Exploration Continues at East Sullivan
TORONTO — Sulliden Mining Capital Inc. (“Sulliden” or the “Company”) (TSX: SMC) is excited to announce its upcoming exploration plans at the East Sullivan Copper Gold project. Nestled in the Abitibi greenstone belt, this area is renowned for its rich deposits of base metals and gold.
Strategic Location and Potential
This project is located less than 1km from the active Triangle deposit, which is known for its underground mine operated by Eldorado Gold on the Lamaque property. The Lamaque Property boasts impressive indications, producing 7.1 million tonnes at an extraordinary grade of 7.9g/t Au, delineating a substantial resource with 1.8 million ounces of gold in the measured and indicated categories.
Encompassing 334 hectares, Sulliden's concession includes the historical East-Sullivan Copper-Zinc-Gold-Silver Mine, situated less than 10km from Val D’or. This pliable location allows for further development and exploration endeavors in an area teeming with potential.
Drilling Success and Historical Context
Recent drilling activities have reinforced the understanding of the geological structure in the region, especially indicating the strike potential on both ends of the former mine. Notably, a gold-only zone was discovered 500 meters east of the previous mining stopes, underscoring the untapped potential of this area.
The East-Sullivan Mine had a productive operational history from 1949 to 1966, yielding significant quantities of Copper, Zinc, Gold, and Silver. Historical production levels are estimated at 15.0 million tonnes, characterized by grades of 1.1% Cu, 0.8% Zn, 0.3 g/t Au, and 9.7 g/t Ag. This impressive history lays a rich foundation for Sulliden's ongoing exploration activities.
About Sulliden Mining Capital Inc.
Sulliden is committed to acquiring and advancing brownfield and early production-stage mining projects, particularly in Quebec and Australia. The strategic focus steers the company towards effective resource management while contributing to sustainable and responsible mining practices.
Sulliden Mining Capital Inc.
On behalf of the Board
“Scott Moore”, Chief Executive Officer
info@sulliden.com
(416) 861-2267
Frequently Asked Questions
What is Sulliden Mining Capital working on right now?
Sulliden is focused on its East Sullivan Copper Gold project, planning extensive exploration to enhance resource understanding.
Where is the East Sullivan project located?
The East Sullivan project is situated within the Abitibi greenstone belt in Quebec, which is famous for its rich mineral deposits.
What is the historical significance of the East-Sullivan Mine?
The East-Sullivan Mine operated from 1949 to 1966, producing notable amounts of Copper, Zinc, Gold, and Silver.
How much gold has been found in the Lamaque property?
The Lamaque Property nearby contains an impressive resource of 1.8 million ounces of gold, highlighting the area's mining potential.
Who is the CEO of Sulliden Mining Capital?
The Chief Executive Officer of Sulliden Mining Capital is Scott Moore, who leads the company in its strategic exploration efforts.
