NEWFOUNDLAND - The infill drilling program at the Daniels Pond deposit has returned 12.02 metres of 4.37% Zn, 2.83% Pb, 0.38% Cu, 1.98 g/t Au and 100.4 g/t Ag for operator ROYAL ROADS CORP. of Halifax. Infill drilling on the Southwest Lobe will be used to produce a new NI43-101-compliant resource estimate.
The Daniels Pond deposit is currently estimated to host an inferred resource at a 2% Zn cut-off of 1.69 million tonnes grading 8.37% Zn, 4.4% Pb, 0.57% Cu, 196.9 g/t Ag and 0.68 g/t Au. The bulk of these resources occurs within 150 metres of surface in two lobes of mineralization, the weaker mineralized Northeast Lobe and the stronger mineralized Southwest Lobe, respectively, says the company. These lobes dip steeply to the northeast and have a combined strike length of 1,100 metres. Potential to expand resources at Daniels Pond exist both at depth and along strike of both lobes.
The Daniels Pond deposit is located on the Tulks North property 160 km southwest of Grand Falls and a few kilometres west of the Duck Pond mine. Daniels Pond is a volcanogenic massive sulphide occurrence. Details are available at www.RoyalRoadsCorp.ca.
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