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CMC Metals Ltd. Intersects Mineralization at its Silverknife Property, North-central British Columbia and Provides Exploration Update
VANCOUVER, BC / ACCESSWIRE / July 31, 2023 / CMC Metals Ltd. (TSX-V:CMB)(Frankfurt:ZM5P)(:OTCQB:...
About this update from Walker Lane Resources Ltd.
[{"type":"text","content":"CMC Metals Ltd. Intersects Mineralization at its Silverknife Property, North-central British Columbia and Provides Exploration UpdateVANCOUVER, BC / ACCESSWIRE / July 31, 2023 / CMC Metals Ltd. (TSX-V:CMB)(Frankfurt:ZM5P)(:OTCQB:CMCXF) (\"CMC\" or the \"Company\") is pleased to announce that it has intersected mineralization in the second hole drilled within the Silverknife prospect, north-central British Columbia. Mineralization has been observed in several intersections of limestones in the Kechika Formation and is characteristic of silver-lead-zinc \"CRD style\" mineralization. It comprises of manganese alteration, sphalerite, galena, and zincite. Examination of the core with XRF has also indicated the possible presence of manganese, other iron sulfides, zinc, lead, and possibly gold. Core is being prepared for assaying which will include testing for critical minerals such as germanium and gallium. The first hole intersected the contact between the sediments and the granite-granodiorite intrusive which is important as it indicates the possibility that the mineralization is resultant from the intrusion which provides the heat source for the movement of mineralized fluids into the overlying sediments. Approximately 700 meters of the proposed 3,000 meter drill program for the 2023 exploration season has been completed to date.The Silverknife property is located immediately west of the Silvertip Mine property owned by Coeur Mining (\"Coeur\"). The Silvertip Mine is one of the highest-grade underground silver-lead-zinc deposits in the world. Mineralization in the area is known to be characteristic of carbonate replacement style deposits and recent modelling of the Silvertip deposit has postulated the possibility of mineralization occurring throughout the significant sedimentary package with thickness of up to 2,500 meters. Of interesting note is that Coeur also postulated on the prospectivity of other sediments deeper in the sedimentary package such as the Kechika Group as possible targets for \"CRD\" and critical minerals mineralization.CMC completed a gravity survey over the Silverknife Prospect which identified a significant gravity anomaly coincident with previous geophysical (conductivity/EM) and geochemical anomalies. The Company is awaiting the geophysical report from Intelligent Exploration before providing any further com...