WHITEHORSE, YT, Nov. 15, 2012 /PRNewswire/ - Redtail Metals Corp. (TSX-V:RTZ) (the "Company") is pleased to announce that it has successfully completed the fall 2012 drill program on the R15 Property, Yukon Territory. Five diamond drill holes were completed for a total of 686m. All 5 holes intersected significant massive sulphide mineralization.
Significant results include:
- R12-11 which intersected 8.25m of 8.49% Zn, 3.94% Pb, 0.24% Cu, 34.7g/t Ag, and 0.061 g/t Au; and
- R12-09, which intersected 6.99m of 7.68% Zn, 3.05% Pb, 0.28% Cu, 30.21g/t Ag, 0.059g/t Au.
A complete table of results, location maps and pictures can be found on
the Company's website at:
The 5 holes were drilled at approximately 100m spacing to an average depth of 135m. These holes were designed as in-fill and step-out holes to delineate and expand the initial discovery holes drilled by Teck Cominco Limited (Teck) in 2004. All holes were oriented due south and drilled at -70 or -75 degrees. Complete results are listed in Table 1. To date mineralization has been intersected in a roughly 400 by 300m zone, which continues to be open in all directions. The mineralized horizon strikes approximately 330o and dips 15o to the northeast.
"Our highly successful initial drill program has confirmed and extended the high grade Teck discovery from 2004," said Interim CEO William M. Sheriff. "The continuity and predictability of the ore horizon, which remains open in all directions, is highly encouraging. We are eager to continue to expand this discovery while testing other mineralized horizons with an aggressive drill program in 2013."
The R15 Project consists of a Yukon Government Lease of Mining Rights to the Kaska Minerals Corporation dated February 3, 2004 covering 4,304 hectares. It is located approximately 120 km ESE of Ross River and approximately 25 km southwest of the Robert Campbell Highway within the prolific Finlayson Lake District; a crescent-shaped portion of the Yukon Tanana Terrane (YTT) located in the south-eastern part of the Yukon Territory that hosts numerous other volcanic-hosted massive sulphide deposits including the high-grade, poly-metallic Wolverine deposit, the Kudz Ze Kayah deposit, and the GP4F deposit.
The R15 Project lies 0.5 km along strike from, Teck's GP4F project (historical resource estimate of 1.5 million tonnes of 6.4% Zn, 3.1% Pb, 90 g/t Ag, 2 g/t Au(1)) and hosts massive sulphide mineralization that is geologically similar to the GP4F. The R15 mineralization may represent the continuation of the GP4F horizon along strike.
The R15 mineralization consists of a 3-8m thick zone of massive, semi-massive, and disseminated sulphide within altered Mississippian-aged felsic metavolcanic and metasediments of the Kudz Ze Kayah Formation. This zone consists of several 1-3m thick horizons of massive to semi-massive, brecciated and recrystallized sphalerite, galena, pyrrhotite, pyrite, and chalcopyrite with minor silica, plagioclase, + chlorite and biotite gangue.
In 2004, Teck Cominco Limited optioned the R15 Property from Kaska Minerals and subsequently drilled 7 diamond drill holes on the property (1). Five of the drill holes intersected significant mineralization including four which constitute the original R15 discovery with the best intersection returning 3.4m of 15.84% Zn, 7.09% Pb, 0.2% Cu, 68 g/t Ag, 0.268 g/t Au in R04-006.
Several other mineralized horizons have been identified in the area through geophysics and the initial 7 hole diamond drilling program including a 1.9m intersection of 6.3% Zn, 4.15% Pb, and 43 g/t Ag in drill hole R04-002, which was drilled approximately 400m to the east of the Main Zone (Figure 2 and 3). It is now interpreted that this hole was stopped short of the main R15 horizon but likely succeeded in identifying a second mineralized horizon lying stratigraphically above the R15 horizon. No additional work has yet been directed to this second mineralized horizon. The model of mineralization will continue to evolve with further drilling.
Sampling Methodology, Quality Control and Assurance
The drill holes were drilled using a fly 600 diamond drill utilizing NTW core sizes (5.6 cm/2.2"). The core was cut on site and one half was sent to the lab for analysis and the other half retained on site.
The core samples were sent to ALS Mineral's ISO 9001 certified preparation facility in Whitehorse. The pulps were analyzed at ALS's ISO 9001 certified laboratory in Vancouver. Blanks, commercial standards and duplicate samples were included for each hole. Samples were crushed and pulverized and dissolved using a four acid digestion prior to being analyzed using Inductively Coupled Plasma - Atomic Emission Spectrometry (ICP-AES). Overlimits for Zinc (>100,000ppm) were reanalyzed using ore grade ICP-AES. Gold values were obtained using fire assay and Atomic Absorption finish (AAS). Specific Gravity was determined on pulps using pycnometer.
Redtail Metals employs high standards of protocol with respect to the handling and chain of custody of its samples. All sampling is conducted under the supervision of the Company's Vice President, Exploration and the chain of custody from the drill to the sample preparation and logging facility is continually monitored on site. Samples are shipped to the lab by qualified couriers or by Company personnel. Data verification of the analytical results includes a statistical analysis of the duplicates, standards and blanks that must pass certain set parameters for acceptance to insure accurate and verifiable results.
The technical contents of this release have been reviewed and approved by Gilles Dessureau, MSc., PGeo. Mr. Dessureau is the Company's Vice-President, Exploration and a Qualified Person as defined by National Instrument 43-101.
About Redtail Metals Corp.
Redtail Metals specializes in identifying, acquiring and developing quality precious metal enriched copper, lead and zinc mineral deposits in Yukon, Canada. The Company currently controls the R15 Project in the Finlayson Lake District plus the Marg and Clear Lake massive sulfide deposits, both with 43-101 compliant mineral resources. Redtail Metals, a member of the Predator Group of Companies, has a committed management team with extensive experience in the Yukon.
(1) MacRobbie, P.A., and Holroyd, R.W., 2004. 2004 Summary Report, R-15 Option (KZK Project) Canada, Linecutting, Grid Ground Geophysical Surveys (UTEM/MAG), Diamond Drilling, and Minor Geological Mapping. Exploration Report for Kaska Minerals Corporation and Yukon Territorial Government.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance. There are numerous risks and uncertainties that could cause actual results and Redtail Metals' plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, Redtail Metals' assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.
SOURCE Redtail Metals Corp.