- Stinger Resources (STNG) has begun exploration and Phase 1 drilling at its Dunwell Mine property
- The goal of the program is to test the first of any IP/MAg geophysical targets that are detailed in the company's NI 43-101 report
- Phase 1 will test areas along strike within 500 metres to the south and 300 metres along the north of the mine along the Portland Canal Fissure Zone
- Stinger Resources owns 100 per cent interest in the Dunwell Mien property, which is situated in the Golden Triangle of British Columbia
- Shares of Stinger Resources remain unchanged at C$0.29 as of 12:51 p.m. EDT
Stinger Resources (STNG) has started its exploration and Phase 1 drilling at the Dunwell Mine property.
The primary goal of the program is to test the first of many IP/Mag geophysical targets that have been identified over the last two years, which are also noted in the company's NI 43-101 report that was filed late last year.
Additionally, the Phase 1 program will test various regions along strike within 500 metres to the south and within 300 metres to the north of the Dunwell mine along the Portland Canal Fissure Zone.
Darren Blaney, president and CEO of Stinger Resources, said in a press release,
"Phase I exploration and drilling on the Dunwell Mine is designed to help our understanding of the mineralizing events that took place within the Portland Canal Fissure Zone. We believe that the mineralization is structurally controlled and that there is a connection between the many high-grade showings and past-producing areas that stretch over 6 kilometres."
Located near Stewart, BC, the Dunwell Mine holds the most significant mineral occurrence in the Portland Canal Fissure Zone.
Initial production at the mine took place between 1926 and 1938, and produced a total of 45,657 tonnes averaging 6.63 grams per tonne (g/t) gold, 223.91 g/t silver, 1.83 per cent lead, 2.43 per cent zinc and 0.056 per cent copper.
With its headquarters in Alberta, Stinger Resources holds an interest in gold and silver properties in BC, including its 100 per cent owned Dunwell Mine.
The company also holds the D1 McBride project also located in the Golden Triangle.
Shares of Stinger Resources remain unchanged at C$0.29 as of 12:51 p.m. EDT.