High-Grade Copper Discovery
Selkirk Copper reports high-grade drill results from its Phase 2 Minto project.
Anonymous
Selkirk Copper reported a high-grade result from Phase 2 drilling at its Minto project in Yukon: a 5.4-meter interval at Minto North graded 9.27% copper, 7.43 g/t gold and 54.9 g/t silver, equivalent to 15.11% copper. The step-out hole is among the highest-grade results in the project’s historical database, and other drilling returned additional mineralization across Minto North, Area 118, Minto Main and Copper Keel. A second step-out suggests the 202 Lens remains open to the northwest, while the company says drilling is helping refine its understanding of the deposit. By September 28, Phase 2 had covered 52,485 meters in 224 holes; drilling is expected to continue through mid-October, with results intended to inform an updated resource estimate. The new results were not included in the project’s recent preliminary economic assessment, which estimated an after-tax net present value of C$494 million and targets first concentrate in the second half of 2028.
Key Points
1
Individual one-metre samples from the standout 26SCM209 intercept graded as high as 17.5% copper.
2
The two Minto North step-out holes suggest that higher grades may align along a north-northwest trend, a pattern Selkirk says it sees elsewhere across the deposit.
3
The completed Phase 2 drilling represented 105% of the planned meterage; remaining work was expected to focus on geotechnical data collection and exploration of new geophysical targets.
4
Selkirk said its first year of drilling comprised 365 diamond drill holes and 98,467 metres, involving about 200,000 person-hours and an approximately C$45 million investment.
5
Area 118 infill drilling was described as delineating high-grade mineralization within 100 metres of historical underground workings.
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