Blende Silver Corp. (TSX.V: BAG) (OTC: BAGGF) (WKN: A2QKT9) (FSE: BCW1) announced that the Yukon Department of Energy, Mines and Resources has granted the Company a Class 3 Quartz Mining Land Use Approval (Approval No. LQ00608) for its 100%-owned Blende Silver-Zinc-Lead Project in north-central Yukon. The approval is effective July 13, 2026, and is valid through July 12, 2031, providing a five-year permitting window for advanced exploration across all 260 quartz claims comprising the project.
The Class 3 approval represents the final major permit required for the Company to execute its planned multi-year exploration programs. Highlights include diamond drilling across the project area, an operating season from February 1 to September 15 annually, camp facilities for up to 50 persons supporting up to 11,300 person days of work, a permitted airstrip (25,000 m²), upgrading of 5 km of existing access and construction of 2 km of new road, winter access via the Wind River Winter Road (two round trips per year), and on-site fuel storage to support sustained operations.
Andrew H. Rees, President and CEO, stated: “This approval is a major de-risking milestone for Blende Silver. With a five-year Class 3 permit in hand covering the entire claim package, the Company now has the regulatory certainty to plan and execute sustained, multi-season drill programs at what is the largest carbonate-hosted silver-zinc-lead deposit in Yukon. The permitted airstrip and camp infrastructure will materially improve the efficiency and cost profile of our field operations. Combined with the district-scale targeting work currently underway with Ronacher McKenzie Geoscience, Blende is now positioned to advance aggressively toward resource growth.”
The Company acknowledges the First Nation of Na-Cho Nyak Dun, on whose traditional territory the Blende Project is located, and looks forward to continued engagement. The Company is committed to responsible exploration, progressive reclamation, and full compliance with all conditions of the approval, including wildlife, heritage, and environmental protection measures.
The Blende Project hosts the largest carbonate-hosted silver-zinc-lead deposit in the Yukon (M. Robinson and C.I. Godwin, Economic Geology 1995). A mineral resource estimate prepared in accordance with National Instrument 43-101 at a 1.5% ZnEq cutoff, as disclosed in the Company’s news release dated May 20, 2021, is reproduced below. The estimate was prepared by Sue Bird, P.Eng., of Moose Mountain Technical Services, an independent Qualified Person, and is based on metal prices of US$26/oz silver, US$1.30/lb zinc, and US$1.00/lb lead. Historical exploration defined the East and West Zones, two primary mineralized zones located approximately two kilometers apart. Readers are cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability, and inferred resources are too speculative to have economic considerations applied.
With the Class 3 approval in hand, the Company intends to plan and advance exploration programs across the Blende Project over the coming seasons, subject to the conditions of the approval and applicable regulatory requirements. The Company notes that the Blende property lies within the Keno Hill silver district, one of Canada’s highest-grade historic silver producing districts, and has undergone more than $9.2 million in past exploration, including 25,195 meters of drilling in 132 drill holes.
This news release contains forward-looking statements within the meaning of applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements regarding future work programs and the Company’s plans and expectations. These statements are based on assumptions management believes to be reasonable and are subject to known and unknown risks, uncertainties, and other factors, including risks related to mineral exploration and development, that may cause actual results to differ materially. Readers are cautioned not to place undue reliance on forward-looking information.
View the original release on NewMediaWire.
