Operator

Benz Mining Corp.

Terms

1.0% NSR

Acquisition Date

2014 / Sep / 09

The Mel project is located in the Watson Lake Mining District in the Yukon Territory. Cambrian to Ordovician marine sediments and similar age volcanics host zinc-lead-barite mineralization on the property. Four sediment-hosted, zinc-rich zones have been identified: the Mel Main, Jeri, Jeri North, and Mel East zones.

The Mel Main zone has an Inferred Mineral Resource of 5.3 Mt grading 6.51% zinc, 1.86% lead, and 45.05% barite (5.00% ZnEq cut-off). This zone consists of course-grained sphalerite and galena disseminated throughout a mixture of mudstone, silica-carbonate and coarsely crystalline barite. A barite marketing study regarding potential production of barite from the property was completed by World Industrial Minerals Inc. in 2014. The study concluded that barite from the Mel project could likely be sold into the drilling products market in Western Canada and Alaska.

Benz has outlined a 14,000 metre drill program to test surface targets related to unexplored base-metal soil anomalies and trench results as well as to drill strike extensions of the Mel resource and upgrade the resource from the Inferred to the Measured and Indicated category.

Recent Activities

December 2017
Seven high-grade barite intersections were reported from the Mel main zone.

Novemeber 2017
Assay results from a nine hole exploration drill program were released including 27.8% zinc over 2.4 metres from 226.3 metres as well as 16.5% zinc and 4.3% lead over 0.9 metres from 295.5 metres.

Mel

 

Mel Royalty Map
Mel Royalty Map