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Yellowhead Mining Inc.(TSX:YMI) announced the latest results from its Harper Creek Project. The results from the updated NI 43-101 resource estimate reported a total of 10,843 metres drilled. Yellowhead also expect to complete a Feasibility Study by the end of March.
Yellowhead Mining Inc.(TSX:YMI) announced the latest results from its Harper Creek Project. The results from the updated NI 43-101 resource estimate reported a total of 10,843 metres drilled. Yellowhead also expect to complete a Feasibility Study by the end of March.
As quoted in the press release:
A total 10,843 metres were drilled in 37 holes. At a 0.2% copper cut-off grade (“COG”), total measured and indicated (“M&I”) resource is estimated at 815 million tonnes grading 0.29% copper and containing 5.26 billion pounds of copper, an increase of 1.67 billion pounds of copper over the prior Preliminary Economic Assessment (PEA) estimate.
Yellowhead, President &CEO, Ian Smith, said:
This resource update confirms our belief that the Harper Creek deposit holds significant potential for expansion. Geophysical targets and geochemical anomalies together with outcropping sulphides indicate that the deposit remains open along strike for some 4km to the east, as well as down dip to the north and at depth. We plan to continue step out drilling to expand the existing resource and to identify new deposits within our mineral tenures. We have also observed that closing up the drill spacing yields an improvement in grade for copper, gold and silver in the Measured category over the PEA results.
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