9.0 g/t Au, 92.4 g/t Ag, 12.2 % Zn & 1.0 % Pb over 14.6 m
3.9 g/t Au, 185.6 g/t Ag, 11.1 % Zn, & 3.6% Pb over 25.4 m
FAD is one of several polymetallic deposits drilled at Ruby Hill in 2023 for the completion of initial resource estimates for the FAD, Blackjack and Hilltop deposits. The Ruby Hill Property represents the core land package within the
Highlight drill results from 2023 drilling at FAD:
PC23-12 – infill hole in the east FAD lobe 50 m northwest of PC23-28 (5 zones)
- 4.4 g/t Au, 91.3 g/t Ag, 8.4% Zn & 0.3% Pb over 1.6 m
- 4.9 g/t Au, 50.2 g/t Ag, 9.0% Zn & 0.2% Pb over 4.5 m
- 6.2 g/t Au, 57.1 g/t Ag, 6.9% Zn & 0.1% Pb over 5.0 m
- 6.0 g/t Au, 35.5 g/t Ag, 5.8% Zn & 0.2% Pb over 8.5 m
- 3.1 g/t Au, 48.8 g/t Ag, 2.1% Zn & 1.3% Pb over 3.8 m
PC23-22 – infill hole drilled on the western margin of the west FAD lobe (3 zones)
- 5.7 g/t Au, 159.4 g/t Ag, 15.0% Zn & 2.8% Pb over 5.4 m
- 13.7 g/t Au, 430.0 g/t Ag, 15.9% Zn & 7.7% Pb over 2.5 m
- 9.0 g/t Au, 92.4 g/t Ag, 12.2% Zn & 1.0% Pb over 14.6 m
PC23-26 – step-out hole 50 m north of PC23-12 on the east FAD lobe (3 zones)
- 15.6 g/t Au, 847.0 g/t Ag, 15.1% Zn & 0.4% Pb over 3.4 m
- 8.3 g/t Au, 187.9 g/t Ag, 6.2% Zn & 0.4% Pb over 1.7 m
- 0.9 g/t Au, 25.2 g/t Ag, 8.3% Zn % 0.2% Pb over 1.7 m
PC23-28 – final hole and furthest hole drilled to the east in the east FAD lobe (6 zones)
- 1.9 g/t Au, 109.7 g/t Ag, 8.9% Zn & 0.2% Pb over 3.2 m
- 33.4 g/t Au, 87.7 g/t Ag, 7.1% Zn & 0.2% Pb over 2.1 m
- 7.6 g/t Au, 42.2 g/t Ag, & 6.3% Zn over 6.0 m
- 11.4 g/t Au, 65.8 g/t Ag, 0.6% Zn, & 0.2% Pb over 2.0 m
- 4.3 g/t Au, 41.3 g/t Ag, 12.0 % Zn & 0.2% Pb over 3.5 m
- 3.9 g/t Au, 185.6 g/t Ag, 11.1% Zn & 3.6% Pb over 25.4 m including 4.1 g/t Au, 350.1 g/t Ag, 13.8% Zn & 7.3% Pb over 11.0 m
The FAD deposit Is located in the hanging-wall of the Ruby Hill fault and is comprised of dominantly sulfide, polymetallic mineralization (see Figure 2). Drilling completed in 2022 and 2023 has successfully intersected multiple horizons of mineralization that remain open for expansion. Results compliment previously released holes drilled by Paycore that include:
- 7.8 g/t Au, 155.5 g/t Ag, 22.0% Zn & 1.5% Pb over 12.5 m (PC22-07)
- 7.1 g/t Au, 376.3 g/t Ag, 6.3% Zn & 10.3% Pb over 14.8 m (PC22-08A)
- 8.0 g/t Au, 79.1 g/t Ag, 10.2% Zn & 1.0% Pb over 27.4 m (PC22-10)
In addition to the deeper sulfide mineralization at FAD, drilling tested proximal to the historic
"The drill program at FAD compliments successful programs on the Blackjack and Hilltop deposits and our expanded focus on exploring for polymetallic mineralization in the
The FAD deposit is located within the "Hilltop Corridor" approximately 2 km south of the Hilltop discovery made by i-80 in mid-2022. Multiple drill rigs were active in 2023, aggressively defining and expanding mineralization at Hilltop, now having identified a series of high-grade CRD zones located on the south side of the Archimedes pit (see Figure 1). Previously released results from drilling at Upper Hilltop include 515.3 g/t Ag, 28.9 % Pb, 10.5 % Zn & 0.9 g/t Au over 28.3 m in hole iRH22-43, 1.9 g/t Au, 631.3 g/t Ag, 7.4 % Zn & 33.0 % Pb over 18.3 m in hole iRH22-53, 14.7 g/t Au, 253.3 g/t Ag, 0.4% Zn & 8.7% Pb over 7.5 m in hole iRH23-52 and 0.6 g/t Au, 332.9 g/t Ag, 8.8% Zn & 18.8% Pb over 32.0 m in hole iRH23-54. Recent results from drilling in the
