This portion of the work program, Phase 1, will focus on three areas; 1. Extending the high-grade underground portion of
At the high grade Killer Bore Zinc prospect located 5km's from Pegmont, optioned from Sandfire Resources for 100%, the Company is planning a ten-hole, 2,300 metres program designed to scope out an initial volume centred around three historic drill intersections in two separate locations: AND041: 3 m @ 15.44% Zn and 0.25% Cu ANP418: 4 m @ 8.26% Zn and 0.51% Cu and separately diamond hole DDH01KB001: 4 m @ 10% Zn and 0.2% Pb. The Company is awaiting heritage site clearance for these ten drill pads.
In the shallow portions of the main Pegmont open pit, a total of 40 holes are planned for 2,400 metres, PQ core size. Reverse circulation (RC) holes being followed up include:
About the Pegmont Lead-Zinc Deposit
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Cautionary Note Regarding Forward-Looking Information
This release includes certain statements and information that may be deemed to be 'forward looking statements' or 'forward-looking information' within the meaning of the applicable
These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated. Although the Company believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward looking statements.
Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, changes in commodities prices; changes in expected mineral production performance; unexpected increases in capital costs; exploitation and exploration results; continued availability of capital and financing; differing results and recommendations in the preliminary economic assessment and general economic, market or business conditions.
In addition, forward looking statements are subject to various risks, including but not limited to operational risk; political risk; currency risk; capital cost inflation risk; that data is incomplete or inaccurate; the limitations and assumptions within drilling, engineering and socio economic studies relied upon in preparing the 2019 Pegmont PEA and receipt of regulatory and other approvals and/or consents in respect of the Offering in particular. There can be no assurance that the Offering will be completed on their terms or at all.
The reader is referred to the Company's filings with the Canadian securities regulators for disclosure regarding these and other risk factors, accessible under the Company's profile at www.sedar.com
There is no certainty that any forward looking statement will prove to be accurate and investors should not place undue reliance upon forward looking statements. The Company does not undertake to provide updates to any of the forward looking statements in this release, except as required by law.
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