Darnley Bay releases update on Pine Point Lead-Zinc Project
2017-03-17 13:37:42 【Print】
BEIJING (Asian Metal) 17 Mar 17 - Darnley Bay Resources Limited (“Darnley Bay” or the “Company“) announced several developments regarding it’s 100% owned Pine Point lead-zinc project near Hay River, Northwest Territories
Additionally, the Company has acquired additional properties in the Pine Point area through staking . The new staking adds eight claims totalling 3490 hectares to the approximately 18,000 hectares already held through mining leases and claims by Darnley Bay in the region . The land-use permit applies only to the original 18,000 hectares.
Darnley Bay intends to begin an Induced Polarization Survey on the new claims, followed by drilling of any targets which are found, once permits are obtained for the newly staked property.
. The Company has received the land-use permit which will allow drilling to begin . Simultaneously the Company has signed a drilling contract with a local aboriginally-registered company . The first phase is a 3,500 metre drilling program which is scheduled to commence shortly and will be followed by at least two additional phases of drilling throughout the year.
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