VANCOUVER, Nov. 7, 2019 /CNW/ - Trilogy Metals Inc.
(TSX/NYSE American: TMQ) ("Trilogy Metals" or the
"Company") is pleased to announce the second and final set of assay
results from this summer's exploration diamond drilling program at
the Sunshine prospect, which is part of the Company's Upper Kobuk
Mineral Projects ("UKMP") located in the Ambler mining district of
Northwest Alaska.
The Company also is pleased to provide an update on the
permitting of the Ambler Mining District Industrial Access Project
("AMDIAP") otherwise known as the Ambler Road.
Based on the Versatile Time Domain Electromagnetic ("VTEM")
geophysical survey that we completed this past spring over the
Ambler volcanogenic massive sulphide ("VMS") belt and from
historical drilling, the most recent drilling targeted the Sunshine
prospect, which is approximately eight miles (13 kilometers) from
the Arctic Project. The assay results from five drill holes
from the Sunshine prospect comprise 1,196 meters of the 1,357-meter
six-hole drill campaign at this prospect.
Drilling Highlights – Sunshine Prospect
At a cutoff grade of 1.5% copper equivalent* the results from
the Sunshine prospect are as follows:
- SC19-018 intersected four mineralized intervals of:
-
- 5.2 metres with a copper equivalent grade of 3.93%
(2.08% copper, 3.13% zinc, 0.63% lead, 0.15 g/t gold and 41.64 g/t
silver);
- 6.3 metres with a copper equivalent grade of 2.38%
(1.63% copper, 1.45% zinc, 0.09% lead, 0.07 g/t gold and 13.38 g/t
silver);
- 7.2 metres with a copper equivalent grade of 1.69%
(0.72% copper, 2.18% zinc, 0.21% lead, 0.03 g/t gold and 6.64 g/t
silver); and
- 1.1 metres with a copper equivalent grade of 1.71%
(1.53% copper, 0.35% zinc, 0.01% lead, 0.03 g/t gold and 3.67 g/t
silver).
- SC19-020 intersected four mineralized intervals of:
-
- 3.4 metres with a copper equivalent grade of 6.54%
(4.15% copper, 3.42% zinc, 0.83% lead, 0.26 g/t gold and 74.35 g/t
silver);
- 1.6 metres with a copper equivalent grade of 3.77%
(1.43% copper, 1.65% zinc, 0.40% lead, 0.06 g/t gold and 23.30 g/t
silver);
- 4.9 metres with a copper equivalent grade of 5.77%
(4.47% copper, 3.42% zinc, 0.01% lead, 0 g/t gold and 0.12 g/t
silver); and
- 2.7 metres with a copper equivalent grade of 3.87%
(3.70% copper, 0.44% zinc, 0% lead, 0 g/t gold and 0.40 g/t
silver).
- SC19-021 intersected one mineralized interval of:
-
- 9.7 metres with a copper equivalent grade of 6.10%
(3.93% copper, 3.00% zinc, 0.77% lead, 0.22 g/t gold and 73.10 g/t
silver).
- SC19-022 intersected three mineralized intervals of:
-
- 1.4 metres with a copper equivalent grade of 5.90%
(2.89% copper, 4.87% zinc, 1.41% lead, 0.17 g/t gold and 68.30 g/t
silver);
- 4.2 metres with a copper equivalent grade of 1.85%
(0.34% copper, 2.28% zinc, 1.07% lead, 0.07 g/t gold and 30.63 g/t
silver); and
- 15.3 metres with a copper equivalent grade of 3.08%
(1.35% copper, 2.91% zinc, 0.78% lead, 0.16 g/t gold and 32.58 g/t
silver).
- SC19-023 intersected one mineralized interval of:
-
- 5.0 metres with a copper equivalent grade of 2.09%
(0.87% copper, 1.92% zinc, 0.66% lead, 0.10 g/t gold and 24.69 g/t
silver).
