Benz is incomes a 100% curiosity within the Eastmain mine from Fury Gold Mines (TSX: FURY; NYSE: FURY), a spinout of Auryn (TSX: AUG) after that firm acquired Eastmain Assets final yr.
The Eastmain deposit was found by Placer Growth in 1969 and put into manufacturing on a small scale from 1990 to 1995. Mining was suspended as a result of sagging gold worth. Underneath Quebec’s Plan Nord, a highway to the mine web site was accomplished in 2016, and curiosity revived within the property culminating in Benz’ choice in 2019.
This yr’s drilling program is 50,000 metres to observe up on suggestions within the 43-101 commissioned by Benz in 2019. On the time, 899,000 indicated tonnes grading 8.19 g/t gold, 8.0 g/t silver, and 0.13% copper in addition to 579,000 inferred tonnes grading 7.48 g/t gold, 8.2 g/t silver and 0.16% copper had been estimated.
The North West zone is being drilled for the primary time. A few of the highlights from that zone embody intersections of three metres grading 16.6 gold, together with 1.5 metre at 32.8 g/t; 7.8 metres at 8.7 g/t gold, together with 1 metre at 32.6 g/t; 6 metres at 3.6 g/t gold, together with 1 metre at 10.2 g/t; 3 metres at 5.2 g/t gold, together with 1 metre at 15 g/t; and 6.6 metres of three.1 g/t gold.
(This text first appeared within the Canadian Mining Journal)
