Greg Johnson, President and CEO, commented, “Over the past several months, the Company has been developing and refining its 3D geologic and structural model for the Central Keno Hill Silver District and has completed new processing and interpretation of airborne resistivity and magnetic data, including integration of new remote sensing data over this part of the project. A key indication from this work is that the advanced Caribou, Duncan, and Gold Hill drill targets form part of a much larger structural corridor that includes the historic Keno Hill mine and that is comparable in surface expression and structural setting to the +100 million-ounce Bermingham-Calumet system (see Figure 3) in the more extensively explored Galena Hill area in the West Keno Hill Silver District. In addition, parallel structures with similar structural characteristics occur both to the north and south at the Bounty and Homestake target areas (see Figure 3).
“The Central Keno District shows excellent potential for the continued expansion of areas of known silver mineralization and for new discoveries from our surface exploration work and reconnaissance drilling. This will be an important priority area of focus and follow-up work for exploration in 2019. Drilling of surface targets at the Keno Summit target area has successfully intercepted the targeted mineralized structures at over a 90% success rate. Our focus now is to vector along these mineralized structures within the preferred host rock windows to define the areas of thicker, high-grade Keno-style silver mineralization that can build towards significant mineral resources. We are excited about the second half of the year as we follow up on a number of important recent developments and value creating initiatives. We look forward to providing additional news, including new results from 2019 exploration along with an update on the modelling and plans at the Company’s targets in the West Keno Hill Silver District.”
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