BeMetals boosts mineral resources at South Mountain
The company said that the updated MRE includes a substantially increased resource for the project while maintaining the high-grade nature of the mineralization.
The updated Measured & Indicated resource categories contain 187,650 tonnes grading 9.63% Zn, 151 g/t Ag, 2.19 g/t Au, 1.01% Pb and 0.63% Cu. This represents a 21.8% increase to the M&I tonnage from the historical 2019 MRE with a 20.36% Zn equivalent grade.
The updated Inferred resource category contains 756,300 tonnes grading 7.63% Zn, 196 g/t Ag, 1.40 g/t Au, 0.97% Pb and 0.81% Cu. This represents a 129.5% increase in the Inferred tonnage from the historical 2019 MRE with a 18.10% ZnEq.
President and CEO John Wilton commented, "We are very pleased with the results of this updated mineral resource estimate, more than doubling the high-grade inferred resources at the South Mountain deposit. Importantly, all of the zones and other known areas of mineralization remain open to further increase with future underground drilling."
South Mountain is a polymetallic development project focused on high-grade zinc and is located approximately 70 miles southwest of Boise, Idaho. The project was intermittently mined from the late 1800s to the late 1960s and its existing underground workings remain intact and well maintained.
According to historical smelter records, approximately 53,642 tons of mineralized material has been mined to date. These records also indicate average grades of 14.5% Zn, 363.42 g/t Ag, 1.98 g/t Au, 2.4% Pb, and 1.4% Cu, the company noted.
BeMetals is a precious and base metals exploration and development company focused on becoming a leading metal producer through the acquisition of quality exploration, development and potentially production stage projects.