Sully project terminated
A drill and analyses program by Kootenay Zinc Corp. (the company) of the Sully Property near Fort Steele has led the company to terminate any plans for a new mine.
Kootenay Zinc Corp. announced June 28: “The company has decided that based on the results of the most recent drill program, the company will not pursue the sully project and has terminated its option agreement with the vendors of the project.”
The Sully Property comprises 1,375 hectares located approximately 30 kilometres east of Kimberley’s Sullivan Mine.
The site “overlies rocks of similar age and origin as those which host the world-class Sullivan deposit, owned by Teck Resources Ltd. Sullivan was discovered in 1892, and is known to be one of the largest Sedimentary exhalative deposits (SEDEX) in the world. Over its 100-year lifetime, Sullivan produced approximately 150 million tonnes of ore, including approximately three hundred million ounces of silver, eight million tonnes of zinc and eight million tonnes of lead,” the company outlined in its media release.
“The equivalent level of strata as at Sullivan and that formed on the margin of that same basin are present at the Sully Property. The company cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the Sully Property.”
The company said eight analyses were done from recently completed test drills of the SY18-17 (drill hole) on the Sully claims.
The scientific and technical information contained in this news release has been reviewed and approved by the Company’s Project Manager, Paul Ransom, P.Geo., a “Qualified Person” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.