Cloudbreak Discovery PLC Completion of First Programme at Foggy Mountain (3133D)
19 Octubre 2022 - 1:00AM
UK Regulatory
TIDMCDL
RNS Number : 3133D
Cloudbreak Discovery PLC
19 October 2022
19 October 2022
Cloudbreak Discovery Plc
("Cloudbreak" or the "Company")
Cloudbreak Completes First Programme at the Foggy Mountain
Project
Cloudbreak Discovery Plc (LSE: CDL), a leading natural resources
project generator with a particular focus on commodities key to the
energy transition, is pleased to announce that it has completed a
reconnaissance surface programme at the Foggy Mountain Project (the
"Property") in the Toodoggone region in north central British
Columbia, located immediately east of the past producing Kemess
Mine. The Property was initially generated and staked in April
2022.
Programme Highlights:
-- Confirmed three of the four historic mineral occurrences (the
fourth minfile area was not visited in 2022)
-- Seven grab samples assayed >1% copper (Cu)
-- Completed prospecting and mapping across the central portion of the Property
Kyler Hardy, CEO of Cloudbreak Discovery, commented, "These
encouraging results seen at one our early-stage targets demonstrate
how Cloudbreak can generate interesting ideas with potentially
significant exploration upside for our partners . British Columbia
remains a globally significant source of copper with many valid
unexplored or under-explored targets.
"With Foggy Mountain located at the south end of the Toodoggone
region, the project is well situated, lying on trend with several
past-producers, and has mineralization which has been described as
comparable to that of Kemess. Our focus is now on identifying a
partner to further explore Foggy Mountain and if successful,
develop the project to its full potential. "
About Foggy Mountain
The Foggy Mountain Project covers 4,209.96 hectares, is roughly
northwest-southeast trending, and comprises three claim blocks. It
is located at the southern end of the Toodoggone Camp, in north
central British Columbia, near Thutade Lake approximately 250
kilometres ("km") north of Smithers and 430 km northwest of Prince
George. The Toodoggone camp is denoted by a series of northwest
trending structures cutting Paleozoic through Mesozoic sedimentary,
volcanic and intrusive rocks. The Property lies along a mineralized
corridor containing several past producers, including Shasta,
Baker, Lawyers and Kemess South.
The property geology is comprised of early Cretaceous to early
Jurassic granodiorite and monzodiorite intrusions, Stuhini group
sediments and volcanic rocks, and Asitka group Permian to Devonian
limestone. These units are cut by a series of northwest-trending
steeply dipping strike-slip faults. Sampling has identified
multiple showings where mineralization is associated with quartz,
quartz-carbonate, or massive sulphide veins or on the Property.
Several mineralized outcrops were observed to be semi-massive to
massive sulphide skarn in limestone. The other pertinent style of
mineralization observed was comprised of fine grained disseminated
pyrite with anomalous precious metal content in altered volcanic
and intrusives.
Of particular note is the alteration in the intrusive rocks
(granodiorite and diorite) showing quartz-sericite-pyrite
alteration. Multiple mineralizing events are manifested in these
veins and range in composition from quartz-pyrite (+/-magnetite,
chalcopyrite, molybdenite and gold) and pyrite-chalcopyrite
(+/-gold). In addition, host rocks contain disseminated
mineralization. The overall style of mineralization is similar to
that observed at Kemess South, which produced 2.978 million ounces
of gold and 794 million pounds of copper during its thirteen year
production life.
2022 Salient Results:
Sample Elevation Cu
ID Easting Northing (m) Rock Type Source % Au_ppm Ag_ppm
F00070107 647891 6317783 1816 Granite Outcrop 0.36 11.3 90.5
--------- --------- ---------- ------------- -------- ----- ------- -------
F00070109 648691.4 6320364 1681 - Outcrop 0.28 0.01 3.31
--------- --------- ---------- ------------- -------- ----- ------- -------
F00070123 648108.5 6322618 1690 - Outcrop 2.33 8.32 43.4
--------- --------- ---------- ------------- -------- ----- ------- -------
F00070124 647987.5 6322554 1720 Quartz Outcrop 1.50 0.01 4.54
--------- --------- ---------- ------------- -------- ----- ------- -------
F00070125 647984.8 6322550 1722 Quartz Outcrop 0.24 0.02 2.95
--------- --------- ---------- ------------- -------- ----- ------- -------
F00073597 648667 6320374 1690 Skarn Outcrop 2.14 0.06 36.3
--------- --------- ---------- ------------- -------- ----- ------- -------
F00073598 648667 6320374 1690 Skarn Outcrop 2.63 0.03 34.7
--------- --------- ---------- ------------- -------- ----- ------- -------
F00073671 648073 6320841 1639 Granodiorite Outcrop 0.14 0.02 5.4
--------- --------- ---------- ------------- -------- ----- ------- -------
F00073672 647942 6320848 1652 Quartz Float 1.16 0.05 30.2
--------- --------- ---------- ------------- -------- ----- ------- -------
F00073673 648170 6322476 1817 Quartz Outcrop 3.52 0.08 14.2
--------- --------- ---------- ------------- -------- ----- ------- -------
F00073675 648105 6322472 1851 Volcanic Outcrop 2.08 0.02 25.3
--------- --------- ---------- ------------- -------- ----- ------- -------
F00073676 648073 6322425 1876 Volcanic Outcrop 0.36 0.07 1.435
--------- --------- ---------- ------------- -------- ----- ------- -------
F00073677 648055 6322421 1878 Volcanic Outcrop 0.54 0.24 2.26
--------- --------- ---------- ------------- -------- ----- ------- -------
F00073678 648055 6322421 1878 Diorite Outcrop 0.33 0.01 2.53
--------- --------- ---------- ------------- -------- ----- ------- -------
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with
the Company's obligations under Article 17 of MAR.
Qualified Person
Mr. Rory Kutluoglu P. Geo., Chief Operation Officer of the
Company, is the Qualified Person ("QP") under NI 43-101 for the
technical information in this news release, has verified the data
disclosed and approves the technical contents contained in this
news release.
-ENDS-
For additional information please contact:
Cloudbreak Discovery Tel: +1 604 428 9480
PLC
Kyler Hardy, CEO khardy@cloudbreakdiscovery.com
Novum Securities Tel: +44 7399 9400
(Financial Adviser)
David Coffman
Shard Capital Partners Tel: +44 207 186
(Broker) 9900
Damon Heath / Isabella
Pierre
BlytheRay Tel: +44 207 138 Cloudbreak@BlytheRay.com
(Financial PR/IR-London) 3204
Tim Blythe
Megan Ray
Stellium Services Tel: +44(0)207 129 Cloudbreak@StelliumServices.com
(Investor Relations) 1205
www.StelliumServices.com Andrew Wilson
Claire Bowden
About Cloudbreak Discovery PLC
Cloudbreak Discovery PLC, is a leading natural resource project
generator, working across a wide array of mineral assets that are
being developed and managed by an experienced team with a proven
track record. Value accretion within the projects being developed
by Cloudbreak's generative model enables a multi-asset approach to
investing. Diversification within the mining sector and amongst
resource classes is key to withstanding the cycles of natural
resource investing.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCDZMMGKRDGZZM
(END) Dow Jones Newswires
October 19, 2022 02:00 ET (06:00 GMT)
Cloudbreak Discovery (LSE:CDL)
Gráfica de Acción Histórica
De Dic 2024 a Ene 2025
Cloudbreak Discovery (LSE:CDL)
Gráfica de Acción Histórica
De Ene 2024 a Ene 2025
