DEMCo Ltd. Announces a New IOCG Discovery & Highlights Exploration Results at Camsell River, NWT
3 December 2014
- Prospecting samples up to 16.302 grams per tonne gold, 21.04% copper
- Drill intersections include 65.53 metres of 0.51% copper equivalent
Darrell Beaulieu, CEO of Denendeh Exploration and Mining Company (DEMCo) Ltd. is pleased to announce the results of DEMCo’s 2014 exploration program on its 8,114-hectare Camsell River mining property, southeast of Great Bear Lake, NWT. The Camsell River property encompasses four former producing silver mines, including the Silver Bear mine (often called the Terra mine) that operated from 1969 to 1985. During the 2014 program, prospectors located occurrences of copper-gold and associated polymetallic minerals over a 10-kilometre wide swath within what is now recognized as an IOCG (iron-oxide-copper-gold) type mineralized system. Resampling of historic drill core produced two wide intercepts of copper-gold-zinc-lead silver mineralization in one hole, including 65.53 metres of 0.51% copper equivalent(1).
