Mitchall Mines and Minerals Limited Announce Drilling at Sunbreaker Cove Project Continues to Expand Mineralization
Mitchall Mines and Minerals Limited is pleased to report on near surface and deep exploration drilling progress at its Sunbreaker Cove project in Alberta, where the Company commenced commercial production last year.
Drilling has successfully defined additional mineralization that is expected to increase the gold resource/reserve base and extend the project's life. Estimates of the increase will be released in early 2025. Subject to permitting advancing as planned, the mining of this new zone could begin in the third quarter of 2025. In addition, drilling is planned early next year on another zone to the east of these recent finds.
The first deep drill hole was completed in October and was deemed a geological success as it confirmed the presence of the right host rock units over a large intercept of 370 meters, which contained anomalous gold-pathfinder elements and alteration indicating hydrothermal fluid movement through the rock formation.
The projected mine deposits are forecast to be over 100,000 ounces of gold. These additional deposits are expected to contain a further resource of approximately 11,000 gold ounces.
"The test results achieved so far are showing great potential for a considerable expansion to this site to yield greater returns than our initial estimates," said Sherman Darnell, Chief Operations Officer with Mitchall Mines and Minerals Limited.
"We will continue to expand our test drilling at the site to determine exact deposits, although we anticipate this could possibly take most of next year to complete. We will be making announcements throughout the drilling program when relevant to do so," Sherman Darnell added.
