Copper Mountain Mining Corporation announces summer drill results in the Superpit area and also commencement of drilling at New Ingerbelle
(firmenpresse) -
COPPER MOUNTAIN MINING CORPORATION ANNOUNCES SUMMER DRILL RESULTS IN THE SUPERPIT AREA AND ALSO COMMENCEMENT OF DRILLING AT NEW INGERBELLE
Vancouver, British Columbia - October 2, 2017 - Copper Mountain Mining Corporation (TSX: CMMC) (the Company or Copper Mountain) is pleased to announce that it has completed its summer drilling program at the Copper Mountain Mine site and has commenced drilling at the New Ingerbelle site near Princeton, BC.
The purpose of the program was to further expand resources on the western side of the pit 2 area. Additional drilling was carried out in the Saddle area as fill-in drilling to upgrade the resources to assist with longer term mine planning. A deep drilling program was completed at the eastern end of Pit 2 to test continuity of high grade mineralization at depth. A total of 8900m of diamond drilling was completed in thirty-two drill holes.
Previous results from the 2016 drill program indicated a significant north-west extension of Pit 2 mineralization while the 2017 program focused on an area to the south-west of Pit 2. The 2017 program was successful in intercepting the high grade mineralization at depth on the eastern end of Pit 2. Drilling south west of Pit 2 continued to intercept mineralization, but was intermittent as drilling moved outside of the western extremities of the current pit limits, indicating that additional drilling may be required. Highlights of the Pit 2 West drilling are in the table below and include 82 meters of 0.55% Cu and 18 meters of 0.80% Cu.
Pit 2 West Significant Drill Results
Hole Azi Dip Length From To IntervaCu % Au Ag Cu Eq2
ID (m) (m) (m) l g/t g/t
(m) %
17P1-0132 -51 334 34 49 15 0.55 0.091.180.62
2
115 130 15 0.43 0.140.990.53
277 295 18 0.53 0.161.710.64
17P1-0312 -60 252 177 207 30 0.19 0.030.420.21
6
17P2-0132 -55 425 96 150 54 0.37 0.110.750.44
1
372 387 15 0.28 0.150.470.38
17P2-0122 -51 324 2.1 18.6 16.5 0.25 0.070.640.30
2
72 102 30 0.27 0.070.630.32
252 309 57 0.36 0.140.910.45
17P2-0132 -46 401 29.6 44.8 15.2 0.39 0.110.930.47
3
17P2-0132 -50 392 180 201 21 0.69 0.111.6 0.77
4
285 321 36 0.34 0.100.750.41
17P2-0132 -47 370 147 189 42 0.36 0.080.850.42
5
17P2-0132 -47 400 44.8 63.1 18.3 0.80 0.131.730.90
6
279.5 361.882.3 0.55 0.091.170.62
In-fill drilling in the Saddle area was successful in upgrading the resource and will provide additional details for the current Life of Mine design. These results are presented in the table below.
Saddle Significant Drill Results
Hole Azi Dip Length From To IntervaCu % Au Ag Cu Eq2
ID (m) (m) (m) l g/t g/t
(m) %
17SD-042 -50 109 3 54 51 0.38 * 0.95
5
17SD-0222 -45 340 6.1 26.5 20.4 0.25 0.060.710.29
6
218.5 261.242.7 0.29 0.071.980.35
17SD-0312 -45 298 246.4 279.633.2 0.37 0.060.830.41
7
17SD-0222 -45 320 248.7 270.421.7 0.54 0.102.190.62
8
17SD-0132 -48 365 191.1 206.415.3 0.44 * 1.36
9
17SD-1222 -45 210 70.5 175.5105 0.45 * 2.02
1
Incl 151.5 175.524 1.14 * 6.07
*Gold Assays Pending
Drilling in the eastern end of Pit 2 demonstrated that the high-grade Pit 2 mineralization does continue at depth towards the east. Highlights from Pit 2 East drilling are listed below and include 105 meters at 0.62% Cu, including 75 meters at 0.80% Cu and 9 meters at 3.68% Cu.
Pit 2 East Significant Drill Results
Hole IDAzi Dip Length From To IntervaCu % Au Ag Cu Eq2
(m) (m) (m) l g/t g/t %
(m)
17P2E-0225 -46 296 107 212.3105.3 0.62 0.181.890.75
1
Incl 107 182 75 0.80 0.222.460.96
Incl 9 3.68 0.798.664.25
17P2E-0127 -45 281 71 95 24 0.33 * 0.33
2
17P2E-0 110 195.585.5 0.21 * 0.74
2
17P2E-0 230 281 51 0.36 * 1.26
2
17P2E-0177 -54 190 74 116 42 0.48 * 2.04
3
17P2E-0 128 182 54 0.39 * 1.58
3
*Gold Assays Pending
Cu Eq2% : Calculated using US$3/lb Cu, US$1275/oz Au, US $18/oz Ag. Not adjusted for recovery.
