There’s a newly crowned exploration player in the Sudbury Basin, punching drill holes on a property that looks to have high-grade base and precious metals potential.
April has been a transformative month for Thunder Bay-based Errington Metals, which is drilling a former Glencore property off Highway 144.
Formerly known as Black Pearl Resources, the junior exploration outfit underwent a name change this month and decided to go public with a listing on the TSX Venture Exchange. Common shares began trading April 22.
Known as the Sudbury Basin Project, Errington holds a 5,600-hectare property of mostly mining patented land, 25 kilometres northwest of Sudbury and southwest of the community of Chelmsford.
The company said the property has been largely dormant since 2014.
Glencore published a historic mineral resource in 2013, but Errington has a 45,000-metre drilling and exploration program underway to verify and expand the resource base.
The plan is to produce a mineral resource estimate of their own by the second half of this year.
Although the Sudbury district is known for its world-class copper, nickel and platinum group metals deposits, Errington’s pitch is that there’s a lot more untapped potential to discover, such as zinc, because of the area’s volcanic massive sulfide-type (VMS) mineralization. The company is particularly focussed on precious metals in gold and silver.
The company has identified three mineralized zones, dubbed Vermillion, Errington and Balfour, and maintains there is potential there to make “meaningful new discoveries” in this historic and active mining camp.
Xstrata (now Glencore) drilled more than 75,000 metres between 2011 and 2014. The results were said to be encouraging, showing continuous mineralization, but the work stopped short at less than 400 metres depth.
In a news release, Errington said this creates an opportunity for this company “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.”
Errington snapped up $200,000 from the province’s Ontario Junior Exploration Program (OJEP) in March, one of 68 early stage exploration projects announced by the government.
