The Bermingham prospect is located adjacent to and along strike of the Hector-Calumet mine mineralized vein system that historically produced 96 million ounces of silver. Previously-released results from Bermingham identified a relatively complex geological environment in which significant silver mineralization was developed within broad zones (typically 3 to 10 opt silver over 4 to 26 meters thick) that could be traced with confidence along strike for more than 400 meters and to a depth of at least 350 meters in two segments offset along the Mastiff Fault (the southerly Etta Zone and the northerly Arctic Zone). The 2012 drilling at Bermingham was designed to infill around the originally-defined Etta resource and to identify extensions of the major mineralized structures along strike to the west and in the footwall of the Mastiff Fault (Arctic Zone). Drilling in the Arctic Zone in 2012 has identified additional high grade silver mineralization and also extended the mineralization approximately 110 meters northeast and 90 meters southwest into further fault-bounded vein sections. The most northeasterly drill hole (K-12-0477) in the Arctic Zone intercepted the Bermingham structure over a true width of approximately 3.97 meters at an average silver grade of 47.83 opt.
In addition to silver-lead-zinc mineralization, significant gold assays have also been returned from the subparallel Aho Vein, including drill hole K-12-0446 that returned 10.30 gpt gold over 0.53 meters true thickness. The potential for significant strike continuity of this mineralized structure is demonstrated by another intercept of 14.85 gpt gold over 0.99 meters true thickness in drill hole K-12-0485, located some 500 meters to the northeast.
The Bermingham mineralized system remains open in all directions, especially to the northeast where linkage to the Hector-Calumet mine remains to be resolved, but also to the southwest where there remains a kilometer of untested ground to the historical Coral Wigwam mines.
2012 Husky Drill Assay Highlights
-- K-12-0423 intersected the Husky Vein over 1.81 meters true width from 321.72 meters with a composite assay value of 474 gpt silver (13.83opt) that included 0.08 meters true width from 324.91 meters that graded 3,060 gpt silver (89.25 opt).-- K-12-0464 intersected the Husky Footwall Vein over 0.45 meters true width from 348.03 meters with an assay value of 416 gpt silver (12.13 opt).
The Husky prospect is located at the historical Husky mine, which produced 18 million ounces of silver up until 1989. The mine is located near Elsa, about four kilometers to the west of Bermingham. Since the end of March 2012, 13 drill holes for 4,748 meters were completed, representing the first dedicated exploration below the historical mine workings that reportedly bottomed in ore-grade mineralization.
The 2012 drilling was concentrated on two main areas:
-- Down-dip of the historical Husky mine workings, where a mineralized vein was intersected in K-12-0423, thus extending the known dip extent of the mineralized system by almost 200 meters.-- 400 meters southwest of the historical Husky mine workings, where a second mineralized vein, previously unknown, was intersected in the footwall of the Husky Vein.
The discoveries beneath the old Husky mine and in the footwall of the main Husky structure are significant, as these open up further areas of potential mineralization along and beneath the historically productive Elsa-Husky - Husky Southwest structure which historically produced 48.5 million ounces of silver.