Black Smoker Ventures (CNSX:BSM) said Thursday it reached a depth of 900 metres as it continues its first-phase diamond drill campaign at its Fox Lake Mine in Manitoba.
The exploration company currently is drilling ahead at a depth of 900 metres, approaching a target of 1,200 metres.
drill program is aimed at testing deeply buried conductive targets
beneath historical Fox Mine ore bodies, the company said.
Lake mine has never been tested at depth, and this geophysical signature
has emerged as the primary drill target for the first-phase drilling
“We are pleased with the progress being made at Fox
Lake and look forward to the completion of this potentially high impact
drill hole,” Black Smoker Ventures' chief executive Carson Seabolt said in a release.
The hole is slated to be completed by month’s end. Assays will soon follow.
Vancouver-based exploration company also announced on Thursday it bowed
out of its Kelsey gold claims in Manitoba, but continues to maintain
its core portfolio which include the Vena and Wyatt gold projects.
Smoker, in late April, acquired five adjacent mineral claims covering
some 2,464-hectares in the Omineca mining division in British Columbia.
purchase agreement was struck with Jevin Werbes. Black Smoker will pay
Werbes $10,000 for the claims and dish out 500,000 shares of the
The Fox Lake project, historically, is one of Manitoba’s largest volcanogenic massive sulphide deposits and copper producers.
company’s Fox Lake volcanogenic massive sulphide project consists of
eight mineral claims that covers 1,856-hectares in the northwest corner
Black Smoker, through modern geophysical surveys on the property, has identified multiple targets.
the Fox Lake project was in production between 1970 to 1985 whien it
produced 12 million tonnes at 1.82 per cent copper and 1.78 per cent
zinc, or more than 400 million pounds of copper.