Canadian Mining Journal

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COPPER-ZINC EXPLORATION NEWS Continuity, Grade Confirmed at Tulsequah Chief Project

ATLIN, British Columbia The drill program confirming continuity and grade continues at the Tulsequah Chief projec...


ATLIN, British Columbia The drill program confirming continuity and grade continues at the Tulsequah Chief project in the northwestern part of the province. The latest infill hole, No. TCU03080, intersected a thick, high-grade massive sulphide zone that is expected to increase the estimated resources of the existing deposit. The hole cut 37 m of zinc- and copper-rich mineralization that graded 1.70% Cu, 1.08% Pb, 5.29% Zn, 3.17 g/t Au, and 100.85 g/t Ag between 430.8 m and 467.8 m.

The project is 100%-owned by REDCORP VENTURES and operated by its wholly-owned subsidiary REDFERN RESOURCES. Measured and indicated resources have been estimated at 5.94 million tonnes grading 2.59 g/t Au, 107.41 g/t Ag, 1.42% Cu, 7.72% Zn, and 1.26% Pb. An additional 3.0 million tonnes having similar grades are classified as an inferred resource. In 1997, Redcorp completed a positive feasibility study that recommended development of a 2,466-tonne/day operation at a cost of $148 million. The Tulsequah Chief provincial Project Approval Certificate was received in December 2002.

Further information about the Tulsequah Chief project, including a longitudinal section showing hole locations, can be found at www.redfern.bc.ca or www.redcorp-ventures.com. A comprehensive PowerPoint presentation is also available.


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