* Assumptions used
for the copper equivalent calculation were metal prices in USD of
$2.90/lb copper, $1.10/lb zinc, $0.90/lb lead, $1,250/oz gold, and
$18/oz silver and recovery is assumed to be 100% as no
metallurgical test data is available. The following equation was
used to calculate copper equivalence: CuEq = Copper (%) + (Zinc (%)
x 0.379) + (Lead (%) x 0.310) + (Gold (g/t) x 0.629) + (Silver
(g/t) x 0.009).
|
James Gowans, Interim President
and CEO of Trilogy Metals commented, "The grades and widths of
mineralization found at the Sunshine prospect are very similar to
what we see at the Arctic project and I expect that with more
drilling that we can delineate more mineralization at Sunshine. I
also note that the Sunshine prospect is just one of dozens of
prospects found within the 70-mile (100 kilometer) long Ambler VMS
Belt which has the potential to be one of the most prolific mining
districts in the world."
Ambler Mining District Industrial Access Project
On October 29, 2019 the comment
period closed for the AMDIAP Draft Environmental Impact Statement
("EIS"). The Bureau of Land Management ("BLM"), which is the lead
agency, is now incorporating the comments into the final EIS. The
BLM is expected to provide an update on the timing of the
completion of the final EIS at a later date. The Company wishes to
express its sincere appreciation to the BLM for making progress on
the EIS process. For more information on the permitting process for
the AMDIAP please go to BLM Ambler Road.
Sunshine Prospect
At Sunshine, which is located approximately eight miles (13
kilometers) from the Arctic Project, the Company drilled six holes
comprising 1,357 meters. On September 10,
2019, the Company released the results from drill hole
SC19-019 which contained copper-zinc-lead-gold-silver
mineralization (For more information on this press release please
go to TMQ Bornite Sunshine Drilling September 10 2019.
The Sunshine prospect lies within a north-facing alpine cirque
west of the Shungnak River and just south of the eastward flowing
Sunshine Creek. The Ambler
VMS-style mineralization was discovered by Bear Creek Mining
Company in 1969 and is exposed on an east trending ridge. The
rock units exposed are typical of the Ambler Schist sequence that
hosts the Arctic deposit and include quartz +/- feldspar and
chlorite schist, graphitic and graphitic quartz schist, marble and
calcareous schist. Massive and semi-massive sulphide
mineralization, consisting of chalcopyrite, sphalerite, galena, and
tetrahedrite/tennantite, occurs in 0.1 metre to 8-metre bands
generally at a contact between graphitic and calcareous
schist.
Results for Sunshine are presented in Table 1 at a cutoff
grade of 1.5% copper equivalent. All the intersected widths
are close to normal to stratigraphy and therefore can be considered
to be true widths. Results at a more selective higher-grade cutoff
of 2.5% copper equivalent are also presented in Table 2 to
show locally higher-grade intervals. Table 3 shows the
drill hole locations. Figure 1 shows the location of
the drill holes on a plan map and Figure 2 shows a
cross-section through drill holes SC19-018, SC19-021 and
SC19-022.
Table 1 - 1.5% Cu Eq cut-off* with maximum 2 m internal waste – Minimum 1.0 m interval
Hole
|
From
(m)
|
To
(m)
|
Length
(m)
|
Cu
(%)
|
Zn
(%)
|
Pb
(%)
|
Au
(g/t)
|
Ag
(g/t)
|
CuEq
(%)*
|
SC19-018
|
139.52
|
144.76
|
5.24
|
2.08
|
3.13
|
0.63
|
0.15
|
41.64
|
3.93
|
238.72
|
245.06
|
6.34
|
1.63
|
1.45
|
0.09
|
0.07
|
13.38
|
2.38
|
247.86
|
255.06
|
7.20
|
0.72
|
2.18
|
0.21
|
0.03
|
6.64
|
1.69
|
260.46
|
261.60
|
1.14
|
1.53
|
0.35
|
0.01
|
0.03
|
3.67
|
1.71
|
SC19-020
|
176.37
|
179.74
|
3.37
|
4.15
|
3.42
|
0.83
|
0.26
|
74.35
|
6.54
|
188.55
|
190.10
|
1.55
|
1.43
|
1.65
|
0.40
|
0.06
|
23.30
|
3.77
|
204.15
|
209.09
|
4.94
|
4.47
|
3.42
|
0.01
|
0.00
|
0.12
|
5.77
|
219.30
|
221.98
|
2.68
|
3.70
|
0.44
|
0.00
|
0.00
|
0.40
|
3.87
|
SC19-021
|
146.62
|
156.28
|
9.66
|
3.93
|
3.00
|
0.77
|
0.22
|
73.10
|
6.10
|
SC19-022
|
114.12
|
115.47
|
1.35
|
2.89
|
4.87
|
1.41
|
0.17
|
68.30
|
7.96
|
130.40
|
134.61
|
4.21
|
0.34
|
2.28
|
1.07
|
0.07
|
30.63
|
1.85
|
143.73
|
159.01
|
15.28
|
1.35
|
2.91
|
0.78
|
0.16
|
32.58
|
3.08
|
SC19-023
|
163.50
|
168.51
|
5.01
|
0.87
|
1.92
|
0.66
|
0.10
|
24.69
|
2.09
|
|
* Assumptions used in
USD for the copper equivalent calculation were metal prices of
$2.90/lb copper, $1.10/lb zinc, $0.90/lb lead, $1,250/oz gold, and
$18/oz silver and recovery is assumed to be 100% as no
metallurgical test data is available. The following equation was
used to calculate copper equivalence: CuEq = Copper (%) + (Zinc (%)
x 0.379) + (Lead (%) x 0.310) + (Gold (g/t) x 0.629) + (Silver
(g/t) x 0.009).
