BRITISH COLUMBIA – Vancouver-based STIKINE GOLD has announced that diamond drill hole SD3 at the Sullivan Deeps project intersected a 0.4-m interval of laminated and semi-massive sulphides, comprised primarily of uneconomic pyrrhotite, at a depth of 2,659 m. The SD3 hole was terminated on April 6, 2007, in the Lower Aldridge formation at a total depth of 2,696 metres, in geology clearly identifiable as Sullivan footwall.
The Sullivan Deeps target has now been adequately tested, says the company, and it has no plans for further investigation.
The SD3 hole successfully reached its target depth and tested the centre of a sub-basin that also hosts the famous Sullivan deposit (which was a producing mine for over 100 years near Kimberley) and a large-scale geophysical conductor observed during downhole UTEM4 geophysics completed by the Stikine in late 2004 and by others in 1996. As pyrrhotite is highly conductive, the relatively thin sulphide intervals encountered in SD3 and in previous drill holes are believed to account for the geophysical anomaly, reported the company.
The Stikine website is at www.StikineGold.com.