Copper Road Resources Inc. (TSX-V: CRD) ("Copper Road" or the
"Company") is pleased to announce results of the spring/summer
diamond drilling campaign at the Tribag Mine Zone located on its
21,000-hectare Copper Road Project, approximately 80 km. north-west
of Sault Ste. Marie, Ontario, Canada.
The company completed 3,000 metres of diamond
drilling at the Breton and East breccias located within the Tribag
Mine Zone (See Figure 1)
Highlights:
All 8 holes drilled at the Breton and East
breccias intersected significant intervals of near-surface
mineralization that proved continuity, depth and additional
mineralization outside of historical assay models.
Notable intersections
include:
Breton Breccia:
Hole #TR22-006: |
|
100.39m at 0.32 % Cu and 2.99 g/t Ag
(0.35% CuEq) from 18m to 118.39m |
|
Including: 30m at 0.58 % Cu and
4.39 g/t Ag (0.62% CuEq) from 46m to 76m |
|
Including: 7m at 1.02 % Cu and
8.39 g/t Ag. (1.09% CuEq) from 49m to 56m |
|
Including: 5m at 1.11% Cu and 4.69 g/t Ag
(1.15% CuEq) from 71m to 76m |
|
18.43m at 0.29 % Cu and 0.90 g/t Ag (0.30 % CuEq) from 145.57m to
164m |
|
|
Hole #TR22-003: |
|
60m at 0.29 % Cu and 3.19 g/t Ag (0.32%
CuEq) from 16m to 76m |
|
3m at 1.08 % Cu and 2.06 g/t Ag (1.10%
CuEq) from 302m to 305m |
East Breccia:
Hole TR22-008 |
|
48.60m at 0.27% Cu, 4.84 g/t Ag, 0.01% Mo, 0.25
g/t Re (0.37% CuEq) from 34m to 82.60m |
|
Including: 14.80m at 0.46% Cu, 9.97 g/t Ag, 0.01%
Mo, 0.20 g/t Re (0.60% CuEq) from 45m to
59.80m |
|
9m at 0.60 % Cu, 6.83 g/t Ag, 0.15% Mo, 0.56 g/t
Re (1.47% CuEq) from 330m to 339m |
|
Including: 5.22m at 0.87% Cu, 9.38 g/t Ag, 0.26%
Mo, 0.95 g/t Re (2.35% CuEq) from 333.78m to
339m |
|
|
Hole TR22-007 |
|
66m at 0.22% Cu, 2.94 g/t Ag, 0.02% Mo, 0.36 g/t
Re (0.36% CuEq) from 69m to 135 m |
|
Including: 11m at 0.31% Cu, 4.04 g/t Ag, 0.05% Mo,
0.87 g/t Re (0.63% CuEq.) from 102m to 113 m |
Figure 1: Tribag Mine Zone is available
at https://www.globenewswire.com/NewsRoom/AttachmentNg/0e8bf002-27dd-4be1-a804-1225ab24733b
Figure 2: Tribag Mine Zone Drilling:
Plan View is available
at https://www.globenewswire.com/NewsRoom/AttachmentNg/d4363a32-2c7e-4c50-99b2-70a959d80b7e
John Timmons, President/CEO and Director,
comments, “Our goal with this drill program was to deliver
near-surface copper mineralization only 20 kilometres off the
Trans-Canada highway. We believe our first drill program into our
flagship property is just the start of reviving this historical
mining district and clearly demonstrates that there is more copper
to be mined. We believe that with systematic exploration across our
21,000-hectare project, the Copper Road project will continue to
prove itself as a future source of domestic copper to contribute to
the clean energy transition.”
