TORONTO (miningweekly.com) – Nevada Zinc has drilled its best hole yet at its flagship Lone Mountain property, proving that zinc mineralisation at the Discovery zone continued both down-dip and near-surface.
The zinc explorer advised this week that drill hole LM-15-27, part of the first results released from its current Phase 3 drilling programme, intersected significant high-grade zinc and lead mineralisation, averaging 9.58% zinc and 0.74% lead (10.32% combined zinc/lead) over a 118.87 m interval.
The highest-grade interval in hole LM-15-27 assayed 27.82% zinc and 1.25% lead (29.07% combine zinc/lead) over 15.24 m.
This hole was the deepest released to date on the Northwest section, while the Discovery zone remained open to expansion down-dip from this location and to the north-west at this depth.
"Hole 27 is Nevada Zinc's best hole to date and its 118 m intersection is truly exceptional; it really demonstrates that this zone has both size potential and excellent grades. Most importantly, the extension of this portion of the mineralised zone remains completely untested,” president and CEO Bruce Durham said this week.
Nevada Zinc noted that the drill holes reported to date consistently defined an area of mineralisation intersected over a 150 m strike length, over a dip length of nearly 250 m, averaging about 40 m.
Other areas of mineralisation had been intersected outside the Discovery zone, including in holes LM-14-16, 17, 18 and LM-15-28.