CMC Metals Ltd announces new Mineral Resource Estimate for Silver Hart Project in Yukon
From GlobeNewswire: 2024-11-27 08:06:00
CMC Metals Ltd. announces a new Mineral Resource Estimate for its Silver Hart Project in Yukon, Canada. The Inferred resource totals 8.820 Moz @ 145.2 g/t silver equivalent in 1,889,000 tonnes with a cut-off grade of 50 g/t AgEq. The estimate has been prepared in accordance with NI 43-101 standards.
The effective date of the mineral resource statement is December 31, 2023. The qualified person responsible for the Mineral Resource Estimate is Charley Murahwi, M.Sc., P.Geo., FAusIMM. The mineral resources have been estimated following CIM guidelines. The resource results are rounded estimates and do not confirm economic viability.
CMC Metals Ltd. plans to develop the Silver Hart resources for a small-scale open-pit operation, utilizing high-grade veins and mantos. The company aims to minimize project risks by evaluating ore sorting and potential partnerships with local First Nations. Discussions with First Nations and initial metallurgical testing are planned, subject to financing.
The new MRE indicates opportunities to expand known mineralized zones at Silver Hart. The project also does not include discussions on additional zones in the adjacent Blue Heaven Property, 80% owned by CMC. The Rancheria Silver District, where Silver Hart is located, straddles the Yukon and British Columbia border.
The Qualified Person for the MRE is Charley Murahwi of MICON International Limited. CMC Metals Ltd. is focused on exploring high-grade polymetallic deposits in Yukon, British Columbia, and Newfoundland. The company’s projects include polymetallic silver-lead-zinc prospects in the Rancheria Silver District and other projects with potential for copper-silver-gold deposits.
For further information and investor inquiries, contact Kevin Brewer, President, CEO, and Director of CMC Metals Ltd. at (709) 327-8013 or visit their website. To be added to CMC’s news distribution list, email [email protected]. – A news release from Kevin Brewer has been issued, containing forward-looking information about upcoming work programs and exploration activities. Business, economic, and regulatory uncertainties may impact the ability to carry out these plans.
– The TSX Venture Exchange and its Regulation Services Provider do not take responsibility for the accuracy of the release. Investors are advised to consider the risks outlined in the Company’s filings with Canadian securities regulators.
– Factors such as market prices, exploration success, regulatory approvals, and the impact of the COVID-19 pandemic may affect the Company’s ability to raise funds and execute projects. Forward-looking statements are not guarantees of future performance. The Company disclaims any obligation to update or revise such statements.
Read more at GlobeNewswire: CMC Announces New Mineral Resource Estimate for the Silver