Results from this drill program are currently being incorporated into an updated resource model, which in turn will lead to revisions of the reserve model and long-term mine plan.
Map of Drill Hole Locations
http://www.irw-press.at/prcom/images/messages/2017/41002/Copper-en_PRCOM.001.jpeg
New Ingerbelle
A review of historical data from the New Ingerbelle Pit has been encouraging and the Company is now drilling the Ingerbelle deposit, located about 1km west of the Superpit. Historically, the Ingerbelle deposit was discovered, developed and mined by Newmont Mines Ltd between 1966 to 1981. The resource at New Ingerbelle is estimated 125 Million tonnes (at) 0.31% Cu (Inferred) at a 0.2% Cu cut-off which equates to an additional 1 billion lbs Copper equivalent. Precious metals were not assayed on historical drill core, however production records show that gold and silver recovered grades were 0.17 g/t and 0.8 g/t respectively. Actual head grades for gold were 0.25 g/t using a 70% Mill recovery factor while copper head grades were 0.43%.
A 5,000m Phase 1 diamond drill program was recently initiated on the New Ingerbelle deposit with the objective of verifying historical drilling while also testing both lateral and depth potential of the resource. The goal of the current drill program is to confirm the historical resource which has the potential to add an extra 10 years to the mine life of the operation. A total of fourteen holes have been designed and results for the first hole are listed below and include 100 meters at 0.37% Cu and 72 meters at 0.42% Cu.
Hole AziDipLength From To Interval Cu % Au Ag Cu Eq %
ID (m) (m) (m) (m) g/t g/t
17IG-0317-49303 3 161 158 0.29 0.21 0.47 0.42
1
3 103 100 0.37 0.28 0.6 0.55
3 75 72 0.42 0.3 0.65 0.61
*CuEq calculated using US$3/lb Cu, US$1275/oz Au, US $18/oz Ag. Not adjusted for recovery.
http://www.irw-press.at/prcom/images/messages/2017/41002/Copper-en_PRCOM.002.jpeg
Historical New Ingerbelle Pit outlined in blue with planned 2017 diamond drill holes
About Copper Mountain Mining Corporation:
Copper Mountains flagship asset is the Copper Mountain mine located in southern British Columbia near the town of Princeton. The Company has a strategic alliance with Mitsubishi Materials Corporation who owns 25% of the mine. The Copper Mountain mine has a large resource of copper that remains open laterally and at depth. This significant exploration potential is being explored over the next few years in order to fully appreciate the propertys full development potential. Additional information is available on the Companys web page at www.CuMtn.com.
On behalf of the Board of
COPPER MOUNTAIN MINING CORPORATION
Peter Holbek, P. Geo.-
Copper Mountain Mining Corporation
Suite 1700, 700 West Pender Street
Vancouver, BC V6C 1G8
Telephone: (604) 682-2992
Facsimile: (604) 682-2993
Web Site: www.CuMtn.com
For further information, please contact:
Dan Gibbons, Investor Relations 604-682-2992 ext. 238 Email: Dan(at)cumtn.com
Rod Shier, Chief Financial Officer 604-682-2992 ext.222 Email: Rod(at)CuMtn.com
Website: www.CuMtn.com
Note: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results. Readers are referred to the documents, filed by the Company on SEDAR at www.sedar.com, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company undertakes no obligation to review or confirm analysts expectations or estimates or to release publicly any revisions to any forward-looking statement.
Leseranfragen:
" alt="First Global Appoints New CFO">
" alt="YDreams Global developing a new platform using blockchain infrastructure to manage Virtual Reality content consumption and distribution, digital rights management, revenue-share accountability and customer identity management">
Datum: 03.10.2017 - 07:25 Uhr
Sprache: Deutsch
News-ID 562154
Anzahl Zeichen: 9558
contact information:
Town:
Wien
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 296 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Copper Mountain Mining Corporation announces summer drill results in the Superpit area and also commencement of drilling at New Ingerbelle
"
steht unter der journalistisch-redaktionellen Verantwortung von
Copper Mountain Mining Corp (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
