The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Exploration indicates high-grade silver system origination North of 60 Mining News – December 23, 2022
Located on the slopes of Mt. Rainey, Prosperity-Porter-Idaho was initially discovered in the early 1900s. Mined between 1929 and 1931, this high-grade silver mine produced roughly 27,123 metric tons with recovered grades of 2,542 g/t silver (73.8 oz/ton) – yielding approximately 2.2 million oz silver.
StrikePoint Gold Inc. Dec. 19 announced that the 2022 exploration drilling was successful in confirming high-grade silver mineralization within the historic resource block on the company's Porter-Idaho project in British Columbia's Golden Triangle.
Designed to test extensions for high-grade silver mineralization outlined in historical resource estimates, StrikePoint's 2022 program may have achieved something far more.
While drilling was successful in confirming high-grade silver mineralization, it also demonstrated potential for gold-silver-rich intrusion-related mineralization at the underexplored Red Reef prospect, roughly 850 meters below the elevation of Porter-Idaho and Silverado – and may even be the root of the system.
"As the highest-grade historic pure-silver mine in the Stewart area, these results confirm the tenor of silver grade that can be expected at the Porter project, however the discovery of strong, disseminated gold-silver, located less than a kilometer from the town is very encouraging," said StrikePoint Gold President and CEO Michael Allen. "This intrusive-related style of mineralization may suggest a source or root to the high-grade veins at the Porter-Idaho and Silverado mines, located several hundred meters above the outcrops."
Highlights from this round of results include:
• 0.51 meters averaging 2,980 grams per metric ton silver and 0.74 g/t gold in hole PIP22-031, which confirmed the historic resource at the past-producing Porter-Idaho mine.
• One meter averaging 116 g/t silver and 3.14 g/t gold in channel P22-CH01 at Red Reef that outlined the potential for gold-silver-rich mineralization.
• 2.09 meters averaging 108.55 g/t silver and 1.13 g/t gold in channel P22-CH02 at Red Reef, which also helped outline the potential.
Additionally, these results came shortly after new target discoveries were added to StrikePoint's growing property.
You can read about the initial drill results at StrikePoint discovers new mineralized zones in the December 2, 2022 edition of North of 60 Mining News.
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