The Hilltop Corridor is a 2 km long (see Figure 1), alluvial covered, trend immediately south of the Archimedes pit believed to be host to multiple feeder fault structures that is largely untested by previous drilling owing to the alluvial cover. The Hilltop discoveries were made in the second half of 2022 exploration campaign while testing one of several generative exploration targets identified proximal to the Blackjack (skarn) deposit, with mineralization defined along the Hilltop fault structure over a strike length of approximately 750 metres. At the end of the 2023 drill program, one hole was drilled to test for the possible extension of skarn mineralization proximal to the contact of the Graveyard Flats intrusive. This hole, iRH23‑55, intersected a broad zone of skarn mineralization with 4 higher-grade intercepts, including an interval of 1181.0 g/t Ag, 19.5% Zn, 10.2% Pb & 1.2% Cu over 1.5 m.
Drilling was also completed in the Blackjack deposit in 2023, yielding numerous significant results, successfully delineating and expanding high-grade mineralization. i-80 drilling started at hole PC23-22.
Table 1 – Highlight New Assay Results from FAD
Drillhole ID | Zone | Type | From (m) | To (m) | Length (m) | Au (g/t) | Ag (g/t) | Pb (%) | Zn (%) |
PC23-12 | FAD | Core | 654.6 | 656.2 | 1.6 | 4.4 | 91.3 | 0.3 | 8.4 |
and | FAD | Core | 659.1 | 663.6 | 4.5 | 4.9 | 60.2 | 0.2 | 9.3 |
And | FAD | Core | 676.4 | 681.3 | 5.0 | 6.2 | 57.1 | 0.1 | 6.9 |
and | FAD | Core | 701.5 | 710.0 | 8.5 | 6.0 | 35.5 | 0.2 | 5.8 |
and | FAD | Core | 719.5 | 723.3 | 3.8 | 3.1 | 48.8 | 1.3 | 2.1 |
PC23-13 | FAD | Core | 937.9 | 944.0 | 6.2 | 2.3 | 20.3 | - | 2.6 |
PC23-14 | FAD | Core | 747.8 | 749.7 | 1.8 | 4.1 | 33.3 | 0.2 | 1.5 |
PC23-15 | Ruby Hill (oxide) | RC | 67.1 | 77.7 | 10.7 | 1.2 | 115.6 | 0.6 | 7.9 |
PC23-16 | Ruby Hill (oxide) | RC | 96.0 | 121.9 | 25.9 | 0.4 | 7.5 | 0.3 | 0.2 |
PC23-17 | Ruby Hill (oxide) | RC | NSI | ||||||
PC23-18 | FAD | Core | Abandoned at 478 m due to ground conditions | ||||||
PC23-19 | FAD | Core | 785.3 | 786.2 | 0.9 | 0.4 | 89.0 | 2.1 | 4.8 |
and | FAD | Core | 788.5 | 789.7 | 1.2 | 1.7 | 49.0 | 0.8 | 4.9 |
PC23-20 | FAD | Core | 706.2 | 709.3 | 3.0 | 2.4 | 110.0 | 1.2 | 12.0 |
PC23-21 | Near surface exploration | NSI | |||||||
PC23-22 | FAD | Core | 687.0 | 692.4 | 5.4 | 5.7 | 159.4 | 2.8 | 15.0 |
and | FAD | Core | 705.5 | 708.1 | 2.5 | 13.7 | 430.0 | 7.7 | 15.9 |
and | FAD | Core | 732.0 | 746.7 | 14.6 | 9.0 | 92.4 | 1.0 | 12.2 |
PC23-23 | FAD | RC | RC pre-collar abandoned at 213 m due to ground conditions | ||||||
PC23-24 | FAD | Core | 738.2 | 739.1 | 0.9 | 10.0 | 151.0 | 0.9 | 13.1 |
and | FAD | Core | 763.2 | 765.4 | 2.3 | 6.4 | 17.5 | 0.1 | 0.9 |
iRH23-25 | FAD | Core | 667.0 | 667.9 | 0.9 | 3.5 | 52.0 | 0.2 | 10.8 |
and | FAD | Core | 715.4 | 716.3 | 0.9 | 3.6 | 584.0 | 16.4 | 2.3 |
PC23-26 | FAD | Core | 642.5 | 645.9 | 3.4 | 15.6 | 847.0 | 0.5 | 15.1 |
and | FAD | Core | 673.4 | 675.1 | 1.7 | 8.3 | 187.9 | 0.4 | 6.2 |
