logo-loader
Industry & servicesAerospace
viewBMC (UK) Ltd

BMC Limited builds base metals profile in Yukon

BMC has announced its first JORC resource for the KZK polymetallic project in the Yukon

Scott-Donaldson.jpg
Chief executive Scott Donaldson

It’s not a bad start for BMC Limited.

The company has just announced an inferred mineral resource at its Kudz Ze Kayah polymetallic project in the Yukon in north-eastern Canada, which it acquired last year.

As it stands, it’s estimated that KZK contains 15.4 million tonnes of ore containing 0.8% copper, 1.7% lead, 6.1% zinc, 1.4 grams per tonne gold and 133 grams per tonne silver.

But there should be more to come.

Although 25,000 metres of drilling took place at KZK across the 2015 drill season, the current numbers are largely based around results from historic drilling work undertaken by former owner Cominco, once a major player in the zinc space but now long since absorbed into the North American mining behemoth Teck (NYSE:TCK).

Cominco first discovered mineralisation at the ABM deposit on KZK back in 1994, but although some moves were made towards development, the subsequent decline in metals prices mitigated against further work.

But an understanding of that historic data lay at the heart of the planning for the 2015 drilling, the results of which should start to come in as 2016 progresses.

Cominco’s work also highlights highly prospective areas, as yet undrilled.

As a result of all this, chief executive Scott Donaldson, who used to run Aussie explorer Bauxite Resources (ASX:BAU), expressed his optimism that the new resource at KZK will be the first of a series of positive news announcements for BMC in 2016.

“We look forward to further resource updates in early 2016 once we complete analysis of the 2015 work,” he said.

“In addition, in 2016 we will see the commencement of metallurgical test work, pre-feasibility and definitive feasibility level studies.”

 

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Tesserent's planned $16 million acquisition expected to...

Tesserent Ltd (ASX:TNT) chief executive officer Julian Challingsworth updates Proactive on the cybersecurity company’s plan to acquire the security division of ICT consultants PS&C for $16 million, which is expected to double the company’s revenue. The acquisition is part of Tesserent’s...

5 hours, 10 minutes ago

2 min read