Overland Resources (ASX:OVR) has received an initial batch of analytical results from recent drilling at the Yukon Base Metal Project in the highly prospective and under explored Selwyn Basin of the Yukon Territory, Canada, confirming high grade mineralisation intersected at the Darcy Zinc Deposit and at the Darin Prospect.
Intersections of mineralisation at Darcy include 7.0 metres at 6.5% zinc from 27 metres, and 14.0 metres at 6.7% zinc from 62 metres. Drilling has extended known mineralisation by 100m horizontally and shown continuity to at least 100m vertically. The deposit remains open along strike and depth.
Drilling results have increased confidence in the potential to develop a second open pit at the Darcy Zinc Deposit with drilling continuing to delineate additional mineralisation at the Darin Prospect.
Recent results from diamond drilling at Darin include 7.0 metres at 4.2% zinc from 66 metres. A water monitor well completed recently at the Andrew Zinc Deposit intersected 43.8 metres at 5.7% zinc from 115.2 metres.
Samples are also being collected from diamond drill core for metallurgical and environmental test work, as the company anticipates that a second open pit mine can be developed at the Darcy Deposit (in addition to the proposed open pit mine 600 metres away at the Andrew Zinc Deposit).
Results of this test work will be factored into final design work for the Project’s plant and facilities, as part of ongoing feasibility study work.
The total JORC compliant resource for the Yukon Base Metal Project, applying a 2% zinc cut, off is 8.95 million tonnes at 6.3% Zn and 1.2% Pb.
Hugh Bresser, managing director, said the Yukon Base Metal Project provides the company with an exceptional opportunity to develop a viable mining operation in a jurisdiction that is particularly supportive of new mine developments.
Overland holds a 90% interest in the Project which comprises 502 Mineral Claims, covering approximately 100km2 over and around the high grade Andrew and Darcy Zinc Deposits.
Overland is currently conducting a definitive feasibility study on the development of the project.