Taylor Brook Deposit - Option for 80% Interest

The Taylor Brook deposit consists of an extensive blanket of pyritic massive sulphides located 11 kilometres northwest of the CNE Deposit and 6 kilometres northeast of the 25 million tonne Heath Steele Mine.

The historical mineral resource estimates (NI 43-101 compliant) for the Taylor Brook deposit at 1.60% ZnEQ% cut-off grade are:

  • an Indicated Resource of 243,000 t at 1.69 Zn%, 0.85 Pb%, 0.02 Cu% and 33.42 g/t Ag
  • an Inferred Resource of 102,000 t at 1.70 Zn%, 0.87 Pb%, 0.02 Cu% and 32.59 g/t Ag

As currently known this sub-economic deposit has a strike length of approximately 650 m and a down-dip extent of greater than 600 m. It comprises one to four stratabound horizons of heavily disseminated to semi-massive and massive sulphides.

Width and grades of the base metal mineralization are highly variable within the sulphide zone. Most of the intersections grade less than 3% lead and zinc although several narrow high grade intervals (e.g. 1.0 m. of 10.7% Zn, 2.2% Pb and 5.2 oz/ton Ag in Hole TB95-2) have been encountered. The lead, zinc, and copper ratios are consistent with those from other deposits in the Bathurst Mining Camp.

The renowned Brunswick No.12 Mine contained at least 50 million tonnes of similar non-economic pyritic massive sulphides adjoining the 136 million tonnes of extremely rich ore grading 8.74% Zn, 3.44% Pb, 0.37% copper, and 102 g/t silver. For this reason, inasmuch as Taylor Brook is open along strike and down dip, considerable additional drilling in search of high-grade mineralization analogous to Brunswick No. 12 is required.

The historical Stratabound Preliminary Economic Assessment of the Bathurst properties (November 23, 2011) confirms that further exploration is warranted and recommends that additional drilling be conducted to further investigate the Taylor Brook deposit - since it has not been delineated laterally to the east or west, nor at depth - in order to see whether metal grades improve in these directions. A 24-hole definition drill program was proposed.

The historical PEA further notes that the Taylor Brook deposit appears to have a nucleus of higher grade massive sulphides concentrated in the northwest of the deposit, and proposes that 11 of the 24 holes be drilled along the western edge of the deposit, as there has been no drilling to determine the western extent of the massive sulphide zones.

Bandera has joint-ventured with Stratabound to further explore the potential of this large mineralized system.

Bathurst Mining Camp Production and Resources Location Map Captain, CNE, and Taylor Brook Property Location Map