WHITEHORSE, YT, Nov. 15, 2012 /PRNewswire/ - Redtail Metals Corp. (TSX-V:RTZ) (the "Company") is pleased to announce that it has
successfully completed the fall 2012 drill program on the R15 Property,
Yukon Territory. Five diamond drill holes were completed for a total of
686m. All 5 holes intersected significant massive sulphide
Significant results include:
R12-11 which intersected 8.25m of 8.49% Zn, 3.94% Pb, 0.24% Cu, 34.7g/t
Ag, and 0.061 g/t Au; and
R12-09, which intersected 6.99m of 7.68% Zn, 3.05% Pb, 0.28% Cu,
30.21g/t Ag, 0.059g/t Au.
A complete table of results, location maps and pictures can be found on
the Company's website at:
The 5 holes were drilled at approximately 100m spacing to an average
depth of 135m. These holes were designed as in-fill and step-out holes
to delineate and expand the initial discovery holes drilled by Teck
Cominco Limited (Teck) in 2004. All holes were oriented due south and
drilled at -70 or -75 degrees. Complete results are listed in Table 1.
To date mineralization has been intersected in a roughly 400 by 300m
zone, which continues to be open in all directions. The mineralized
horizon strikes approximately 330o and dips 15o to the northeast.
"Our highly successful initial drill program has confirmed and extended
the high grade Teck discovery from 2004," said Interim CEO William M.
Sheriff. "The continuity and predictability of the ore horizon, which
remains open in all directions, is highly encouraging. We are eager to
continue to expand this discovery while testing other mineralized
horizons with an aggressive drill program in 2013."
The R15 Project consists of a Yukon Government Lease of Mining Rights to
the Kaska Minerals Corporation dated February 3, 2004 covering 4,304
hectares. It is located approximately 120 km ESE of Ross River and
approximately 25 km southwest of the Robert Campbell Highway within the
prolific Finlayson Lake District; a crescent-shaped portion of the
Yukon Tanana Terrane (YTT) located in the south-eastern part of the
Yukon Territory that hosts numerous other volcanic-hosted massive
sulphide deposits including the high-grade, poly-metallic Wolverine
deposit, the Kudz Ze Kayah deposit, and the GP4F deposit.
The R15 Project lies 0.5 km along strike from, Teck's GP4F project
(historical resource estimate of 1.5 million tonnes of 6.4% Zn, 3.1%
Pb, 90 g/t Ag, 2 g/t Au(1)) and hosts massive sulphide mineralization that is geologically similar
to the GP4F. The R15 mineralization may represent the continuation of
the GP4F horizon along strike.
The R15 mineralization consists of a 3-8m thick zone of massive,
semi-massive, and disseminated sulphide within altered
Mississippian-aged felsic metavolcanic and metasediments of the Kudz Ze
Kayah Formation. This zone consists of several 1-3m thick horizons of
massive to semi-massive, brecciated and recrystallized sphalerite,
galena, pyrrhotite, pyrite, and chalcopyrite with minor silica,
plagioclase, + chlorite and biotite gangue.
In 2004, Teck Cominco Limited optioned the R15 Property from Kaska
Minerals and subsequently drilled 7 diamond drill holes on the property (1). Five of the drill holes intersected significant mineralization
including four which constitute the original R15 discovery with the
best intersection returning 3.4m of 15.84% Zn, 7.09% Pb, 0.2% Cu, 68
g/t Ag, 0.268 g/t Au in R04-006.
Several other mineralized horizons have been identified in the area
through geophysics and the initial 7 hole diamond drilling program
including a 1.9m intersection of 6.3% Zn, 4.15% Pb, and 43 g/t Ag in
drill hole R04-002, which was drilled approximately 400m to the east of
the Main Zone (Figure 2 and 3). It is now interpreted that this hole
was stopped short of the main R15 horizon but likely succeeded in
identifying a second mineralized horizon lying stratigraphically above
the R15 horizon. No additional work has yet been directed to this
second mineralized horizon. The model of mineralization will continue
to evolve with further drilling.
Sampling Methodology, Quality Control and Assurance
The drill holes were drilled using a fly 600 diamond drill utilizing NTW
core sizes (5.6 cm/2.2"). The core was cut on site and one half was
sent to the lab for analysis and the other half retained on site.
The core samples were sent to ALS Mineral's ISO 9001 certified
preparation facility in Whitehorse. The pulps were analyzed at ALS's
ISO 9001 certified laboratory in Vancouver. Blanks, commercial
standards and duplicate samples were included for each hole. Samples
were crushed and pulverized and dissolved using a four acid digestion
prior to being analyzed using Inductively Coupled Plasma - Atomic
Emission Spectrometry (ICP-AES). Overlimits for Zinc (>100,000ppm) were
reanalyzed using ore grade ICP-AES. Gold values were obtained using
fire assay and Atomic Absorption finish (AAS). Specific Gravity was
determined on pulps using pycnometer.
Redtail Metals employs high standards of protocol with respect to the
handling and chain of custody of its samples. All sampling is conducted
under the supervision of the Company's Vice President, Exploration and
the chain of custody from the drill to the sample preparation and
logging facility is continually monitored on site. Samples are shipped
to the lab by qualified couriers or by Company personnel. Data
verification of the analytical results includes a statistical analysis
of the duplicates, standards and blanks that must pass certain set
parameters for acceptance to insure accurate and verifiable results.
The technical contents of this release have been reviewed and approved
by Gilles Dessureau, MSc., PGeo. Mr. Dessureau is the Company's
Vice-President, Exploration and a Qualified Person as defined by
National Instrument 43-101.
About Redtail Metals Corp.
Redtail Metals specializes in identifying, acquiring and developing
quality precious metal enriched copper, lead and zinc mineral deposits
in Yukon, Canada. The Company currently controls the R15 Project in the
Finlayson Lake District plus the Marg and Clear Lake massive sulfide
deposits, both with 43-101 compliant mineral resources. Redtail Metals,
a member of the Predator Group of Companies, has a committed management
team with extensive experience in the Yukon.
(1) MacRobbie, P.A., and Holroyd, R.W., 2004. 2004 Summary Report, R-15
Option (KZK Project) Canada, Linecutting, Grid Ground Geophysical
Surveys (UTEM/MAG), Diamond Drilling, and Minor Geological Mapping.
Exploration Report for Kaska Minerals Corporation and Yukon Territorial
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
No stock exchange, securities commission or other regulatory authority
has approved or disapproved the information contained herein. This
press release contains projections and forward-looking information that
involve various risks and uncertainties regarding future events. Such
forward-looking information can include without limitation statements
based on current expectations involving a number of risks and
uncertainties and are not guarantees of future performance. There are
numerous risks and uncertainties that could cause actual results and
Redtail Metals' plans and objectives to differ materially from those
expressed in the forward-looking information. Actual results and future
events could differ materially from those anticipated in such
information. These and all subsequent written and oral forward-looking
information are based on estimates and opinions of management on the
dates they are made and are expressly qualified in their entirety by
this notice. Except as required by law, Redtail Metals' assumes no
obligation to update forward-looking information should circumstances
or management's estimates or opinions change.
SOURCE Redtail Metals Corp.