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
President
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.