Oct 01, 2014
Copper North Commences Geophysical Survey on Thor Property in North Central British Columbia
Vancouver, British Columbia - Copper North Mining Corp. ("Copper North" or the "Company") (TSX.V:COL) announces that it has commenced geophysical surveys on the Thor Property located 15 km to the south of the Kemess mine and mill facilities. Copper North acquired a 100% interest in the property in July 2014 (see July 11, 2014 news release).
Copper North has contracted Scott Geophysics Ltd. ("Scott") to carry out up to 80 line kilometres of induced polarization ("IP") surveying along one kilometre spaced lines on the Thor Property. The survey is a time domain, dipole - dipole IP survey using a dipole spacing of 100 metres and readings from N equal 1 to 8. Scott uses a 6.5 Kw generator and a 6 channel GDD GRx8 receiver and a GDD Tx II transmitter. The survey has a conservative search depth of between 200 and 250 metres. IP chargeability effect can be caused by metallic sulphides as well as other minerals such as graphite, clays and magnetite.
The geophysical survey is an extension of previous geophysical work that defined numerous anomalies within the till covered Moose Valley area that may represent porphyry copper targets. The current work will extend the IP coverage further to the south to evaluate drill targets for summer 2015. The completion of the geophysical survey will provide a framework for re-evaluation of the historic exploration work that ceased in 1998.
About Copper North
The Company is focused on the exploration and development of copper deposits. Its core asset is the Carmacks Project in the Yukon which the Company is progressing toward a new feasibility study that will incorporate the re-engineering of the project during the past several months. The Thor property is an exploration stage project that covers a large area (approximately 13,000 hectares) in north central British Columbia.
On behalf of the Board of Directors,
Dr. Harlan D. Meade
President, CEO, and Director
For Further Information:
Dr. Harlan Meade, President and CEO
Cautionary and Forward-Looking Statements
This news release includes certain forward-looking information or forward-looking statements (collectively "forward-looking statements") for the purposes of applicable securities laws. Forward-looking statements include, but are not limited to, statements with respect to the geophysical surveys to be conducted at the Thor property; the proposed exploration and development activities for the Thor property and their timing and potential mineralization; and possible events, conditions or performance that are based on assumptions about future courses of action . In certain cases, forward-looking statements can be identified by the use of words and phrases such as "plans", "expects" or "does not expect", "scheduled", "estimates", anticipates", "potential", "recommends" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would" or "will be taken", "occur" or "be achieved". These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements to differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include, among others, the timing and success of future exploration and development activities, exploration and development risks, market prices, exploitation and exploration results, availability of capital and financing, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment, timeliness of government and regulatory approvals, unanticipated environmental impacts on operations and other exploration risks detailed herein and from time to time in the filings made by the Company with securities regulators. In making the forward-looking statements, the Company has applied several material assumptions including, but not limited to, the assumptions that the proposed exploration and development of the Thor property will proceed as planned, the Company will be able to timely obtain permits and licenses required for development of the property and conduct its operations, that market fundamentals will result in sustained metals and mineral prices, current exploration and other objectives can be achieved, that the Company's other corporate activities will proceed as expected, and any additional financing needed will be available on reasonable terms. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described herein, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
You can view the Next News Releases item: Tue Oct 14, 2014, Copper North Announces Joint Canada-China Feasibility Study for Carmacks Project, Central Yukon
You can view the Previous News Releases item: Thu Sep 11, 2014, Copper North Announces Private Placement
You can return to the main News Releases page, or press the Back button on your browser.