CDN-listed QEX Resources has resampled seven of 43 holes previously drilled on the New Calumet Mines property.
The company has an option to acquire the concession and 59 adjoining claims in Pontiac Cty., Que.
The period 1943-1968 saw the extraction of 3.5 million tons averaging 5.8% zinc, 1.6% lead, 2.16 oz. silver and 0.013 oz. gold per ton. Later, in the 1980s, Lacana Mining defined an indicated reserve of 247,000 tons averaging 0.15 oz. gold and an inferred resource of 105,000 tons averaging 0.12 oz.
The resampling by QEX confirmed the gold and silver resource outlined by Lacana. In addition, QEX uncovered high zinc and lead intersections close to the old workings.
The longest and highest-grade intersection from the resampling was 33.5 ft. averaging 11.2% zinc, 3.6% lead, 0.08 oz. gold and 7.2 oz. silver, which included a 10.5-ft. section that ran 34.6% zinc, 6.9% lead, 0.02 oz. gold and 11.1 oz. silver.
QEX will spend $200,000 compiling data and resampling the remaining Lacana drill core. This will be followed by 4,900 ft. of drilling of its own.
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