VANCOUVER, Aug. 30, 2017 /CNW/ - (TSX-V: BCK) – Blind Creek Resources Ltd. ("Blind Creek" or the "Company") is pleased to announce that an exploration crew has been mobilised to the Company's 100%-owned Blende Property, situated 63 kilometres north of Keno Hill in north-central Yukon. The work program is being conducted by Moose Mountain Technical Services, commissioned earlier this summer by Blind Creek to prepare a NI 43-101 compliant resource estimate and technical report for the Blende Property (see Blind Creek News Release dated June 27th, 2017).
Mineral Resource Classification and Rock Density Determinations
More than 24,300 metres of diamond drilling in 125 holes has been completed on the Blende property to date. The majority of this drill core is stored on the property. The Blende technical team will focus on the collection of a statistically valid number and distribution of drill core samples from this historic drill core library that occurs within previously modeled rock and mineralization domains of the Blende deposit. These rock samples will undergo routine rock density (Specific Gravity or "SG") determinations; data required to calculate tonnage and categorize the Blende deposit NI 43-101 mineral resource estimate (Measured and Indicated) with more certainty than an Inferred Resource.
All aspects of the Blende exploration program are being supervised by Mr. R.J. (Bob) Morris, M.Sc., P.Geo., Principal Geologist of Moose Mountain Technical Services and a Qualified Person (Q.P.) as defined by National Instrument 43-101. Technical aspects of this news release have been reviewed and approved by Mr. Morris.
About the Blende Zinc-Lead-Silver Deposit
The Blende deposit is one of the largest undeveloped strata-bound carbonate-hosted Zinc-Lead-Silver deposits in Western Canada, with zinc mineralization traced over an 8km strike length and a vertical range exceeding 700 metres. The deposit remains open along strike and at depth. In excess of $9.2 million in past exploration expenditures has provided for >24,300 metres of diamond drilling in 125 holes on the Blende property to date.
In 1991 Billiton Resources Canada Inc. calculated an historic open pit resource of 19.6 million tonnes averaging 3.04% Zn, 2.80% Pb and 56 g/t Ag* (shallow, sulphide-only) at Blende, representing 1.3 billion pounds of Zn, 1.2 billion pounds of Pb and 35.3 million ounces of Ag. Blind Creek is focused on conducting the work necessary to translate this historic resource into a NI 43-101 compliant underground and open pit resource estimate and technical report, to be completed before the end of the year.
*The above mentioned estimates do not conform with National Instrument 43-101. Neither Blind Creek nor its consultants have completed sufficient work to verify the Historical estimates and these should not be relied upon for investment decisions. The estimates are referred to as Historical Resources.
A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves, the Company is not treating the historical estimate as current mineral resources or mineral reserves and the historical estimate should not be relied upon.
About Blind Creek Resources Ltd.
Blind Creek is a Vancouver-based junior resource company focused on lead-zinc-silver and gold-silver project acquisition, exploration and development in Yukon (Blende Property), Northwest Territories (AB Property) and British Columbia (Engineer Gold Mine). The Company's flagship property is the Blende Property in north-central Yukon, one of the largest undeveloped zinc-lead-silver deposits in Western Canada. More recently the company has signed an agreement to acquire a 100% interest in the AB Property (MV-Type Zinc-Lead) in the Northwest Territories and purchased the historic and fully-permitted Engineer Gold Mine, situated 32 km southwest of Atlin, B.C.
For additional information please visit the company website www.blindcreekresources.com.
On behalf of the Board of Directors,
Mr. Brian P. Fowler, P.Geo.
Tel: (604) 617-8191
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the control of Blind Creek Resources Ltd. which may cause actual results, performance or achievements of Blind Creek Resources Ltd to be materially different from the results, performance or expectation implied by these forward looking statements. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Blind Creek Resources Ltd.
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