Multiple undrilled high grade gold and silver veins
Adjacent to Alexco’s Bellekeno Mine
Strategic Metals’ wholly-owned Mount Hinton property lies within the world-famous Keno Hill silver mining camp, a district that hosts more than 35 individual mines and is historically Canada's second largest primary silver producer. The property covers an 83 sq km area that is located 10 km by road from Keno City in central Yukon Territory within the First Nation of Na-Cho Nyak Dun’s traditional territory. A hydroelectric power grid extends to Alexco Resource Corp.'s Bellekeno Deposit, which is located three kilometres north of the Mount Hinton claim block.
Although silver mineralization is found in veins on the Mount Hinton property, gold is the most significant component in many of the 73 bedrock showings and float occurrences that have been discovered to date. Mineralized shoots on the veins typically grade between 1 and 30 g/t gold, 50 and 1500 g/t silver and 0.5 to 2.5% lead. Maximum grades of 2,340 g/t gold, 30,822 g/t silver, and 75% lead have been returned from rock samples. Creeks draining the property have yielded significant placer gold production and are still being mined. Previous operators identified numerous soil geochemical anomalies and geophysical targets that have not yet been drilled or trenched. The project is permitted for advanced exploration.
Highlights from phase one of the 2019 exploration program include:
- The discovery of a linear train of vein quartz and brecciated vein, extending 230 m northeasterly from a talus sample that assayed 2340 g/t gold and 597 g/t silver to an outcrop of altered and oxidized breccia grading 33.3 g/t gold and 654 g/t silver.
- The identification of a parallel train of vein quartz and breccia, located 150 m to the east, where float samples returned:
- 6.11 g/t gold and 165 g/t silver;
- 1.64 g/t gold and 363 g/t silver, and;
- 2.03 g/t gold and 306 g/t silver.
- Rock samples from other parts of the main soil anomaly include 15.9 g/t gold with 9.6 g/t silver and 9.26 g/t gold with 1.59 g/t silver
During phase two of the program, the site of the multi-ounce gold sample was re-examined and visible gold was discovered within limonitic vein quartz float. Large blocks and finer talus of vein material mixed with oxidized brecciated vein quartz were also found in several, nearby linear structures. Sporadic outcrops of mineralized, breccia and vein quartz show that these structures strike northeast and dip steeply southeast, and suggest that the mineralized talus is close to its bedrock source.
Mapping and prospecting during phase two also discovered numerous other mineralized veins elsewhere within the Granite Creek drainage. The largest of these veins is up to two metres wide and is intermittently exposed for 75 m along strike, on the western side of the Granite Creek basin. This vein hosts patchy massive and semi-massive arsenopyrite, galena and jamesonite. Assays from the phase two sampling are pending.
Phase three of the 2019 program will include excavator trenching, road construction and more mapping and prospecting. This work will commence in late August.