Acquisition Date

2014 / Sep / 09

Terms

1.0% NSR

Operator

Silver Range Resources Ltd.

The Mel project is located in the Watson Lake Mining District in the Yukon Territory. Zinc-lead-barite mineralization is hosted within Cambrian to Ordovician marine sediments and similar age volcanics. Four sediment-hosted, zinc-rich zones have been identified: the Mel Main, Jeri, Jeri North, and Mel East zones.

The Mel Main Zone has an Inferred Mineral Resource of 5.4 Mt grading 6.45% zinc, 1.85% lead, and 44.8% barite (5.00% ZnEq cut-off). This zone consists of course-grained sphalerite and galena disseminated throughout a mixture of mudstone, silica-carbonate and coarsely crystalline barite. A barite marketing study regarding potential production of barite from the property was completed by World Industrial Minerals Inc. in 2014. The study concluded that barite from the Mel project could likely be sold into the drilling products market in Western Canada and Alaska.

Mel

 

Mel Royalty Map
Mel Royalty Map