- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Darnley Bay Receives Drilling Permit, Initiates Drill Program and IP Survey at Pine Point Lead-Zinc Project
Darnley Bay Resources Limited (TSX VENTURE:DBL) (“Darnley Bay” or the “Company”) is pleased to announce several developments regarding it’s 100% owned Pine Point lead-zinc project near Hay River, Northwest Territories. The Company has received the land-use permit which will allow drilling to begin. Simultaneously the Company has signed a drilling contract with a local aboriginally-registered …
Darnley Bay Resources Limited (TSX VENTURE:DBL) (“Darnley Bay” or the “Company”) is pleased to announce several developments regarding it’s 100% owned Pine Point lead-zinc project near Hay River, Northwest Territories. The Company has received the land-use permit which will allow drilling to begin. Simultaneously the Company has signed a drilling contract with a local aboriginally-registered company. The first phase is a 3,500 metre drilling program which is scheduled to commence shortly and will be followed by at least two additional phases of drilling throughout the year.
As quoted in the press release:
Exploration by past operators totalled approximately 1.3 million metres of core drilling in an estimated 18,406 drill holes, and there are 54 undeveloped lead-zinc deposits on property held by Darnley Bay. These are in addition to the 52 deposits historically mined out by former owner Pine Point Mines Ltd and Cominco (now Teck Resources) between 1964-1987, which totalled 64 million tonnes grading 7.0% zinc and 3.1% lead. Of these 54 deposits, 15 were included in the National Instrument 43-101 (“NI 43-101”) resource report as detailed in a press release March 3, 2017, while the rest are classified as historical resources.
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.