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Providing coverage of Alaska and Northwest Canada's mineral industry
November 2017

Vol. 22, No. 46 Week of November 12, 2017

Mining News: Drilling at KSP taps high-grade zinc, gold

Colorado Resources Ltd. Nov. 6 reported high-grade gold intercepts as well as broad zone of gold, copper and zinc mineralization in seven distinct zones in the Inel-Khyber area of its KSP property in British Columbia’s Golden Triangle. The company completed 57 holes at Inel-Khyber, a 2,000- by 2,500-meter region that encompasses the V.G. Zone, Inel Ridge, Upper AK, Camp Porphyry and Khyber. "We continue to see high-grade gold results from the V.G and Khyber areas, a gold-copper porphyry system developing at the Camp Porphyry, and very interesting high-grade zinc intercept at AK,” said Colorado Resources President and CEO Adam Travis. Highlights from the first 10 holes drilled at V.G. include 1.4 meters of 1,670.5 grams per metric ton gold (previously reported) and 2 meters of 19.95 g/t gold in hole INDDH17-081; and 5 meters of 11.43 g/t gold in INDDH17-082. Results are pending from four additional holes drilled at V.G. This year’s drilling at Inel Ridge encountered both high-grade gold and broad zones of lower grade mineralization. Highlights from the first seven holes drilled at Inel Ridge include 2.6 meters of 31.59 g/t gold and 73 meters of 1.71 g/t gold in INDDH-055, a hole previously reported. Assays are pending from five additional holes drilled at Inel Ridge. Drilling at Upper AK encountered both gold and high-grade zinc. INDDH17-074 cut 26.9 meters of 1.34 g/t gold and trace zinc; and INDDH17-075 cut 10 meters of 0.96 g/t gold and 21.38 percent zinc. Highlights from six holes drilled at Camp Porphyry include 195.4 meters of 0.48 g/t gold and 0.11 percent copper in INDDH17-054, previously reported; and 265.2 meters of 0.28 g/t gold and 0.08 percent copper in INDDH17-089, drilled roughly 100 meters north of hole 54. Highlights from five holes drilled over a 1,000 meter stretch of the Khyber area include 20.4 meters of 1.87 g/t gold in KBDDH17-093; and 34 meters of 0.70 g/t gold in KBDDH17-097. Assays are pending from 24 holes drilled this year at KSP. “About half of these pending results are in the greater Inel area and the rest are from the Tami Zone located 5 kilometers to the east,” said Travis.

–SHANE LASLEY






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