The Prospector News

Ubique Mineral First Assay Results from Diamond Drilling Program on MINKAP Option at Daniel’s Harbour Confirm Zinc Intersections Up to 8.8% Zinc Over 4.3 Metres

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Ubique Mineral First Assay Results from Diamond Drilling Program on MINKAP Option at Daniel’s Harbour Confirm Zinc Intersections Up to 8.8% Zinc Over 4.3 Metres

 

 

 

 

 

Ubique Minerals Limited (CSE:UBQ) announces it has received assay results from the first three diamond drill holes at Daniel’s Harbour, Newfoundland, which were drilled into targets on the MINKAP option property. These holes were targeted to duplicate intersections by historic holes into three zones of mineralization. All intersected zinc mineralization as previously identified by the historic drilling. Hole UM29 intersected 7.86% zinc over a core length of 8.4 metres: hole UM30 intersected 4.34% zinc over a core length of 3.65 metres and hole UM31 intersected 8.80% zinc over a core length of 4.30 metres.

 

All of the drill holes were vertical holes and intersected approximately true thicknesses of the near flat sedimentary host rock horizons. The first hole – UM29 – was drilled as a twin to historic hole T1386 which was reported to have intersected 18.8 (5.73 metres) feet averaging 8.96% Zinc from a depth of 551 feet. The second hole was drilled close to historic hole T1311 in what is called the Nose Zone. That hole intersected 6.79% Zinc over 21.5 feet (6.55 metres) from a depth of 462.1 feet. The third hole was drilled more than 400 feet east along the Nose Zone and twinned historic hole T1135 which intersected 5.91% Zinc over 16.2 feet (4.94 metres) from a depth of 440.4 feet. The table below compares the results of the current drilling with the historical holes.

 

 

Hole # From To Width % zinc
UM29 161.05m 169.45m 8.4m 7.86
T1386 168.22m 173.95m 5.73m 8.96
UM30 143.1m 146.75m 3.65m 4.34
T1311 140.85m 147.40m 6.55m 6.79
UM31 133.1m 137.4m 4.30m 8.80
T1135 134.23m 139.17m 4.94m 5.91

 

Zinc mineralized intervals identified in the core logging were sampled by half core sawing, with one half of the core shipped to Atlantic Analytical Laboratories of Springdale, Newfoundland for assaying. Atlantic Analytical is an ISO 17025 registered laboratory. Appropriate standards and blanks were inserted into the samples sequence for quality control in accordance with Ubique’s standard QA/QC protocol which was developed for the drill program in 2018 (see press release dated November 30th, 2018).

 

Each of the recent drill holes was collared within 1 metre of the collars of the historic holes and like the historic holes were drilled vertically. The historic holes were drilled with a smaller diameter core recovery (AQ – 27mm diameter approximately) than the recent drill holes which were B-thin wall core size being approximately 36mm in diameter. Holes drilled with smaller sized drill rods may deviate more from their original orientation as the holes progress deeper. Therefore it is possible that even though the pairs of holes were collared only 1 metre apart, there spacing at the depth of the mineralized interval could have been greater. Down hole surveys were not made on either the historic or recently drilled holes so no estimate of possible deviation can be made. Such deviation would also affect the recorded depth of the mineralization in each hole which could explain why the variation of intervals recorded by the new and old drill holes is greater with greater depth. As holes deviate from vertical they no longer cut the zinc mineralized zone as a true thickness.

 

Gerald Harper, CEO of Ubique commented that “given the problems involved in twinning drill holes as described, the results of the comparative assay intervals confirm that the historic drilling and assaying can be considered as valid and therefore will require considerably less additional diamond drilling to further explore these “1386 and Nose zones of zinc mineralization”.

 

Ubique’s Daniels Harbour Zinc Project – 2019 Diamond Drilling Program.

 

Ubique owns 85 Mineral Licenses located in the Daniel’s Harbour area in Newfoundland, Canada, covering more than 21 sq. kms, in two blocks and has another 42 Licenses covering 10 sq. kms. under option from MinKap Resources Inc. The Ubique Licenses cover three zones of zinc mineralization, namely P Zone, Cobo’s Pond and Tilt Pond. The P Zone is where Ubique completed most of its 2017 and 2018 drilling programs, the highlight of which was a true width intersection of 13.6% Zinc over 12.2 metres including 17.43% Zinc over 8.6m. More than 20 historic and recent drill holes in this target area have intersections with greater than 4% zinc over at least 2 metres true widths and demonstrate the zone extends for at least 150 metres. The KAP Option claims cover areas of the historic mining activity and research identified five high priority drill target areas. The former drilling at each of these sites is considered as historic and not acceptable under the criteria defined by National Instrument 43-101 without demonstrated duplication and validation.

 

The zinc mineralization intersected is a very pale coloured sphalerite, characteristic of a low-iron, Mississippi-Valley-Type carbonate rock geological environment analogous to many large deposits in north America. Seven million tonnes, averaging 7.8% zinc, were mined from the former Daniel’s Harbour mine and processed on site to yield a very high grade concentrate for shipping from a nearby deep water port facilities to a custom zinc smelter. (Wardle, R.J. (2000) Mineral Commodities of Newfoundland and Labrador – Zinc and Lead; Government of Newfoundland and Labrador, Geological Survey, Mineral Commodities Series Number 1).

 

About Ubique Minerals Limited.

 

Ubique Minerals Limited is a zinc exploration company listed on the CSE. It has focused on exploration of its 100% owned Daniel’s Harbour zinc property in Newfoundland, and was initially funded for two years by private equity including that from Greenbank Capital Inc (CSE:GBC) (OTCMKTS:GRNBF) (FRA:2TL). Ubique became a publicly listed company in September 2018. Ubique undertook one drilling program on its Daniel’s Harbour zinc project in 2017 and two more drilling campaigns in 2018 which were successful in delineating zinc mineralization extending from the vicinity of former mine workings. Ubique has an experienced management group with a record of multiple discoveries of deposits worldwide, and has an extensive database of historic exploration results from the Daniel’s Harbour area.

 

Dr. Gerald Harper, P.Geo.(Ont), the CEO of Ubique, is the qualified person as defined by NI 43-101 responsible for the technical data presented herein and has reviewed and approved this release.

 

 

View of collars of drill holes T1386 on left and UM29 on right.

 

Comparison of sizes of A and B core.

 

Posted October 21, 2019

Share this news article

MORE or "UNCATEGORIZED"


Alamos Gold Announces Friendly Acquisition of Argonaut Gold

Unlocking Value Through the Creation of One of Canada’s Lar... READ MORE

March 27, 2024

Foremost Lithium Reports Widest Intercept to Date; 32.53 Metres of Spodumene-Bearing Pegmatite at its Zoro Lithium Project in Manitoba, Canada

Highlights Include: Drill hole FL 24-009 intersected 32.53 metres... READ MORE

March 27, 2024

WESTERN COPPER AND GOLD ANNOUNCES METALLURGICAL PROGRAM AND ASSOCIATED DRILL RESULTS

Western Copper and Gold Corporation (TSX: WRN) (NYSE American: WR... READ MORE

March 27, 2024

Endeavour Reports Strong FY-2023 Results

ENDEAVOUR REPORTS STRONG FY-2023 RESULTS Production of 1.1Moz at AISC of... READ MORE

March 27, 2024

Orezone Reports 2023 Year-end and Q4 Results, and Provides 2024 Guidance

Orezone Gold Corporation (TSX: ORE) (OTCQX: ORZCF) reported its o... READ MORE

March 27, 2024

Copyright 2024 The Prospector News