Plans are underway for a diamond drill program at the Silver Eagle Mining Lease, in the Silver Centre area of the Cobalt Mining Camp. The program will consist of up to 6 drill holes, for a total of 1000m.
The Silver Eagle Mining Lease is located in the heart of the prolific Silver Centre area, immediately south of First Cobalt’s Keeley-Frontier mine.
Historic mining operations at the adjacent Wettlaufer Mine cut across the NW corner of the lease, mining approximately 8000 oz of silver by 1918 from the180ft and 230ft levels of the mine.
The mine operations cut approximately 20 ft (6 m) of the Silver Eagle lease.
Targets will be developed from the field mapping and sampling program that is currently underway.
Drilling will commence immediately upon receipt of an approved Exploration Permit from the Ontario Ministry of Northern Development and Mines.
Silver Eagle Mining Lease
The project area is underlain by Archean Keewatin volcanic rocks including intermediate to mafic metavolcanics and pillow lavas. The volcanics lie above the upper contact of the Nipissing diabase. In places the contact appears to be fault controlled, with a prominent NW-trending fault cutting the ENE-trending Wettlaufer fault within the lease boundaries. The mineralized vein is calcite-filled, up to 6 inches (15 cm) wide, trends ENE and is subvertical. The reported grade from mining at the Wettlaufer is 293 oz/T Ag (10,069 g/t) and 1.36% Co (Mineral Deposit Inventory for Ontario MDI31M03NW00012).