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Pistol Bay Commences Work on Dixie Claims - Red Lake, Ontario
VANCOUVER, BC / ACCESSWIRE / May 11, 2016 / Pistol Bay Mining Inc. (TSXV: PST) (the "Company...
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[{"type":"text","content":"Pistol Bay Commences Work on Dixie Claims - Red Lake, OntarioVANCOUVER, BC / ACCESSWIRE / May 11, 2016 / Pistol Bay Mining Inc. (TSXV: PST) (the \"Company') is pleased to announce that it has commenced a detailed compilation and review of historical exploration data on its Dixie property, 35 kilometres southeast of Red Lake, Ontario.\nThe Dixie property is situated in the Confederation Lake greenstone belt, which is known to host numerous Volcanogenic Massive Sulphide (VMS) occurrences and deposits. The largest VMS deposit to date, the South Bay Mine, produced, between 1971 and 1981, approximately 354,000,000 pounds of zinc, 57,600,000 pounds of copper and 3,740,000 ounces of silver from 1,600,000 short tons (recovered grades of 11.06% Zn, 1.8% Cu and 72.7 g/t Ag). The South Bay mine site is 45 kilometres east of the Dixie property on the same felsic volcanic unit.\nThe Dixie property covers four groups of airborne electromagnetic anomalies, known as Dixie 17, 18, 19 and 20. The Dixie 17, 18 and 19 anomalies were explored by Selco in the 1977-1981 period, by Noranda in 1989-1992 and by Tribute Minerals Inc. between 2002 and 2009. Selco drilled a total of 40 diamond drill holes, Noranda drilled 7 holes and Tribute Minerals drilled 11 holes.\nVMS type mineralized zones have been located on the Dixie, 17, 18 and 19 anomalies. A mineralized zone on Dixie 17 has yielded results up to 7.34% Zn and 1.4% Cu over a core length of 9.5 metres. The Dixie 18 mineralized zone has been drilled over a length of 250 metres and to a depth of 150 metres. Noranda made a resource estimate of 150,000 short tons grading 14% Zn (Note: this is a historical resource estimate that does not comply with NI 43-101 and has not been reviewed by a Qualified Person to assess its reliability). The Dixie 19 zone has been traced over a length of 500 metres, with drill intercepts including 6.33% Zn and 1.5% Cu over a core length of 3.55 metres.\nTribute Minerals carried out a Titan 24 \"deep earth imaging\" survey over the eastern one-third of the present Dixie property. It covered the Dixie 19 and 20 anomalies. The survey defined a new \"blind\" anomaly (i.e. one which does not come to surface) beneath the Dixie 19 zone. Two diamond drill holes put down in 2002 tested what appeared to be the top of this zone. Drill hole DX2002-01 was reported to have intersected 1....