|
Table 2 - 2.5% Cu Eq cut-off* with maximum 2 m internal waste – Minimum 1.0 m interval
|
From
(m)
|
To
(m)
|
Length
(m)
|
Cu
(%)
|
Zn
(%)
|
Pb
(%)
|
Au
(g/t)
|
Ag
(g/t)
|
CuEq
(%)*
|
SC19-018
|
139.52
|
144.76
|
5.24
|
2.08
|
3.13
|
0.63
|
0.15
|
41.64
|
3.93
|
241.80
|
244.26
|
2.46
|
2.19
|
2.97
|
0.13
|
0.10
|
20.90
|
3.61
|
253.64
|
255.06
|
1.42
|
1.16
|
3.78
|
0.13
|
0.02
|
6.50
|
2.70
|
SC19-020
|
176.37
|
179.74
|
3.37
|
4.15
|
3.42
|
0.83
|
0.26
|
74.35
|
6.54
|
204.15
|
209.09
|
4.94
|
4.47
|
3.42
|
0.01
|
0.00
|
0.12
|
5.77
|
219.30
|
221.98
|
2.68
|
3.70
|
0.44
|
0.00
|
0.00
|
0.40
|
3.87
|
SC19-021
|
146.62
|
156.28
|
9.66
|
3.93
|
3.00
|
0.77
|
0.22
|
73.10
|
6.10
|
SC19-022
|
114.12
|
115.47
|
1.35
|
2.89
|
4.87
|
1.41
|
0.17
|
68.30
|
7.96
|
143.73
|
159.01
|
15.28
|
1.35
|
2.91
|
0.78
|
0.16
|
32.58
|
3.08
|
SC19-023
|
163.50
|
168.51
|
5.01
|
0.87
|
1.92
|
0.66
|
0.10
|
24.69
|
2.09
|
|
* Assumptions used in
USD for the copper equivalent calculation were metal prices of
$2.90/lb copper, $1.10/lb zinc, $0.90/lb lead, $1,250/oz gold, and
$18/oz silver and recovery is assumed to be 100% as no
metallurgical test data is available. The following equation was
used to calculate copper equivalence: CuEq = Copper (%) + (Zinc (%)
x 0.379) + (Lead (%) x 0.310) + (Gold (g/t) x 0.629) + (Silver
(g/t) x 0.009).
|
Table 3 – Sunshine Drill Hole Locations
Hole
|
East
(m)
|
North
(m)
|
Elevation
(m)
|
Azimuth
|
Dip
|
Length
(m)
|
SC19-018
|
601748
|
7457922
|
776
|
15
|
-52
|
296
|
SC19-020
|
601863
|
7457873
|
766
|
70
|
-48
|
230
|
SC19-021
|
601862
|
7457872
|
766
|
70
|
-79
|
213
|
SC19-022
|
601692
|
7457866
|
777
|
345
|
-80
|
204
|
SC19-023
|
601692
|
7457868
|
776
|
345
|
-45
|
253
|
QA/QC Program
The drill program, sampling protocol, and data verification were
managed by qualified persons employed by the Company. Diamond drill
holes were typically collared and drilled to depth HQ for the
Sunshine holes. Samples were collected using a 0.2-metre
minimum length, a 2.5-metre maximum length and a 1.5-metre average
sample length. Drill core recovery averaged 95% for Sunshine core.
