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Roughrider Announces Acquisition of Sabin Zinc Property, Ontario
VANCOUVER, BC / ACCESSWIRE / March 6, 2017 / Roughrider Exploration Limited (TSX-V: REL) (...
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[{"type":"text","content":"Roughrider Announces Acquisition of Sabin Zinc Property, Ontario\nVANCOUVER, BC / ACCESSWIRE / March 6, 2017 / Roughrider\nExploration Limited (TSX-V: REL) (\"Roughrider\") is pleased to announce that it has entered into a letter agreement with Commander Resources Ltd.(\"Commander\") allowing Roughrider to acquire up to a 100% interest in Commander's Sabin zinc-copper-silver volcanogenic massive sulphide (VMS) project (the \"Sabin Zinc Property\") located in northwestern Ontario, Canada, some ten kilometres north of the community of Savant Lake. The Sabin Property is in the Sturgeon Lake greenstone belt, host to significant polymetallic VMS deposits including the Sturgeon, Mattabi, Lyon and \"F\" VMS mines. Mining ceased in the belt in 1991. Please see the presentation regarding the Sabin Zinc property for more details on Roughrider's web site at: http://www.roughriderexploration.com/i/pdf/presentation/presentation.pdf.\nThe Sabin Zinc Property was first worked by Union de Miniere Exploration (UMEX) in the 1970's. Initial work by UMEX led to the discovery of the Marchington Zone where shallow drilling on 15 metre centres outlined a small historical resource from 15 metres to 61 metres depth.\n Marchington\nZone Historic Resource:\n 123,000 tonnes 2.9% Zn 0.7% Cu 1.3 % Pb 56 gpt Ag.\nThe Marchington Zone resource was defined by UMEX (based on internal company documents dated June 19, 1980), as historic in nature, is the most recent resource estimate currently available and is not to be relied upon except to provide an indication of exploration potential on the property. It was defined by exploration professionals working for major companies widely repudiated as competent, utilizing methodology accepted and relied upon as standard industry practice at the time, but that is not now compliant with National Instrument 43-101. The reader is cautioned that a qualified person has not done sufficient work to classify this historical estimate as current resources and Roughrider is not treating it as a current mineral resource. \nIn addition to the Marchington Zone horizon, three additional partially drill tested zones have been identified including the Kash, South and S-23 zones. Summary of geological highlights of the Sabin Zinc Property are presented below:\n\n\n Four sulphide enriched horizons indicated from drilling: Marchington, Kash...