CMC Unveils New Mineral Resource Estimate for Silver Hart Project
Wednesday, Nov 27, 2024 8:14 am ET
1min read CMC Metals Ltd. (TSX-V: CMB) recently announced a significant new Mineral Resource Estimate (MRE) for its Silver Hart Project in Yukon, Canada. The MRE, prepared in accordance with the Canadian Securities Administrators’ National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”), totals an Inferred resource of 8.82 Moz @ 145.2 g/t silver equivalent (“AgEq”) in 1,889,000 tonnes, utilizing a cut-off grade of 50 g/t AgEq.
The Silver Hart Project, CMC’s flagship property, comprises a high-grade classic meta-sediment hosted silver-lead-zinc veins identified in several sub-zones in the Main Zone, with mineralization traced for over 1.2 kilometers. The new MRE highlights the project’s potential, with notable grades in silver, lead, and zinc, and an open-pit amenable mineralization that starts at surface.
CMC’s President and CEO, Kevin Brewer, noted that the conceptual development plan aligns with the size and grade of the resource estimate. The plan involves fully evaluating the development of these resources for a seasonal, small-scale open pit operation, developing each of the known mineralized areas. The company aims to minimize project risk by utilizing an ore sorter to enhance ore grades, with the concentrate material then trucked to a processing facility. The closest potential mill may be at the Silvertip project owned by Coeur Mining, approximately 100 kilometers away.
The new MRE also notes opportunities to expand many of the known mineralized zones (TM, KL, K, S and M), further enhancing the project’s potential. Additionally, the Rancheria Silver District, in which the Silver Hart Project is located, straddles the Yukon and British Columbia border, offering potential for additional zones and adjacent properties, such as the 80% owned Blue Heaven Property, to be explored.
In conclusion, CMC Metals Ltd.’s new Mineral Resource Estimate for the Silver Hart Project underscores the project’s significant potential in the Rancheria Silver District. With high-grade mineralization, open-pit amenable resources, and opportunities for expansion, the Silver Hart Project is poised to attract investor attention. CMC’s commitment to engaging with local First Nations and evaluating processing options further strengthens the project’s appeal. As the company continues to refine the conceptual development plan and explore additional zones, investors can anticipate further updates on the Silver Hart Project’s progress.
The Silver Hart Project, CMC’s flagship property, comprises a high-grade classic meta-sediment hosted silver-lead-zinc veins identified in several sub-zones in the Main Zone, with mineralization traced for over 1.2 kilometers. The new MRE highlights the project’s potential, with notable grades in silver, lead, and zinc, and an open-pit amenable mineralization that starts at surface.
CMC’s President and CEO, Kevin Brewer, noted that the conceptual development plan aligns with the size and grade of the resource estimate. The plan involves fully evaluating the development of these resources for a seasonal, small-scale open pit operation, developing each of the known mineralized areas. The company aims to minimize project risk by utilizing an ore sorter to enhance ore grades, with the concentrate material then trucked to a processing facility. The closest potential mill may be at the Silvertip project owned by Coeur Mining, approximately 100 kilometers away.
The new MRE also notes opportunities to expand many of the known mineralized zones (TM, KL, K, S and M), further enhancing the project’s potential. Additionally, the Rancheria Silver District, in which the Silver Hart Project is located, straddles the Yukon and British Columbia border, offering potential for additional zones and adjacent properties, such as the 80% owned Blue Heaven Property, to be explored.
In conclusion, CMC Metals Ltd.’s new Mineral Resource Estimate for the Silver Hart Project underscores the project’s significant potential in the Rancheria Silver District. With high-grade mineralization, open-pit amenable resources, and opportunities for expansion, the Silver Hart Project is poised to attract investor attention. CMC’s commitment to engaging with local First Nations and evaluating processing options further strengthens the project’s appeal. As the company continues to refine the conceptual development plan and explore additional zones, investors can anticipate further updates on the Silver Hart Project’s progress.
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