Excited about Lik discovery potential
Last updated 1/30/2020 at 1:36pm
Solitario Zinc Corp. Jan. 27 said it is excited about the preliminary results from Teck Resources Ltd.'s 2019 exploration at Lik, a high-grade zinc project about six miles (10 kilometers) west of the Red Dog Mine in Northwest Alaska.
Solitario acquired a 50 percent interest in Lik through the buyout of Zazu Metals Corp. in 2017. Teck owns the other half of the joint venture property.
Prior to Solitario's purchase, 17.3 million metric tons of indicated resource averaging 8.1 percent zinc, 2.7 percent lead and 51 g/t silver; and 2.9 million metric tons of inferred resource at 8.6 percent zinc, 2.6 percent lead and 37 g/t silver had been identified at Lik.
Given Teck's extensive exploration experience in the district, the Red Dog Mine operator is managing the exploration at Lik, which includes programs in both 2018 and 2019.
The 2019 exploration at Lik included geologic mapping and geochemical sampling to follow up on North Prospect, a coincident geochemical and geophysical anomaly identified during the 2018 program about 1,500 meters northwest of Lik.
Last year's program also involved the relogging of 20 holes previously drilled at Lik, as well as multi-element continuous fluorescence (XRF) scans of the historic core to further define the Lik deposit's geochemical signature and characterize its distal geochemical halo to potentially vector in on new drill targets.
Teck is currently completing its final analysis of the technical data gathered during 2019.
Further details from this work and plans for the 2020 exploration season at Lik are expected in the coming weeks.