and | FAD | Core | 698.4 | 700.1 | 1.7 | 0.9 | 25.2 | 0.2 | 8.3 |
PC23-27 | FAD | Core | 647.1 | 648.6 | 1.5 | 2.5 | 378.1 | 1.7 | 23.5 |
PC23-28 | FAD | Core | 597.0 | 600.2 | 3.2 | 1.9 | 109.7 | 0.2 | 8.9 |
and | FAD | Core | 616.6 | 618.7 | 2.1 | 33.4 | 87.7 | 0.2 | 7.1 |
and | FAD | Core | 644.3 | 650.4 | 6.0 | 7.6 | 42.2 | - | 6.3 |
and | FAD | Core | 656.2 | 658.2 | 2.0 | 11.4 | 65.8 | 0.2 | 0.6 |
and | FAD | Core | 667.4 | 670.9 | 3.5 | 4.3 | 41.3 | 0.2 | 12.0 |
and | FAD | Core | 693.0 | 718.4 | 25.4 | 3.9 | 185.6 | 3.6 | 11.1 |
including | FAD | Core | 707.4 | 718.4 | 11.0 | 4.1 | 350.1 | 7.3 | 13.8 |
True widths estimated 80-95%
UTM | Drillhole ID | East m | North m | Elevation m | Azimuth | Dip |
PC23-12 | 588154 | 4375786 | 2087 | 217 | -80 | |
PC23-13 | 587344 | 4373145 | 2084 | 233 | -79 | |
PC23-14 | 587305 | 4373534 | 2105 | 180 | -89 | |
PC23-15 | 587203 | 4373305 | 2153 | 226 | -50 | |
PC23-16 | 587118 | 4372636 | 2153 | 230 | -72 | |
PC23-17 | 587120 | 4372637 | 2121 | 226 | -48 | |
PC23-18 | 587109 | 4372944 | 2087 | 193 | -82 | |
PC23-19 | 587336 | 4373145 | 2098 | 286 | -85 | |
PC23-20 | 587217 | 4373165 | 2117 | 311 | -90 | |
PC23-21 | 587102 | 4373119 | 2153 | 190 | -68 | |
PC23-22 | 587119 | 4372635 | 2107 | 254 | -79 | |
PC23-23 | 587028 | 4373239 | 2098 | 131 | -85 | |
PC23-24 | 587215 | 4373161 | 2088 | 206 | -89 | |
PC23-25 | 587279 | 4373230 | 2105 | 149 | -84 | |
PC23-26 | 587166 | 4373094 | 2087 | 266 | -85 | |
PC23-27 | 587339 | 4373147 | 2098 | 305 | -88 | |
PC23-28 | 587213 | 4373163 | 2087 | 220 | -86 |
Please click here for further information on abbreviations and conversions referenced in this press release.
All samples were submitted to
Certain statements in this release constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable securities laws, including but not limited to, the expansion or mineral resources at Ruby Hill and the potential of the Ruby Hill project. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as "may", "would", "could", "will", "intend", "expect", "believe", "plan", "anticipate", "estimate", "scheduled", "forecast", "predict" and other similar terminology, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. These statements reflect the Company's current expectations regarding future events, performance and results and speak only as of the date of this release.
Forward-looking statements and information involve significant risks and uncertainties, should not be read as guarantees of future performance or results and will not necessarily be accurate indicators of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements or information, including, but not limited to: material adverse changes, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts with the company to perform as agreed; social or labour unrest; changes in commodity prices; and the failure of exploration programs or studies to deliver anticipated results or results that would justify and support continued exploration, studies, development or operations.
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i Historic production estimate sourced from Nolan, T.B., and Hunt, R.L., 1968, The |
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