These initial drill holes targeted the potential to the northeast, outside the area covered by the Historical Estimate, and intersected high-grade gold mineralization that remains open along strike, extending the mineralized strike by about 50 metres beyond the approximate 750 metre strike length covered by the Historical Estimate.
Drill holes Eagle-26-05 and Eagle-26-06, located approximately 200 metres and 250 metres northeast, respectively, of the McCabe Mine, both intersected high-grade zinc-silver VMS type mineralization.
Confirmed details from the source coverage
These intervals are on strike with three past-producing silver mines, recently acquired by Arizona Eagle, which are located approximately one kilometre northeast of the McCabe Mine.
The zinc-silver VMS intervals appear to have many similarities to the past-producing Iron King Mine1, located approximately four kilometres on strike to the northeast of the McCabe Mine.
Historic records at the Iron King Mine reported production from 1903 to 1969 of 5.7 million tons at a grade of 2.6 g/t gold, 98 g/t silver, 4.9% zinc, 1.8% lead, and 0.1% copper.
With the system open along strike and our drilling now stepping out toward our recently acquired Eagle Silver Project, we are excited about the district-scale exploration potential we are unlocking.
Context that stayed inside the record
Holes five and six have intersected zinc-silver VMS type mineralization, which appears to be similar to that of the past-producing Iron King Mine, located four kilometers to the north.
Initial drilling and sampling have identified a number of exploration targets on the Eagle Project in various types of mineralization.
Holes EAGLE-26-03 and EAGLE-26-04 intersected a sulphide-rich shear zone from approximately 390 to 400 m and 380 to 388 m downhole (vertical depths of approximately 150 metres), respectively, approximately along strike from the historically mined mineralization.
Daniel Moreau Barringer — Philadelphia lawyer turned mining engineer, wealthy from a silver strike, stubborn by profession — heard about the iron-strewn crater and drew the conclusion the establishment had declined: a giant iron meteorite had punched the hole, and the meteorite must still be down there.
