all terminated in mineralization at a depth of between 800 and 900 feet. None of the core was assayed for gold at that time. Russell Hallbauer, President and CEO of Taseko, stated, "We are extremely excited about the grades and intersection widths we have encountered in this most recent drill hole. The new geological information gained was an important consideration for our recently announced purchase of adjacent mineral claims.” “Not only do copper grades appear to be dramatically increasing towards the northwest, and at depth, the historical drill holes were never assayed for gold. With gold and silver replacing molybdenum in the mineralized zones, the copper equivalent grade will increase, compared to that of our current resources and reserves.” | |
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