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Selkirk Copper (TSXV: SCMI) continues to see success from an ongoing 50,000 metre drill campaign being conducted at their flagship Minto Mine property in Canada’s Yukon. The company this morning released the latest assay results from the program, which have continued to expand the footprint of known mineralization.
Highlights from the results include:
- 25SCM017: 0.94% copper, 0.52 g/t gold, 4.60 g/t silver over 23.4 metres from a depth of 213.5 metres
- Including 2.21% copper, 1.54 g/t gold, 11.37 g/t silver (3.45% copper equivalent) over 5.0 metres
- 25SCM017: 1.21% copper, 0.86 g/t gold, 5.66 g/t silver over 20.0 metres from a depth of 246 metres
- Including 1.98% copper, 0.95 g/t gold, 9.76 g/t silver (2.77% copper equivalent) over 9.0 metres
- 25SCM019: 1.02% copper, 0.47 g/t gold, 5.56 g/t silver over 17.5 metres from a depth of 223 metres
- Including 1.73% copper, 0.58 g/t gold, 9.5 g/t silver (2.24% copper equivalent) over 6.7 metres
The latest assay results come from the Minto North and Ridgetop zones. At Minto North, hole 25SCM017 represented a 60 metre step out from historical drilling to the south, hitting a zones of mineralization measuring 52.5 metres thick. While hole 25SCM026 stepped out 65 metres to the north, hitting an interval 55.6 metres thick.
READ: Selkirk Copper Drills 4.96% Copper Over 9.9 Metres At Minto
Drilling at Ridgetop meanwhile was focused on an under-drilled portion of the current resource, found between the shallow western pit and a higher grade deeper zone to the east. Two holes here hit moderate to low-grade mineralization connected to a stacked mineralized lens model, while both intersected a deeper previously unmodeled zone. That zone intersected 1.05% copper equivalent over 12.35 metres in hole 25SCM016, and 0.97% copper equivalent over 12.0 metres in hole 25SCM018. Targeting here is to remain a priority as engineering studies are advanced.
“New assay results from our 50,000 m planned drill program continue to reinforce our view that the Minto North west zone has meaningful expansion potential and that mineralization in the Ridgetop zone is of the grade and thickness we anticipated,” commented Colin Joudrie, CEO of Selkirk Copper.
WATCH: When A Shut-Down Mine Starts Making Sense Again | Selkirk Copper
To date, the current program has seen a total of 32,026 metres of drilling conducted across 121 holes in aggregate before pausing operations for the holiday break. Drilling is set to resume January 23, with four drill rigs expected to be turning before the end of the month.
Selkirk Copper last traded at $0.71 on the TSX Venture.
FULL DISCLOSURE: Selkirk Copper is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Selkirk Copper. The author has been compensated to cover Selkirk Copper on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.
