- Stinger Resources (STNG) is updating shareholders on the diamond drill program at its Dunwell Mine property
- The 100-per-cent-owned property is located in the Golden Triangle of British Columbia
- The company has drilled a total of 3,882.69 metres so far over 21 mostly shallow holes
- Drilling encountered a number of mineralized structures including breccias with coarse grained pyrite, sphalerite, and galena
- Stinger Resources is up 2.17 per cent, trading at C$0.235 at 3:36 pm ET
Stinger Resources (STNG) is updating shareholders on the diamond drill program at its Dunwell Mine property.
The 100-per-cent-owned property is located in the Golden Triangle of British Columbia.
The Alberta-based resource exploration company has drilled a total of 3,882.69 metres so far over 21 mostly shallow holes targeting areas along strike within 600 metres of the Dunwell Mine.
The target zones drilled so far are in the Portland Canal Fissure Zone where the polymetallic mineralization appears to be structurally controlled.
Drilling encountered a number of mineralized structures including breccias with coarse grained pyrite, sphalerite, and galena. The core from completed holes is being logged, split, and sent for assay testing.
“We are very pleased with how things are going with the exploration and drill program on the Dunwell Mine. The exceptional logistics of the property allows us to minimise costs by running the camp directly out of Stewart, BC. The initial zones drilled were easily accessible targets associated with the fault running along strike with the past producing Dunwell Mine. Consistent with the drill program in 2019, we continue to see silver, lead and zinc in the core and look forward to receiving the assays back from MSA LABS,” said Stinger Resources President and CEO Darren Blaney.
The Dunwell Mine is the most significant mineral occurrence within the Portland Canal Fissure Zone. Historic production at the Dunwell occurred between 1926 and 1937. In addition to the Dunwell mine itself, the property package also contains over a dozen other high-grade gold and silver occurrences and historic small-scale gold-silver high-grading operations along a north-south trend that correlates to the fissure zone and major faulting.
Stinger holds interests in gold and silver properties in British Columbia.
Stinger Resources is up 2.17 per cent, trading at C$0.235 at 3:36 pm ET.
