Firetail Resources’ review has found overlooked sulphide zones adjacent to high-grade ore zones. Pic: Getty Images
Firetail Resources spots overlooked sulphide zones at York Harbour
Mining
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- Firetail Resources has identified previously overlooked zones of semi-massive, stringer and disseminated sulphide mineralisation
- These zones are adjacent to high-grade ore zones and will provide insights into the extents and controls of York Harbour’s mineralised system
- Additional permits have also been granted that expands the footprint for a more extensive drill program this year
Special Report: Firetail Resources’ initial foray into the York Harbour copper-zinc-silver project in Newfoundland, Canada, is already paying off with the identification of some early opportunities.
The company, which is carrying out site works to support the upcoming drill program, noted that an extensive review of drilling by previous owners had identified multiple zones of semi-massive, stringer and disseminated sulphide mineralisation adjacent to high-grade ore zones that had been overlooked in previous sampling campaigns.
Firetail Resources (ASX:FTL) has identified eight holes with at least 250m of unsampled drill core for reprocessing and analysis in the belief that they have high potential to provide valuable information on the extents and controls of the York Harbour mineralised system.
Additionally, the company has been granted permits to support the maiden drill program and geophysical surveys at the project.
This expands on the existing permitted area and gives it a significantly expanded footprint for a more extensive drill program this year across multiple opportunities to extend the known mineralised zones previously identified at York Harbour along strike, and at depth.
“The information from the current re-logging project has uncovered a number of significant resampling opportunities, as we begin to understand the incredible potential of this exciting project,” chief executive officer Glenn Poole said.
“We are sending core previously not analysed, in some instances adjacent to high-grade ore zones, to the lab to ensure we have all of the potentially mineralised zones assayed. We are seeing historical holes ending in mineralisation, and in some cases, before the interpreted target horizon was intercepted.
“The resampling exercise is assisting with final preparations for the drill program, which is set to commence in the coming weeks. Further to this, Firetail is undertaking the first property-wide EM survey, which will provide us with a better understanding of the controls on mineralisation and potentially identify further targets across the wider project.”
He added that the additional permitting will help support a more extensive drilling campaign planned to commence shortly.
York Harbour and planned drilling
The York Harbour project is a ‘Cyprus-type’ volcanogenic massive sulphide (VMS) copper exploration project across 47km2 of highly prospective geology and is the subject of a binding option agreement for FTL to acquire an 80% stake via a staged earn-in.
It hosts the historical, high-grade York Harbour copper mine, which was discovered in 1897 and produced 100,000t of ore from underground, with grades of between 3-12% copper, 7% zinc and 1-3oz/t silver, and has 11 identified and partially drill-tested VMS deposits – the A through K Zones.
The project sits in a richly endowed area with notable examples including FireFly Metals’ (ASX:FFM) Green Bay copper project and Little Deer copper-gold complex, Calibre Mining’s (TSX:CXB) Valentine and AuMEGA Metals’ (ASX:AAM) gold projects.
FTL’s property-wide Heli-EM survey at a 75m spacing is aimed at highlighting targets for upcoming field reconnaissance mapping and further drilling campaigns along with the existing targets and others that remain open at depth and along strike to be tested in the upcoming drill campaign, which will begin in weeks.
This article was developed in collaboration with Firetail Resources, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
