Walcott Resources Ltd. (CSE:WAL) (FRA:WR2) (OTCPINK:WALRF) has announced that surface sampling fieldwork and evaluation has been finalized at its 60%-owned Tyr Silver Zinc project (TSZP) in north-northeast New South Wales, Australia.
In a statement, David Thornley-Hall, director and CEO of Walcott said: "Our December 2020 program confirms encouraging silver mineralization across historic silver occurrences at our Tyr Silver Zinc project. We are pleased to see compelling high-grade values from both the historic Burra and Torny mine sites."
The TSZP consists of over 300 square kilometres including two historic silver mines that were last operational between 1920 and 1935. The tenement was granted on March 29, 2018, for a period of 6 years. The project is located approximately 20 kilometres southwest of the town of Tenterfield and is accessible via paved road.
READ: Walcott Resources announces start of field work at Century South silver zinc project in Queensland
Highlights of the latest surface sampling fieldwork were:
- 504 grams per ton (g/t) Silver, 0.22% copper (Cu), 6.44% lead (Pb) and 9.57% zinc (Zn) – mine dump grab sample
- 389g/t Silver, 0.63% Cu, 2.64% Pb and 10.95% Zn – mine dump grab sample
- 355g/t Silver, 0.04% Cu, 1.70% Pb and 0.14% Zn – mine dump grab sample
- 43g/t Silver, 0.04%Cu, 1.22% Pb and 12.45% Zn -Burra mine adit
Walcott noted that it has engaged Xplore Resources, geological consultants, of North Lakes, Queensland Australia to conduct the field program including stakeholder communications, review and verification of previously reported geological data.
British Columbia-based Walcott is involved in the acquisition and exploration of mineral properties in Canada and Australia. The company holds an option to acquire a 100% undivided interest, subject to a 1.5% net smelter royalty (NSR )on all base, rare earth elements and precious metals, in the Cobalt Hill copper- gold-cobalt property, consisting of eight mineral claims covering an area of approximately 1,727.43 hectares located in the Trail Creek Mining Division in the Province of British Columbia, Canada.
In addition, Walcott has acquired 60% of two silver assets in Australia - the Tyr Silver Project in northern New South Wales and Century South Silver-Zinc Project in north-west Queensland.
Contact the author at jon.hopkins@proactiveinvestors.com