Lorraine optionee drills 36.5 m of 3.89% Cu at StardustGood NEWS came out few hours ago.
2018-10-29 12:05 ET - News Release DRILLING INTO NEW SKARN EXTENSION RETURNS BEST EVER INTERCEPT AT THE STARDUST PROJECT
The drilling of Sun Metals Corp., which has the Stardust property under option from Lorraine Copper Corp., has resulted in the discovery of a new and high grade extension of the Canyon Creek Skarn zone on the Stardust project in north-central British Columbia. Sun Metals believes that the drilling is successfully tracking a major mineralizing fluid pathway into the heart of this high-grade system.
Diamond drill hole 18-SD-421 intersected 36.50 metres of mineralization, grading 3.89% copper, 4.47 grams per tonne (g/t) gold and 84.6 g/t silver (Table 1 ). This includes higher grade intervals of 5.55 metres grading 6.28% copper, 7.01 g/t gold and 202.1 g/t silver and a second interval of 6.80 metres grading 8.52% copper, 11.17 g/t gold and 162.0 g/t silver. Downhole from this intercept, drilling intersected another zone of skarn alteration with visible sulphide mineralization. Assays from the lower section of the mineralized skarn extension are pending.
Table 1. Tabulated results from DDH18-SD-421 Hole From (m)To (m)Length (m)Copper (%)Gold (g/t)Silver (g/t)Zinc (%)Copper Equivalent (%) (1) DDH18-SD-421539.80 576.3036.50 3.89 4.47 84.6 1.06 7.80 I ncl . 540.65 546.205.55 6.28 7.01 202.1 5.09 14.42 I ncl . 558.80 565.606.80 8.52 11.17 162.0 1.39 17.36
(1) Assumptions used in USD for the copper equivalent calculation were metal prices of $2.80/lb Cu, $1,200/oz Au, $15/oz Ag, $1.20/lb Zn and recovery is assumed to be 100% as no metallurgical data is available. The following equation was used to calculate copper equivalence: Copper Equivalent = Cu (%) + (Au (g/t) x 0.6252) + (Ag (g/t) x 0.007815) + (Zn (%) x 0.4286). T he drill hole intersections reported are not true widths, the true widths cannot be determined from the information currently available .
"We have intersected the strongest mineralization ever observed at Stardust and this drill hole is a game changer for the project and the district. We have crossed into a new area of mineralization that has not been tested previously. The mineralization is stronger and more pervasive providing support that we are moving in the right direction to find more of these longer intercepts of consistently higher-grade mineralization. The Canyon Creek Skarn zone is clearly open for expansion," said Steve Robertson, President and CEO, Sun Metals.