TSX: NZC $0.080
Zn: $1.01/lb
Pb: $0.86/lb
Ag: $16.98/oz

Exploration Potential

Potential for significant increases to main quartz vein-type, stratabound massive sulphides and stockwork-style mineralization exists throughout the property. Drilling in the Main Zone has so far been restricted by topography and deeper drilling depths. The furthest hole to the north on the mineral resource (hole PC-95-125) intercepted identical vein-type and stockwork-type mineralization in the same stratigraphic/structural setting as seen in the underground workings, indicating the vein is still open-ended and continuing to the north, with the possibility of an additional stockwork-type zone. Confirmation of the continuation of the MQV was demonstrated with the deep drilling program at Casket Creek where drillhole PC-11-187w2 intersected MQV-like material at the approximate projected location. Furthermore, the trend of the known MQV vein directly intersects the Rico Showing, where a similar vein type occurrence has been exposed at surface in bedrock 2.5 kilometres north of the last drill hole. This zone also has excellent potential for hosting further stratabound type mineralization.

The southern part of the property contains numerous exposures of vein-type mineralization in identical geological settings to that found in the Main Zone. Some wide spaced exploration drill holes have also returned stratabound-type mineralization at locations three kilometres south of the defined mineral resource. These mineral showings ("Zones") are approximately 1 kilometre apart and extend approximately 10 kilometres to the south from the Main Zone (Zones 1-3) through to Zone 12. Associated stratabound mineralization has the potential to significantly increase the throughput of the mill, due to its much higher tonnes per vertical meter of depth.

Exploration Potential (Click to Enlarge)

 

Stratigraphic formations showing known resource outline and geological potential of the Prairie Creek Mine

 

Oblique view of Main Zone with mine site in background

Summary of Exploration

YearNo of holesMetresHighlights
1992226,322Discovery of previously unknown SMS mineralization by diamond drilling.
Discovery hole (PC-92-008) ran 10.60% Zn, 5.29% Pb, 44.37 g/t Ag, over 28.40 m.
1993318,432Tested for further SMS Mineralization. UTEM survey.
Extended MQV by intersecting 18 m of vein 170 m below workings.
Trench samples from Rico showing, in north showed grades of 18% Zn, 35% Pb, 242 g/t Ag in a vertical mineralized. Geological mapping in north claims (Sam).
19943111,113Extension of Main Zone, more SMS lenses in Zone 5, regional mapping.
Rico Zone and Zebra showing (MVT) trenching, IP Ground Geophysics.
19953610,082Minor trenching and surface sampling.
1997--Channel sampling of previously un-sampled underground drift development.
1999--Gate Claims 1 to 4 were staked and geological mapping, soil and rock sampling, was carried out for geochemical analysis based on a large surface grid.
Discovery of a mineralized vein in outcrop on Gate 1.
200151,711Diamond drilling program designed both to increase confidence in 1998 resource estimate and to identify new high-grade areas.
Possibility of high grade shoots recognized.
2004275,944MQV drilling which intersected significant mineralization.
Step out on the vein hit narrow but high grade intersections.
SMS exploration outside Main Area.
2005--Rehabilitation of underground workings, chip sampling of MQV underground.
2006193,393Phase 1 driving of decline tunnel and U/G drilling commences on MQV.
Channel and round sampling.
Drilling of Zone 8 mineralization investigated.
20075311,141Phase 1 U/G program confirms vein grades. Decline extended, phase 2 drilling.
Gate claims drilling and Zone 8, 9 and 11 show poor results.
201042,696Deep drilling in Casket Creek (for MQV) and proximal to resource drilling.
2011305,926Deep drilling in Casket Creek (wedging) and proximal to resource drilling.
2012115,926Deep drilling in Casket Creek and proximal to resource drilling, Geophysical Gravity & EM surveys, LIDAR survey of property.
201351,472Deep drilling and proximal to resource drilling, silt sampling.
2015215,548Underground drilling - MQV and STK infill and extension, channel samples taken.
Well1183Hydrology well.
 
Mineral exploration potential north of the resources (Click to Enlarge)

 

Helicopter providing supplies for Longyear 38 drill at Zone 9

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