CMC CONTRACTS DRILLING FIRM FOR THE SILVER HART PROJECT
CMC Metals contracts Ardor for Silver Hart drilling
2021-03-31 14:19 ET - News Release
Mr. John Bossio reports
CMC CONTRACTS DRILLING FIRM FOR THE SILVER HART PROJECT AND RECEIVES $666,250 FROM THE EXERCISE OF WARRANTS
CMC Metals Ltd. has signed a contract with Ardor Exploration Ltd., a drilling company based in Kelowna, British Columbia. The contract provides for a minimum of 5,000 meters of diamond drilling to be completed at the Silver Hart Project.
Modelling, including the integration of ground geophysical data with previous drilling and geochemical surveys, has resulted in the identification of several significant drill targets at Silver Hart. The targets consist of:
- Deeper drill targets within known mineralized areas in the Main Zone : Modelling has indicated that on average the current average drill extent is only to a depth of 60 meters. Geophysical data shows very good potential for the continuation of the high grade silver-lead-zinc vein mineralization at depths of up to 200 meters or more in these areas;
- Infill drilling within the Main Zone : Modelling and geophysics has indicated that there are several areas in the Main Zone that merit drilling and are yet to be investigated. Also, in the resource estimation process there were known mineralized portions of the existing veins that did not have sufficient drilling to be able to generate a resource estimate and/or generate continuity of the high-grade silver-lead-zinc veins;
- Highly anomalous new areas : Expansion of our exploration footprint at Silver Hart by over 400% in 2020 served to identify highly anomalous areas through geochemical and trenching methods that have now been further verified as being significantly prospective through ground geophysics;
- Areas with potential for Carbonate Replacement Deposits ("CRD") : the potential for CRD deposits has been known at Silver Hart for decades but there has never been a concerted exploration effort to target these deposit types. Silvertip, the only developed deposit in the Rancheria Silver District, is a CRD type deposit. An extensive belt of carbonate rocks exists in the north central part of the Silver Hart property and extends further southeast into the Blue Heaven claims for a strike length of over 6 kilometers and its close proximity to intrusive rocks and geophysical features within the belt have identified CRD targets at Silver Hart. CRD's are the world's primary sources for zinc+/-silver+/- lead mineralization and comprise of ore bodies that range from 0.5-20 million tonnes or more, typically come in clusters, and their high grade nature results in extremely profitable mines.
Should be interesting on the outcome of this project, they did so much work on the access roads with BC Transportation and with Stantec for bridge design for height trucks and equipment, one would think there is a bigger plan to unvail
Take care, Yesr of the Profit, Oilseeker