Errington Metals lists on the TSX-V with major drilling program underway near Chelmsford
A fresh exploration company has emerged in the Sudbury Basin, actively drilling on a property believed to hold high-grade base and precious metals.
April has marked an exciting change for Thunder Bay-based Errington Metals, which is currently drilling on a former Glencore property located off Highway 144.
Previously known as Black Pearl Resources, this junior exploration firm changed its name this month and made its debut on the TSX Venture Exchange. Common shares started trading on April 22.
The area being explored is referred to as the Sudbury Basin Project, where Errington owns a 5,600-hectare property primarily consisting of mining patented land, situated 25 kilometers northwest of Sudbury and southwest of Chelmsford.
The company noted that the site has been mostly inactive since 2014.
In 2013, Glencore released a historic mineral resource estimate; however, Errington is now undertaking a comprehensive 45,000-meter drilling and exploration program aimed at verifying and expanding that resource base.
The goal is to provide their own mineral resource estimate by the latter half of this year.
While the Sudbury district is famed for its world-class copper, nickel, and platinum group metals deposits, Errington believes there’s still much more untapped potential to uncover-like zinc-thanks to the area’s volcanic massive sulfide-type (VMS) mineralization. The company is particularly focused on precious metals like gold and silver.
Errington has pinpointed three mineralized zones named Vermillion, Errington, and Balfour. They believe there’s a real chance for “meaningful new discoveries” in this historically rich mining region.
Xstrata (now part of Glencore) drilled over 75,000 meters between 2011 and 2014. The findings were reportedly promising but did not go deeper than around 400 meters.
In their news release, Errington mentioned that this presents an opportunity for them “to build upon and advance the project with a refreshed view.”
“Our listing marks the beginning of an exciting new chapter for Errington Metals,” said Errington president-CEO Matthew Gollat in a statement.
“We have been hard at work over the past year, advancing a high-quality project with grade and scale potential, plus what we believe to be significant upside potential in a district that has supported mining for more than a century. The Sudbury Basin still has many stories left to tell – and we intend to help write the next one.”
In March, Errington secured $200,000 from Ontario’s Junior Exploration Program (OJEP), making it one of 68 early-stage exploration projects announced by the government.
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