Fleetwood is a 100% Inomin owned zinc-copper-silver-gold Volcanogenic Massive Sulphide (VMS) project located in southwestern British Columbia.
Significant Mineralization Discovered
Drilling has discovered significant VMS mineralization including 23.3% zinc, 1.8% copper, 1.7% lead, 133 g/t silver and 2.3 g/t gold over 3.2 metres.
Fleetwood is prospective for massive sulphide bodies similar in nature to deposits at Nyrstar’s Myra Falls mine on Vancouver Island.
Located approximately 90 km east of Vancouver, Fleetwood has excellent access via highways and logging roads.
The Fleetwood project is located at the northern extension of a 4.5 kilometre northwest trending zinc-copper-rich VMS horizon. Exploration along the belt has focused primarily at the Seneca deposit that hosts (in the Pit zone) an estimated 1.5 million tonnes grading 3.57% zinc, 0.63% copper, 0.15% lead, 41.1 g/t silver and 0.8 g/t gold, as calculated by Wright Engineers.
The last exploration done at Fleetwood was by Minnova Inc., (Minnova became Inmet Mining which was acquired by First Quantum Minerals) that discovered the Fleetwood zone in the early 1990s. Minnova drilled 41 holes at the “Fleetwood zone” intersecting significant VMS mineralization including 31.2 metres of stockwork type mineralization at a depth of 153 metres, grading 2.1% zinc, 0.3 copper, 0.1% lead, 8.1 g/t silver and 0.1 g/t gold.
At the 33 zone, located 350 metres southwest, Minnova’s drilling returned 23.3% zinc, 1.8% copper, 1.7% lead, 133 g/t silver and 2.3 g/t gold over 3.2 metres at a depth of 170 metres. Minnova’s drilling report concluded that further drill testing is warranted.
Like the complex metal-zoned VMS deposits at Nyrstar’s Myra Falls Mine on Vancouver Island, the Fleetwood property hosts geologically diverse mineralized bodies with the principle sulfide minerals being sphalerite, pyrite and chalcopyrite.
Exploration at Fleetwood has demonstrated the existence of widespread polymetallic mineralization. The property merits exploration in several untested areas for high-grade VMS deposits.
Fleetwood is a few hour drive from the city of Vancouver by highway and logging roads; furthermore, a railway, tidal-barge access and electric power are close to the property, providing Fleetwood with excellent access and infrastructure.