Breton Breccia Drilling
Results
Drillhole |
Drill Intercept |
Grade |
From |
To |
Length (Meters) |
Cu (%) |
Ag (g/t) |
CuEq (%) 1 |
TR22-001 |
215.00 |
223.54 |
8.54 |
0.26 |
1.07 |
0.27 |
|
|
|
|
|
|
|
TR22-002 |
21.00 |
73.00 |
52.00 |
0.26 |
3.51 |
0.29 |
Including |
45.00 |
59.00 |
14.00 |
0.42 |
4.49 |
0.46 |
Including |
65.00 |
71.00 |
6.00 |
0.43 |
11.27 |
0.53 |
|
172.18 |
220.00 |
47.82 |
0.26 |
1.28 |
0.27 |
Including |
192.72 |
210.00 |
17.28 |
0.49 |
2.39 |
0.51 |
Including |
193.50 |
201.00 |
7.50 |
0.60 |
3.16 |
0.63 |
|
|
|
|
|
|
|
TR22-003 |
16.00 |
76.00 |
60.00 |
0.29 |
3.19 |
0.32 |
Including |
37.00 |
54.00 |
17.00 |
0.41 |
6.15 |
0.46 |
Including |
40.00 |
45.00 |
5.00 |
0.75 |
4.43 |
0.79 |
|
180.00 |
218.00 |
38.00 |
0.20 |
1.42 |
0.21 |
Including |
198.00 |
204.00 |
6.00 |
0.39 |
1.07 |
0.40 |
|
239.30 |
246.00 |
6.70 |
0.26 |
1.38 |
0.27 |
|
287.00 |
305.00 |
18.00 |
0.26 |
0.76 |
0.27 |
Including |
302.00 |
305.00 |
3.00 |
1.08 |
2.06 |
1.10 |
|
360.06 |
366.00 |
5.94 |
0.24 |
3.09 |
0.27 |
|
|
|
|
|
|
|
TR22-004 |
40.00 |
46.00 |
6.00 |
0.34 |
1.61 |
0.35 |
|
63.00 |
89.00 |
26.00 |
0.21 |
1.00 |
0.22 |
Including |
69.00 |
81.00 |
12.00 |
0.31 |
1.47 |
0.32 |
Including |
76.90 |
81.00 |
4.10 |
0.74 |
3.15 |
0.77 |
|
166.00 |
190.00 |
24.00 |
0.26 |
1.17 |
0.27 |
Including |
189.00 |
190.00 |
1.00 |
2.40 |
10.40 |
2.49 |
|
345.00 |
371.31 |
26.31 |
0.22 |
0.89 |
0.23 |
|
|
|
|
|
|
|
TR22-006 |
18.00 |
118.39 |
100.39 |
0.32 |
2.99 |
0.35 |
Including |
46.00 |
76.00 |
30.00 |
0.58 |
4.39 |
0.62 |
Including |
49.00 |
56.00 |
7.00 |
1.02 |
8.39 |
1.09 |
Including |
71.00 |
76.00 |
5.00 |
1.11 |
4.69 |
1.15 |
|
145.57 |
164.00 |
18.43 |
0.29 |
0.90 |
0.30 |
|
168.00 |
205.00 |
37.00 |
0.22 |
1.55 |
0.23 |
1 Assumptions used in USD for the copper equivalent calculation
are metal prices of $3.45/lb Copper, $20.54/oz Silver and recovery
is assumed to be 100% as no metallurgical test data is available.
The following equation was used to calculate copper equivalence:
CuEq = Copper (%) + (Silver (g/t) x 0.0087)
Figure 3: Breton Breccia Assay
model is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/66b50521-61e1-4c21-9fe3-d4d17d9c9337
Breton Breccia mineralization established from
this drill program is hosted in an intensely altered polymictic
breccia. The dominant alteration assemblage related to
mineralization is sericite-chlorite and carbonate. Chalcopyrite and
pyrite content appears to increase with increasing alteration
intensity.
These drilling results have demonstrated the
presence of broad zones of near surface copper mineralization at
the Breton Breccia. The program also confirmed the lateral
continuity of copper zones outside of the historical assay
models.
Drillhole TR22-001 was drilled to test the
northern extension of the Breton Breccia. The hole intersected a
short interval of 8.54 meters at 0.26 % Cu and 1.07 g/t Ag from 215
m to 223.54 m.
Drillhole TR22-002 tested the southwestern area
of the mineralized breccia. It intersected 52 meters at 0.26 % Cu
and 3.51 g/t Ag from 21 m to 73 m, including 14 meters at 0.42 % Cu
and 4.49 g/t Ag.
Drillhole TR22-003 was drilled towards the
northwestern fringe of the mineralized breccia. It returned grades
of 0.29 % Cu and 3.19 g/t Ag over 60 meters from 16 m to 76 m,
including an interval of 17 meters at 0.41 % Cu and 6.15 g/t
Ag.
Drillhole TR22-004 tested the southeastern edge
of the Breton Breccia mineralization. It intersected several zones
of copper mineralization at depth with best results of 0.26 % Cu
and 1.17 g/t Ag over 24 meters from 166 m to 190 m, including a
1-meter interval containing 2.40 % Cu and 10.40 g/t Ag.
Drillhole TR22-005 tested the southwestern part
of the mineralization and was intended to drill into the heart of
the breccia. This drill encountered historical underground workings
and was aborted at approximately 200 meters in depth. This hole was
not sampled.
