Glacier zone looking bigger for Angus & Ross

摘要

The new deposit discovered by Angus & Ross (AGU-L) at the Black Angel zinc-lead mine in western Greenland is now the third-largest zone ever found on the project, following drilling this past summer. And while that discovery is drilled out, progress has been steady on resuming mining at the old Black Angel mine itself. Drilling this summer has concentrated on the Glacier zone, which the company discovered in 2006 after it was exposed by the retreat of a glacier. Initially seen to be 500 metres long and drilled to a depth of 170 metres, the zone proved to have an inferred resource of 1.5 million tonnes at average grades of 4.76 percent zinc, 1.67 percent lead and 10.3 grams silver per tonne. (A small part of that resource - 147,000 tonnes - met indicated standards.)