Acquisition Date

2015 / Apr / 28

Terms

2.0% NSR

Operator

Blende Silver Corp.

The Blende deposit is a strata-bound carbonate-hosted polymetallic deposit located on the Mackenzie Platform in the Yukon Territory. The mineralization is described as a structurally controlled, breccia-hosted system and has been traced over an eight km strike length and to a vertical range exceeding 700 metres. Zinc and lead mineralization occur in five main areas on the property including Far West, West, Central, East and Far East.

Blende Silver Corp. is evaluating the Blende project as a potential bulk tonnage, open-pit mine and the company is planning to conduct a drill program to extend the mineralization along strike and down dip to test open-pit extensions. More than 25,000 metres of diamond drilling has been completed on the property and the mineralization remains open along strike and at depth.

Metallurgical testing and sampling is underway as part of a Preliminary Economic Assessment to evaluate the project economics.

In May 2021, Blende Silver Corp. released updates to the Mineral Resource estimate on the Blende deposit containing 4.6 Mt of Indicated Resource material grading 1.8% zinc, 1.6% lead, and 30.3 g/t silver, or 4.6% ZnEq. The Inferred Resource reported 42.2 Mt at 1.8% zinc, 1.6% lead and 27.5 g/t silver, or 4.5% ZnEq (based on 1.5% ZnEq cut-off grade), effective March 15, 2021.

Recent Activity

August 2021

The 2021 exploration program at the Blende project has been successfully drilling infill and extension holes in the West Zone and the near surface southeastern extension of a copper silver zone in the West Zone. The focus is on increasing the current Indicated and Inferred resources as well as expanding on the copper potential.

May 2021

Blende Silver Corp released updates to its NI 43-101 Resource Estimate Technical Report for the Blende deposit in north-central Yukon. The updated resource estimate was prepared to reflect current metal prices and costs which were used to calculate the cut-off grade of 1.5% ZnEq. This resulted in an increase of 15% Zinc, 7% Silver and 6% Lead. No additional drilling was completed or used to prepare the updated resource estimate.

Blende

 

Blende Royalty Map
Blende Royalty Map