Vita Resources has reclassified its ICE project in Canada’s Yukon as polymetallic following the findings of a newly commissioned re-evaluation report.
The report forms part of Vita Resources’s broader project portfolio re-evaluation strategy and represents the first outcome of that process. An independent assessment undertaken by well-credentialed economic geologist Nigel Maund identified the presence of associated elements silver, cobalt and indium alongside the project’s known copper and gold mineralisation.
The addition of these elements shifts the ICE Project’s classification from copper-gold and volcanic hosted massive sulphides (VHMS) to polymetallic status. The project currently hosts a joint ore reserves committee code (JORC) code mineral resource estimate of 6.43 million tonnes (Mt) at 1.07 per cent copper.
“Our decision to turn new and fresh eyes towards evaluating our portfolio of projects is paying off, with our ICE project in Yukon being the first to deliver encouraging associated results,” Vita Resources non-executive chair Gavin Rutherford said.
“The addition of silver, cobalt and indium to the already robust copper and gold presence provides the company credentials to now define the project as polymetallic, with the additional metals yet to prove whether they are ‘co’ or ‘by’ products.
“As such, further work is required to gain a better understanding of this geology.”
Further delineation work is planned across sulphide and oxide zones, with additional research required to determine the commercial significance and product status of the newly identified associated elements.
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