Vancouver, BC.: CMC Metals Ltd. - (“the Company”) (TSX-V: CMB) is pleased to announce highly anomalous silver, lead, and zinc values from recent soil sampling in an extension of the previous grid on the South Zone at the Company’s 100% owned Silver Hart Project in Yukon, Canada.
Key highlights from recent soil sampling in the South Zone are as follows:
- From a total of 194 samples, 21 were anomalous in silver with three samples in excess of 3,000 ppb ranging from 3,127-10,914 ppb, 38 samples in excess of 1,000 ppb ranging from 1019- 2977 ppb and 28 samples in excess of 500 ppb;
- Nine (9) samples had anomalous values of silver >5,000ppb;
- All samples with values of >3000ppb silver were also anomalous in zinc and lead and a majority of the samples with values of >1000ppb-2,999ppb also had coincident anomalous values of lead and zinc;
- 65 samples were anomalous in Pb with values greater than 50 ppm and a highest value of 868.84 ppm;
- 81 samples were anomalous in zinc with values greater than 200 ppm and a highest value of 938.9 ppm;
- A significant anomalous area 350 meters by 175 meters that is open to the west, south and east has been identified in the southeastern corner of the South Zone;
- A significant anomalous area of strike length in excess of 600 meters by 75-100 meters and trending in a northeasterly direction (the typical direction of other vein structures at Silver Hart) was identified in the northwestern portion of the South Zone; and
- There is a strong correlation of anomalous manganese and iron values with anomalous silver, lead and zinc samples
(Note: anomalous levels were considered to be assays from soils collected with greater or equal to 500 ppb silver, 200 ppm zinc and 50 ppm lead.)
The South Zone remains open in all directions and now encompasses an area of 1km by 800 meters in size.
Kevin Brewer, P. Geo, President and CEO of the Company noted, “These are the most encouraging soil geochemical results in the history of exploration at Silver Hart. This last survey has served to identify an anomalous area greater in overall size than the Main Zone and therefore offers great potential to expand resources. The data signals the possibility for two major northeasterly trending anomalous areas that both extend for greater than 800 meters in strike and are a strong indicator for the presence of major vein and alteration zones. In addition, the extent and frequency of highly anomalous samples in the lower southeastern portion that remains open in all directions is yet to be fully determined and will merit a lot more exploration and prospecting in that area in 2021.”
John Bossio, Chairman noted, “Everywhere our geological team conducted sampling in 2020 resulted in the identification of new anomalous areas and potential new targets for silver and base metal mineralization. The extent of the target areas has vastly increased our exploration footprint at Silver Hart compared to the Main Zone which was the focus of exploration until 2019. This signals a clear opportunity to potentially add significant resources at Silver Hart.”
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