New Century Resources Limited recently announced that the results of preliminary review and verification of historical drilling information from the prospect known as Watsons Lode at the Century Zinc Mine, has confirmed numerous high grade intersections.
The Independent Geologist reported, from company’s Prospectus in 20 June 2017, Watsons Lode represents a high priority prospect requiring follow up drilling.
New Century Resources Managing Director Patrick Walta commented:
“The historical drilling results from Watsons Lode show this Prospect has the potential to deliver a high-grade resource with strong geological similarities to the Silver King deposit. The Company is now planning a drilling program over the Prospect with the aim of bringing the existing mineralisation into a compliant Mineral Resource.”
As one of many prospects in the vicinity of the Century Zinc Mine with 40 targets identified, Watsons Lode has strong potential to build on substantial existing in-situ resources at Silver King, East Fault Block & identified mineralisation at South Block. During previous small scale operations the Watsons Shaft was sunk to 100ft and combined with Lucky Dollar and Coughlans Lode produced 176t of lead and 1,100oz silver.
“Any additional resources from Watsons Lode will compliment other established in-situ Mineral Resources from Silver King, East Fault Block and the recently identified mineralisation at South Block,” he added. “These identified resources and prospects in turn provide significant additional value beyond the Century Tailings Deposit which is the current focus of initial development.”
Watsons Lode is located on the exploration permit (EPM 10544) surrounding the Century mining leases and approximately 10km from the existing Century Processing Plant.