Readers thinking that the word bonanza is only used with gold exploration, havent looked at some of the recent base metal results reported by Canadian companies in the past week.
FULL METAL MINERALS of Vancouver intersected 44.6 metres of 15.9% Zn, 4.5% Pb and 76.6 g/t Ag at its 40 Mile project. Within that core was a 20.1-metre section that grades 19.7% Zn, 9.4% Pb and 159.4 g/t Ag. The 40 Mile project lies in Alaska near the town of Chicken near the border with Yukon Territory. Photos of drill core from the project at posted at www.FullMetalMinerals.com.
Vancouvers LUNDIN MINING has committed a significant part of its 2007 exploration budget to increase copper and zinc resources of the Lombador deposit near the Neves-Corvo mine in Portugal. The companys efforts have been rewarded with a best intersection of 8.5% Zn over a true width of 53 metres, including a true width of 27 metres that assayed 11.07% Zn. The sustainability report covering the Neves-Corvo operation is available at www.LundinMining.com.
Grades are not that high at the Potter property belonging to MILLSTREAM MINES of Toronto, but they still deserve note. Drill core hole No.8 assayed 3.51% Cu, 3.44% Zn, 0.042% Co and 21.25 g/t Ag over 23.8 metres. It was part of a longer intersection of 31.5 metres that assayed 2.75% Cu, 2.89% Zn, 09.36% Co and 18.16 g/t Ag. The Potter prospect, near Matheson, Ont., lies in the Abitibi Greenstone Belt. The Potter coreshack may be viewed at www.MillstreamMines.com.
In Mexico, Vancouvers SCORPIO MINING is getting promising grades from the drill program at its Nuestra Senora project in Mexico. The satellite Santa Teresa deposit tested 116 g/t Ag, 5.30% Zn, 0.28% Cu, 3.44% Pb and 0.207 g/t Au over 16.50 metres. Then, following a barren intersection of approximately 25 metres, the same hole returned 132 g/t Ag, 0.199 g/t Au, 0.36% Cu, 3.02% Pb and 3.61% Zn over 14.70 metres. Mining in the area dates back to the 17th Century; learn more at www.ScorpioMining.com.