Benz evaluating exploration program for Eastmain Mine in Quebec
Benz Mining (TSXV: BZ) announced that it filed a NI 43-101 Technical Report titled “Technical Report and Mineral Resource Estimate on the Eastmain Mine Property, James Bay District, Quebec,” prepared by P&E Mining Consultants.
The Eastmain Mine gold project is owned by Eastmain Resources (TSX
According to Benz, the Mineral Resource Estimate presented in the report states that total indicated mineral resource is of 899 kt at a grade of 8.19 g/t gold, 8 g/t silver and 0.13% copper while total inferred mineral resources are of 579 kt at a grade of 7.48 g/t gold, 8.2 g/t silver and 0.16% copper.
“P&E considers that the Eastmain Mine Property contains a significant precious metal and base metal mineral resources that are associated with a well-defined mineralized trend,” the Vancouver-based miner said in a press release. “P&E considers that the property has
In the document, the consultancy firm recommended a C$500,000 Phase I exploration program that focuses, among other things, on target prioritization including reprocessing/
P&E also suggested a C$2.8 million Phase II exploration program that focuses on additional pulse TDEM for deeper penetration along the southeast Mine Trend; geology, prospecting, stripping and assays on any new EM targets defined by TDEM or anything else of interest; 2,500 metres of drilling of new EM targets and BHEM on any mineralized intersections and/or on mineralized holes from Phase I; and 5,000 metres of mineral resource expansion.
“Benz Exploration staff and management are reviewing the Technical Report recommendations and compiling results from the previous exploration programs along with historic work to define an appropriate work proposal for 2019/2020 years,” the miner said in the media brief.
The 8,014-hectare Eastmain Mine project is located within the Upper Eastmain River Greenstone Belt, approximately 320 kilometres north-northeast of Chibougamau and about 800 kilometres north of Montréal. The property consists of 152 mineral claims and one industrial lease permit.