Canadian Silver Hunter acquires new property in West Timmins
Canadian Silver Hunter Inc. has acquired an undivided interest in an additional 80 mining claims, in two blocks, and totalling 1,762 hectares, in Turnbull and Massey Townships, in West Timmins, newly named the "Dark Horse Property". The claims are in addition to the company's Lost Dog Property and Whitesides Property for an aggregate total of 143 claims and 3,003 hectares in the camp. The acquisition was completed pursuant to the terms of a claims purchase agreement dated January 27, 2021 between the Company and North American Explorations Ltd., an arms-length party.
The Dark Horse Property is located approximately 27 km northwest of the prolific Timmins gold mining camp and immediately north of the Sanatana Resources Gold Rush Property (see Sanatana Press Release dated Jan 31, 2021). Recent work by Sanatana included surface sampling programs that identified numerous gold-bearing and gold/silver-bearing quartz vein systems on their property. The best gold result was from a grab sample of 59.2 g/t gold from a brittle ductile shear in the vicinity of the north-south trending DeSantis Fault, which has been documented to cross the Company's Dark Horse Property for approximately 3.4 km.
Past work on the Dark Horse Property by other operators includes:
Diamond drilling by Laurion in 2006 where Hole AR-06-01 returned some elevated Zn assays, the highest being 2660 ppm Zn over 1m from a section within basaltic tuff mineralized with trace sphalerite as disseminations and fracture fillings and trace chalcopyrite. In addition, Hole AR-07-03, approximately 400m east of AR-06-01, returned an assay of 2576ppm Zn and 1013ppm Cu over 0.8m from a silicified felsic tuff mineralized with pyrrhotite and chalcopyrite. Hole AR-07-02, collared approx. 150m SE of 03, returned elevated Zn values from a similar unit of felsic tuff with the highest assay being 2325ppm Zn over 0.5m.
A unit of basaltic tuff interbedded with flows and mineralized with pyrite, pyrrhotite and sphalerite assayed up to 1.62% Zn over 1m and averaged 1.36% Zn over 3m. These surface samples appear to be hosted by cherty mafic tuffs near the contact with fine-grained felsic rocks.
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