Drillhole TR22-006 is a re-drill of hole
TR22-005. This hole’s location was offset 12 meters to the
southwest. This hole intersected a shallow and very wide
mineralized zone containing 0.32 % Cu and 2.99 g/t Ag over 100.39
meters from 18 m to 118.39 m, including higher grade intervals of
0.58 % Cu and 4.39 g/t Ag over 30 meters and 1.02 % Cu and 8.39 g/t
Ag over 7 meters. This drillhole encountered an obstruction at 205
meters and the hole, which bottomed in mineralization, was
terminated. The Company plans to investigate alternative drilling
options to optimize drill hole locations at the Breton Breccia to
avoid future drill bit obstructions.
Figure 4: TR22-006 Cross
Section is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/5fb44c13-919d-4ad7-b716-21869f836df9
East Breccia Drilling
Results
Drillhole |
Drill Intercept |
Grade |
From |
To |
Length (Meters) |
Cu (%) |
Ag (g/t) |
Mo (%) |
Re (g/t) |
CuEq (%) 1 |
TR22-007 |
3.30 |
14.00 |
10.70 |
0.20 |
3.02 |
0.01 |
0.28 |
0.29 |
|
69.00 |
135.00 |
66.00 |
0.22 |
2.94 |
0.02 |
0.36 |
0.36 |
Including |
83.00 |
96.00 |
13.00 |
0.30 |
4.07 |
0.01 |
0.15 |
0.39 |
Including |
102.00 |
113.00 |
11.00 |
0.31 |
4.04 |
0.05 |
0.87 |
0.63 |
|
|
|
|
|
|
|
|
|
TR22-008 |
34.00 |
82.60 |
48.60 |
0.27 |
4.84 |
0.01 |
0.25 |
0.37 |
Including |
45.00 |
59.80 |
14.80 |
0.46 |
9.97 |
0.01 |
0.20 |
0.60 |
Including |
47.00 |
50.00 |
3.00 |
0.93 |
13.75 |
0.01 |
0.19 |
1.11 |
Including |
74.85 |
80.60 |
5.75 |
0.44 |
4.65 |
0.02 |
0.31 |
0.59 |
|
105.85 |
115.60 |
9.75 |
0.27 |
6.69 |
0.02 |
0.17 |
0.44 |
|
330.00 |
339.00 |
9.00 |
0.60 |
6.83 |
0.15 |
0.56 |
1.47 |
Including |
333.78 |
339.00 |
5.22 |
0.87 |
9.38 |
0.26 |
0.95 |
2.35 |
Including |
333.78 |
336.00 |
2.22 |
1.07 |
11.30 |
0.57 |
2.09 |
4.24 |
1 Assumptions used in USD for the copper equivalent calculation
are metal prices of $3.45/lb Copper, $20.54/oz Silver, $40.50/kg
Molybdenum, $1531/kg Rhenium and recovery is assumed to be 100% as
no metallurgical test data is available. The following equation was
used to calculate copper equivalence: CuEq = Copper (%) + (Silver
(g/t) x 0.0087) + (Molybdenum (%) x 5.32) + (Rhenium (g/t) x
0.02)
East Breccia mineralization is characterized by
a chlorite-epidote±sericite-carbonate altered polymictic breccia
containing pyrite-pyrrhotite-chalcopyrite mineralization.
Mineralization extends to metavolcanic and felsic rocks. High
copper mineralization appears to be associated with increasing
silver, molybdenum, and rhenium content. At depth, in a
metavolcanic host, there is evidence of a structurally controlled
higher-grade copper-silver-molybdenum-rhenium zone.
Drilling results have established the presence
of near surface copper mineralization with accompanying anomalous
silver, molybdenum and rhenium content. It also indicates the
potential for higher-grade mineralization related to a feeder
structure at depth.
Drillhole TR22-007 tested the northwest
extension of the East Breccia mineralization. It intersected a
broad zone of copper mineralization at 0.22 % Cu and 2.94 g/t Ag
over 66 meters from 69 m to 135 m, including a 13-meter interval
containing 0.30 % Cu and 4.07 g/t Ag from 83 m to 96 m.
Drillhole TR22-008 was also drilled to test
northwest extension of the East Breccia mineralization. It
intersected near surface copper mineralization with best results of
0.27 % Cu and 4.84 g/t Ag over 48.6 meters from 34 m to 82.6 m,
including higher grade intervals of 0.46% Cu and 9.97 g/t Ag over
14.80 m from 45 m to 59.80 m and 0.93 % Cu and 13.75 g/t Ag over 3
m from 47 m to 50 m. At depth, the hole also intersected, better
grade copper mineralization of 0.60 % Cu and 6.83 g/t Ag with
significant amounts of Molybdenum (Mo) and Rhenium (Re) over 9 m
from 330 m to 339 m. This interval includes a higher-grade zone of
1.07 % Cu, 11.30 g/t Ag, 0.57 % Mo, and 2.09 g/t Re over 2.22 m
from 333.78 m to 336 m.
