Operator

Blind Creek Resources Ltd.

Terms

2.0% NSR

Acquisition Date

2015 / Apr / 28

The Blende deposit is a strata-bound carbonate-hosted polymetallic deposit located on the Mackenzie Platform in the Yukon Territory. The mineralization is described as a structurally controlled, breccia-hosted system and has been traced over an eight km strike length and to a vertical range exceeding 700 metres. Zinc and lead mineralization occur in five main areas on the property including Far West, West, Central, East and Far East.

Blind Creek is evaluating the Blende project as a potential bulk tonnage, open-pit mine and the company is planning to conduct a drill program to extend the mineralization along strike and down dip to test open-pit extensions. More than 25,000 metres of diamond drilling has been completed on the property and the mineralization remains open along strike and at depth.

Metallurgical testing and sampling is underway as part of a Preliminary Economic Assessment to evaluate the project economics.

In June 2018, a Mineral Resource Estimate was released containing 3.7 Mt of Indicated Resource material grading 2.0% zinc, 2.0% lead, and 35.7 g/t silver (2.0% ZnEq cut-off). The Inferred Resource reported 33.0 Mt at 2.0% zinc, 1.9% lead and 32.0 g/t silver (2.0% ZnEq cut-off).

Recent Activities

June 2018
A NI 43-101 Resource Estimate Technical Report was filed for Blende. Blind Creek is evaluating the potential for a bulk tonnage, open-pit mine at Blende and intends to continue exploration and metallurgical test work and work towards a Preliminary Economic Assessment.

April 2018
Results from a four-month metallurgical test program were released demonstrating that Blende mineralogy responds well to standard process techniques.

Blende

 

Blende Royalty Map
Blende Royalty Map