MANITOBA - Given current strong metals prices, there may yet again be mining at the former Ruttan mine near Leaf Rapids, according to KRIA RESOURCES of Toronto.
Two areas are of particular interest: the West anomaly and the NW zinc zone. Promising intersections from the West anomaly are reported as 6.65 metres at 5.71% Zn and 0.70% Cu, 19.1 metres at 6.16% Zn and 0.41% Cu, and 16.0 metres at 5.60% Zn and 0.36% Cu. Results from the HW zinc zone included 9.9 metres at 3.39% Zn and 0.17% Cu. Complete recent assay results are available on the company's website in the news release dated June 6, 2008.
The Ruttan mine opened in 1973 and produced ore for the next 29 years. Historical production has been reported to be approximately 55 million tonnes grading 1.41% Zn and 1.23% Cu. The initial NI 43-101-compliant mineral resource estimate gives inferred resources of 17.15 million tonnes grading 1.60% Zn and 1.23% Cu using a 1.0% capped copper equivalent cutoff grade. This estimate does not include the most recent assay results.
Kria Resources is a private base metal exploration company focused on northern Manitoba. It is acquiring a 100% interest in the former Ruttan mine and a 60% interest in the Minago River project. The company hopes to make an IPO this year. (www.KriaResources.com)
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