QUEBEC – Benz Mining announced that it filed a NI 43-101 technical report titled “Technical Report and Mineral Resource Estimate on the Eastmain Mine Property, James Bay District, Quebec,” prepared by P&E Mining Consultants.
The Eastmain mine gold project is owned by Eastmain Resources but Benz entered into an option agreement to acquire a 100% interest in the past-producing operation.
According to Benz, the mineral resource estimate presented in the report states that total indicated mineral resource is of 899,000 tonnes at a grade of 8.19 g/t gold, 8 g/t silver and 0.13% copper while total inferred mineral resources are of 579,000 tonnes at a grade of 7.48 g/t gold, 8.2 g/t silver and 0.16% copper.
“P&E considers that the Eastmain mine property contains a significant precious metal and base metal mineral resources that are associated with a well defined mineralized trend,” the Vancouver-based miner said in a press release. “P&E considers that the property has potential for delineation of additional mineral resources and that further exploration is warranted.”
In the document, the consultancy firm recommended a $500,000 phase one exploration program that focuses, among other things, on target prioritization including reprocessing/remodelling of existing geophysical data, as well as investigation of airborne VLF anomalies and limited preliminary drilling on the NW, Hillhouse and Julian targets.
P&E also suggested a $2.8 million phase two exploration program that focuses on additional pulse TDEM for deeper penetration along the southeast mine trend; geology, prospecting, stripping and assays on any new EM targets defined by TDEM or anything else of interest; 2,500 metres of drilling of new EM targets and BHEM on any mineralized intersections and/or on mineralized holes from the first phase; and 5,000 metres of mineral resource expansion.
“Benz Exploration staff and management are reviewing the technical report recommendations and compiling results from the previous exploration programs along with historic work to define an appropriate work proposal for 2019-20 years,” the miner said in the media brief.
The 8,014-hectare Eastmain mine project is located within the Upper Eastmain River Greenstone Belt, approximately 320 kilometres north-northeast of Chibougamau and about 800 kilometres north of Montreal. The property consists of 152 mineral claims and one industrial lease permit.
This story first appeared on www.Mining.com.