ELSA, Yukon The old Keno Hill silver-lead-zinc property is the target of interest for new owner NEVADA PACIFIC GOLD of Vancouver. It purchased the property in February for the bargain basement price of $3.6 million from a group of secured creditors.
Keno Hill is under-explored and has the potential for more production, believes Nevada Pacific. A 1996 engineering study put measured and indicated resources at 747,596 tons with 30.13 opt Ag, 5.08% Pb and 4.05% Zn. Another 209,196 tons is inferred at 28.94 opt Ag, 5.92% Pb and 7.28% Zn.
The company hopes that additional exploration on the property will lead to further discovery of significant silver resources that will contribute to the project's future development potential. Most deposits at Keno Hill have not been mined below 500 ft depth, even though the favourable quartzite horizon is 3,000-ft-thick. For readers with long memories, Keno Hill production formerly came from the Hector, Calumet, Galkeno, Ruby, Birmingham, Elsa complex, Husky, Southwest Husky, Silver King, and Belkeno mines. There may yet be 22 million oz of silver in the ground.
For more information on Keno Hill and Nevada Pacific's gold projects in Nevada and Arizona, see www.nevadapacificgold.com.