New Pacific Metals has proclaimed the assay results of the initial step out hole, Raca11-01, at Tagish Lake gold-silver property’s Raca region in Yukon. The location of Raca area is along Skukum Creek deposit’s northeast structural expansion.
The company conducts the surface drilling program at Raca area to examine the expansion of the recognized historical drilling, wherein the drill hole, Raca 97-1, has intersected 2.66 g/t gold and 561 g/t silver over 3.6 m to analyze at least four analogous mineralized formations mapped by the geologists of the company.
The company has identified three mineralized zones in the drill-hole Raca11-01. The first zone is a new mineralized zone and yielded 1280 g/t silver, 1.91 g/t gold, 3.38% zinc, 0.62% copper and 3.84% lead over 1.58 m. Sulphides stockwork veining containing galena, sphalerite and pyrite, that occurs in the altered andesite, differentiates the mineralization. The company has intersected 347 g/t silver, 1.92 g/t gold, 0.33% zinc and 0.33% lead over 3.0 m in the second zone and 248 g/t silver, 1.06 g/t gold, 0.86% zinc and 0.32% lead over 0.66 m in the third zone. The second and third zone mineralization are distinguished by brecciated quartz sulphide layers in the shear zones that is extended along the foot walls and hangings of a rhyolite dyke, which has encroached around extremely distorted megacrystic K-feldspar granite.
The CEO of the company has commented that the team is delighted that three dynamic drill rigs are active at Tagish Lake. It will cut Raca’s new and high-grade silver zone with this primary hole. The company expects current drilling results for many months and is waiting to extend and additionally outline the silver and gold mineralization at Tagish Lake.
Now, the Raca & Chieftain Hill regions are drilled by one surface rig, the Goddell area is drilled by a second surface rig and an underground rig is functioning at the Skukum Creek underground tunnel.
Diamond saw cut the drill core into halves and the half core samples were sent to the Stewart Group’s lab for the preparation. These samples are tested at Stewart Group’s assay lab in Kamloops, BC.
Source: http://www.newpacificmetals.com/