Current and Future Work
Plans
The company is continuing its exploration
program to search for the potential intrusive source or sources of
the extensive copper mineralization covering the property. Target
validation is being conducted by extensive lake and surface
geochemical surveys in conjunction with geological mapping,
review/modelling of historical diamond drilling data and ground
truthing of historical geophysical targets. In the upcoming weeks,
the company will announce future exploration/drilling plans for the
Fall/Winter program.
Figure 5: Copper Road Project
is available
at https://www.globenewswire.com/NewsRoom/AttachmentNg/e85a0b27-75f3-4ded-ab9f-45dcf1fdde86
Qualified Person
Mr. Augusto Flores IV, P.Geo., a qualified
person for the purposes of National Instrument 43-101, has reviewed
and approved the technical disclosure contained in this news
release.
Quality Assurance and Quality Control
(QA/QC)The Company contracted Ronacher MacKenzie
Geoscience Inc. of Sudbury Ontario to establish QA/QC procedures in
the handling and assaying of drill core.
QA/QC include the systematic insertion of
duplicates, blanks and certified reference materials (CRM), with
blanks and CRM making up 10% of the sample stream. Drill core
samples are logged, and samples were split into half using a
diamond core saw. The other half of the drill cores are stored on
site in a safe and secure facility. Half-core samples are labelled,
placed in sealed bags and shipped directly to AGAT Laboratories in
Timmins, ON, an accredited mineral analysis laboratory. The Company
plans to check assay several high-grade sections to verify
grade.
For further information, please contact:
Mr. John TimmonsPresident/CEO and DirectorCopper
Road Resources Inc.Cellular (416) 931 2243Email:
jtimmons@copperroad.caWeb: www.copperroad.ca
Copper Road Resources Inc. is a Canadian based
explorer engaged in the acquisition, exploration and evaluation of
properties for the mining of precious and base metals. The Company
is exploring for large copper/gold deposits on the 21,000-hectare
Batchewana Bay Project 80 km. north of Sault St. Marie, Ontario,
Canada.
Caution Regarding Forward-Looking
InformationThis news release contains forward-looking
information that involves substantial known and unknown risks and
uncertainties, most of which are beyond the control of Copper Road.
Forward-looking statements include estimates and statements that
describe Copper Road Resource’s future plans, objectives or goals,
including words to the effect that Copper Road Resources or its
management expects a stated condition or result to occur.
Forward-looking statements may be identified by such terms as
"believes", "anticipates", "expects", "estimates", "may", "could",
"would", "will", or "plan". Since forward-looking statements are
based on assumptions and address future events and conditions, by
their very nature they involve inherent risks and uncertainties.
Although these statements are based on information currently
available to Copper Road Resources, the Company provides no
assurance that actual results will meet management's expectations.
Risks, uncertainties and other factors involved with
forward-looking information could cause actual events, results,
performance, prospects and opportunities to differ materially from
those expressed or implied by such forward-looking information.
Forward looking information in this news release includes, but is
not limited to, the Company’s objectives, goals or future plans,
statements, details of the exploration results, potential
mineralization, Copper Road Resource’s treasury, management team
and enhanced capital markets profile, the estimation of mineral
resources, exploration and mine development plans, timing of the
commencement of operations and estimates of market conditions.
Factors that could cause actual results to
differ materially from such forward-looking information include,
but are not limited to, failure or inability to complete the
Offering on disclosed terms or at all, regulatory approval
processes, failure to identify mineral resources, delays in
obtaining or failures to obtain required governmental, regulatory,
environmental or other project approvals, political risks,
inability to fulfill the duty to accommodate First Nations and
other indigenous peoples, uncertainties relating to the
availability and costs of financing needed in the future, changes
in equity markets, inflation, changes in exchange rates,
fluctuations in commodity prices, delays in the development of
projects, capital and operating costs varying significantly from
estimates and the other risks involved in the mineral exploration
and development industry, and those risks set out in the Company’s
public documents filed on SEDAR. Although the Company believes that
the assumptions and factors used in preparing the forward-looking
information in this news release are reasonable, undue reliance
should not be placed on such information, which only applies as of
the date of this news release, and no assurance can be given that
such events will occur in the disclosed time frames or at all.
Copper Road Resources disclaims any intention or obligation to
update or revise any forward-looking information, whether as a
result of new information, future events or otherwise, other than
as required by law.
Neither the TSXV nor its Regulation Services
Provider (as that term is defined in the policies of the TSXV)
accepts responsibility for the adequacy or accuracy of this news
release.
Stone Gold (TSXV:STG)
Gráfica de Acción Histórica
De Nov 2024 a Dic 2024
Stone Gold (TSXV:STG)
Gráfica de Acción Histórica
De Dic 2023 a Dic 2024