Three quality control samples (one blank, one standard and one
duplicate) were inserted into each batch of 20 samples. The drill
core was sawn, with half sent to ALS Minerals in Fairbanks for sample preparation and the
sample pulps forwarded to ALS's North
Vancouver facility for analysis. ALS Minerals is an
independent facility certified as ISO 9001:2008 and accredited to
ISO / IEC 17025:2005 from the Standards Council of Canada. The Company will submit 5% of the
assay intervals from prospective lithologies to an independent
check assay lab.
Qualified Persons
Andrew W. West, Certified
Professional Geologist, Exploration Manager for Trilogy Metals
Inc., is a Qualified Person as defined by National Instrument
43-101. Mr. West has reviewed the technical and scientific
information in this news release and approves the disclosure
contained herein.
About Trilogy Metals
Trilogy Metals Inc. is a metals exploration and development
company focused on exploring and developing the Ambler mining
district located in northwestern Alaska. It is one of the richest and
most-prospective known copper-dominant districts located in one of
the safest geopolitical jurisdictions in the world. It hosts
world-class polymetallic VMS deposits that contain copper, zinc,
lead, gold and silver, and carbonate replacement deposits which
have been found to host high-grade copper and cobalt
mineralization. Exploration efforts have been focused on two
deposits in the Ambler mining district - the Arctic VMS deposit and
the Bornite carbonate replacement deposit. Both deposits are
located within the Company's land package that spans approximately
143,000 hectares. The Company has an agreement with NANA Regional
Corporation, Inc., a Regional Alaska Native Corporation that
provides a framework for the exploration and potential development
of the Ambler mining district in cooperation with local
communities. Our vision is to develop the Ambler mining district
into a premier North American copper producer.
Cautionary Note Regarding Forward-Looking
Statements
This press release includes certain "forward-looking
information" and "forward-looking statements" (collectively
"forward-looking statements") within the meaning of applicable
Canadian and United States
securities legislation including the United States Private
Securities Litigation Reform Act of 1995. All statements, other
than statements of historical fact, included herein, including,
without limitation, the Company's ability to delineate additional
mineralization at the Sunshine prospect and the timing and status
of the final EIS, are forward-looking statements. The assay results
disclosed in this press release should not be considered
representative of other drilling results for the 2019 drilling
campaign. Forward-looking statements are frequently, but not
always, identified by words such as "expects", "anticipates",
"believes", "intends", "estimates", "potential", "possible", and
similar expressions, or statements that events, conditions, or
results "will", "may", "could", or "should" occur or be achieved.
Forward-looking statements involve various risks and uncertainties.
There can be no assurance that such statements will prove to be
accurate, and actual results and future events could differ
materially from those anticipated in such statements. Important
factors that could cause actual results to differ materially from
the Company's expectations include the uncertainties involving
success of exploration, permitting timelines, requirements for
additional capital, government regulation of mining operations,
environmental risks, unanticipated reclamation expenses, supplies
and services the interpretation of drill results, the need for
additional financing to explore and develop properties and
availability of financing in the debt and capital markets;
uncertainties involved in the interpretation of drilling results
and geological tests; the need for cooperation of government
agencies and native groups in the development and operation of
properties; the need to obtain permits and governmental approvals;
unanticipated variation in geological structures, metal grades or
recovery rates; unexpected cost increases, which could include
significant increases in estimated capital and operating costs;
fluctuations in metal prices and currency exchange rates; and other
risks and uncertainties disclosed in the Company's Annual Report on
Form 10-K for the year ended November 30,
2018 filed with Canadian securities regulatory authorities
and with the United States Securities and Exchange Commission and
in other Company reports and documents filed with applicable
securities regulatory authorities from time to time. The Company's
forward-looking statements reflect the beliefs, opinions and
projections on the date the statements are made. The Company
assumes no obligation to update the forward-looking statements or
beliefs, opinions, projections, or other factors, should they
change, except as required by law.
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SOURCE Trilogy Metals Inc.