New Nadina Explorations Limited, a Canada based exploration company, recently completed one of their Silver Queen drill projects located on a property south of Houston B.C., near Owen Lake.
The company has been testing two new geophysical targets and previously intercepted a high silver grade vein in the Silver Queen drilling project, which confirmed that the high conductive geophysical anomaly contains sulfides in one of the drill holes.
The drill hole was drilled to a length of 816 metres, and was successfully intersected with the conductive geophysical anomaly where bornite, sphalerite, galena, and pyrargyrite were visually identified. This means that there is a potential for high grades of copper, zinc, lead, gold.
A total of 108 samples are expected to be completed and shipped away for assaying.
“Based on the visual observations, the company believes a 261 metre interval from 555 metres to 816 metres, including 132 metres where the mentioned minerals have been recognized is of interest,” stated the report.
The report stated that historically this deep seated target has not been drilled before except for in 1970, when a vertical hole drilled by Northgate was conducted.
New Nadina Explorations Limited’s work permit allows up to 50 drill sites located in the north-northeast, west, and southwest of the target.
Additional drilling of this deposit can be expedited from closer sites.
“We follow up on doing drilling on that target, but it needs a lot of drill holes to prove up that it is economically viable,” said Ellen Clements, manager of the program, for New Nadina Explorations Limited.
A second drill hole in the Silver Queen project has commenced and will target both the high grade silver veins.
According to the report, within this target area, two holes are planned, and depending on duration and funding available, an additional hole is anticipated.
Clements said that in the early 1970s, Bradina Mine operated in this area mining for copper, silver, gold, zinc and lead, and that there are still people that live in Houston that used to work there during those years.
“The significance of this discovery gives hope for a mine on this former past producer,” Clements.