Redtail Intersects 8.25m of 8.49% Zn, 3.94% Pb, 34.7 g/t Ag in
Massive Sulphide at the R15 Project, Yukon
TSX-V:RTZ
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
mineralization.
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:
http://www.redtailmetals.com/documents/RTZ-NR-12-03-R15-Drill-Results.pdf
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."
R15 Project
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
Government.
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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.