L65 drill holes and various mineralized zones. (Credit: Pine Point Mining)
NORTHWEST TERRITORIES – Toronto’s Pine Point Mining (formerly Darnley Bay Resources) says drilling at the Pine Point zinc-lead property 65 km east of Hay River has expanded the potential size and grade of the L65 open pit deposit. The company has drilled 56 holes at the deposit, and former owners drilled a total of 29 holes.
The L56 deposit had the lowest grade of the 10 zones included in the Pine Point preliminary economic assessment of April 2017. The opportunity to grow the deposit in both grade and tonnage is encouraging, said president and CEO Jamie Levy.
Selected results from Pine Point’s recent drilling include:
- 15.64% zinc and 2.05% lead over 2.57 metres (all lengths are true widths);
- 20.60% zinc and 2.43% lead over 1.82 metre;
- 3.51% zinc and 0.47% lead over 16.44 metres;
- 4.47% zinc and 0.63% lead over 10.20 metres; and
- 8.09% zinc and 1.89% lead over 9.60 metres.
Mineralization at L65 remains open in several directions. A new resource estimate will be made for L65 before drilling resumes, probably next winter. The old estimate included a measured and indicated open pit resource 1.58 million tonnes averaging 1.95% zinc and 0.70% lead.
Complete drilling results are available at www.PinePointMining.com.