Century mining study results imminent
Latest assays from recent Silver King drilling include 6m grading at 24.3 per cent lead equivalent, with 20.7 per cent lead, 5.1 per cent zinc and 109g/t silver.
New Century said the company had taken the strategic decision to expand exploration activities on its tenements surrounding the Century operations.
Further exploration at Silver King and Watson’s Lode will now be accelerated.
New Century said it had secured the ongoing use of IP equipment and an exploration drilling rig, with drilling set to begin in late September 2021.
New Century sees strong potential for the near-term development of Silver King and East Fault Block into mining operations and the future development of other in-situ deposits including Watson’s Lode.
It said today results from the in-situ feasibility study for Silver King and East Fault Block were nearing finalisation and were expected to be announced in September, together with a maiden ore reserve for the Silver King and East Fault Block deposits.
The company also released a maiden resource for Watson’s Lode, located about 10km from the existing Century processing plant.
It stands at 1.74 million tonnes, grading at 7.7 per cent zinc, 2 per cent lead and 10g/t silver, with more than 2km of strike identified to date, open in all directions.
The company described Watson’s Lode as being very much like the existing Silver King deposit, with similar potential for open pit and underground operations.
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