VANCOUVER (miningweekly.com) – Ring of Fire (RoF) development champion Noront Resources has intersected encouraging results at the McFaulds No 8 volcanogenic massive sulphide (VMS) deposit, hosted on the property where the first discoveries in the RoF were made and which spurred the initial staking rush in 2002 to 2003.
The Toronto-headquartered company reported that follow-up drilling on the recently discovered McFaulds No 8 VMS occurrence was completed in October, comprising a single hole (MCF-17-89) totalling 566 m being drilled up-dip from a previous intersection in hold MCF-17-88.
The Main Zone at hole MCF-17-89 intersected 10.9 m of massive sulphide grading 1.1% copper, 1.7% zinc, 10.9 g/t silver and 0.4 g/t gold. The MCF-17-89 intersection is located about 88 m up-dip from MCF-17-88, and is an early indication of excellent up-dip continuity of the sulphide lens at McFaulds No 8, the company advised in a press release on Monday.
Importantly, bore-hole electromagnetic (EM) surveying of this hole has indicated the strongest conductance is located off-hole and up-dip to the northeast from this intersection suggesting shallower drilling along this horizon has a good chance of intersecting continued mineralisation.
“The copper/zinc thickness and grade we found provides an early, positive indication of the mineralisation continuity at McFaulds No 8. We look forward to following up on these results early in the new year,” said Noront VP for exploration Ryan Weston.