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Be the first with the news that moves the market- Mayo Lake Minerals (MLKM) has announced the results of its 2022 summer diamond drill program
- The drill program, at its Carlin-Roop silver discovery in the Keno Hill Silver District, Yukon, raised hopes of potential for high-grade silver
- Part of the Carlin West zone, measuring 120m by 60m in area, is characterized by silver values greater than 30g Ag/t (1oz Ag/t)
- Mayo Lake Minerals Inc. was down 13.33 per cent, trading at $0.065 at 12:32 ET
Mayo Lake Minerals (MLKM) has announced the results of its 2022 summer diamond drill program.
The drill program, at its Carlin-Roop silver discovery in the Keno Hill Silver District, Yukon, raised hopes of potential for high-grade silver.
The 2022 results, in combination with results of earlier exploration and diamond drill holes (DHHs) from 2020 and 2021, intersected structures containing above background silver in combination with evidence of fracturing, faulting, alteration and mineralization over the 550m± long Carlin West silver in soil zone.
Part of the Carlin West zone, measuring 120m by 60m in area, is characterized by silver values greater than 30g Ag/t (1oz Ag/t).
A total of 1,070 metres of diamond drilling was completed in eight DDHs focused on the Carlin West zone as delineated from prospecting, soil geochemistry, geophysics and the results from four DDHs drilled in 2020 and 2021.
The 2022 DDHs intersected structures along the southwest flank of the recently expanded Carlin West core zone. Of special note is that detailed soil sampling was only completed after the 2022 drill campaign.
Keno Hill Quartzite (KHQ), quarzitic metasediments (MSD), graphitic schists (GSH) and greenstone (GRE) (metamorphosed gabbro and diorite) were the common lithologies encountered in the drilling.
“The broad silver structures intersected in our drilling this year define Carlin West as a considerably broader silver structure than we had anticipated,” said Tyrell Sutherland, VP Exploration.
“Most of these structures were drilled outside a subsequently identified silver zone grading greater than or equal to one ounce of silver per tonne,” he added.
Mayo Lake Minerals is focused on developing five precious metal projects covering 232 square kilometres in the Tombstone Plutonic Belt of the Tintina Gold Province in the Yukon.
Mayo Lake Minerals Inc. was down 13.33 per cent, trading at $0.065 at 12:32 ET.
