Recent drilling on the High Lake project in the Northwest Territories, a joint venture between Aber Resources (TSE) and Kennecott, has outlined a steeply dipping panel of base metal mineralization with a strike length of 200 metres.
Results of the first five holes suggest that the D zone contains a high-grade core surrounded by a wide envelope of lower-grade mineralization. Hole 92-57 returned 123.7 metres grading 1.2% copper and 1.5% zinc at a depth of 151 metres, including 10.9 metres grading 1.8% copper and 9.3% zinc. Hole 92-55 returned 33.1 metres grading 1.8% copper and 5.9% zinc at 148 metres, including 7.3 metres grading 2.2% copper and 14% zinc.
The zone remains open along strike and downdip.
The High Lake deposit, discovered in 1955, contains a preliminary reserve of five million tonnes grading 3.5% copper, 2.5% zinc and 0.8 grams gold per tonne. The bulk of the tonnage lies in a pod of stringer copper-gold mineralization called the A zone.
Aber continues to test downdip extensions of the zinc-rich D zone and the AB zone. When the current program is complete, Aber will have fulfilled its 1992 work commitments of $1 million. Further drilling is scheduled to begin after freeze-up, when equipment and supplies can be moved to the property more economically.
Aber is earning a 30% or 40% interest in the deposit by spending $8 million or $10 million over the next five years. The junior also has the right to acquire an additional 20% from The Hudson’s Bay Co. through cash and share payments.
Results from the first five holes are as follows:
Hole Depth Length Copper Zinc Silver
(metres) (metres) % % g/tonne
92-55 148 33.1 1.8 5.9 105
including 7.3 2.2 14 111
92-56 215 100.7 1.0 1.7 37
including 10.2 2.8 6.8 53
92-57 300 123.7 1.2 1.5 28
including 10.9 1.8 9.3 84
92-58 160 31.7 2.5 5.4 50
92-59 273 10.4 2.6 1.5 73
92-60 212 23.0 0.2 0.2 3
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