NEWFOUNDLAND - Halifax-based BUCHANS RIVER reports that one of the definition holes drilled at the former Buchans mine returned a grade of 7.21% combined base metals over 44.73 metres. That intersection in the Lundberg zone assayed 4.85% Zn, 1.64% Pb, 0.72% Cu, 19.4 g/t Ag and 0.17 g/t Au. It was located about 40 metres south of the old headframe.
Results from two other holes are worth noting. One located 20 metres east of the western edge of the Lucky Strike glory hole returned 3.55% combined base metals over 51.00 metres. Another on the edge of the Asarco historical resource returned 1.83% combined base metals over 12.50 metres. Buchans river believes the area is underlain by a corridor of higher grade material trending southeast, where it remains open at depth below the old mill.
The former Buchans base metal mine is located 160 km southwest of Grand Falls where it operated between 1928 and 1984. The company's website is at www.BuchansRiver.ca.