- Write by:
-
Monday, February 4, 2019 - 9:58:31 AM
-
757 Visit
-
Print
Mining News Pro -EMX Royalty, a royalty holder on the Gumsberg project in Sweden, announced this week that operator Boreal Metals discovered a high-grade zone of zinc-silver-lead-gold mineralization, named the South Zone, at the property.
According to Mining News Pro - In a press release, EMX explained that the South Zone occurs near the historic Östra Silvberg mine, and is currently delineated as 130 meters of eastward plunging mineralization that remains open for expansion to the east and at depth.
The firm also made public diamond drill results from the work that Boreal is carrying out at the 18,300-hectare Gumsberg site.
"The drill results include 11.00 meters averaging 5.90% zinc, 239.0 g/t silver, 2.51% lead, and 0.96 g/t gold in hole GUM-18-003, and 11.01 meters averaging 7.45% zinc, 275.1 g/t silver, 2.65% lead, and 0.77 g/t gold in hole GUM-18-004 (true widths estimated at 50% of reported interval lengths)," the firm stated in the media brief.
Gumsberg consists of five exploration licenses in the Bergslagen mining district of southern Sweden. According to the companies involved in the project, multiple zones of Volcanogenic Massive Sulfide style mineralization occur in the area, which was first mined in the 13th century.
Historic information reveals that up until the early 1900s, over 30 mines operated on the property, notably the Östrasilverberg mine which was the largest silver deposit in Europe between 1300 and 1590.
"Despite its long-lived production history, relatively little modern exploration has taken place on the project," the companies said.
Short Link:
https://www.miningnews.ir/En/News/333468
Barrick Gold Corp.’s chief executive officer says the gold miner will continue to host virtual-only annual general ...
China’s copper producers are planning to export up to 100,000 metric tons of metal, the largest volume in 12 years, ...
A takeover of Anglo American Plc would need to be pitched at more than £30 ($37.6) per share, a higher price than BHP ...
Barrick Gold is not interested in bidding for Anglo American, which last week received a $39 billion takeover offer from ...
BHP Group can’t cherry pick Anglo American assets without paying a hefty premium, Anglo investors told Reuters, ...
Anglo American faced calls from shareholders on Monday to detail plans for improving its value in order to fend off ...
Copper slipped after initially extending gains above $10,200 a ton as traders turned their attention to demand ...
Glencore expects profit at its trading division this year to be at the top end of its long-term annual guidance, in an ...
Top copper producer Codelco reported a decline in quarterly output due to lower quality ore at its aging Chilean mines — ...
No comments have been posted yet ...