Aug 23, 2017
Copper North Resumes Exploration and Engineering of Carmacks Project, Yukon
August 23, 2017 - Vancouver, British Columbia - Copper North Mining Corp. ("Copper North" or the "Company") (TSX.V:COL) announce resuming exploration and engineering work on its Carmacks Project in west central Yukon. The work program will focus on expansion of the mineral resource identified in 2015 and site investigations to extend the site-wide groundwater management plan and to support feasibility-level design of the dry stack tailings management area.
Dr. Harlan Meade, President and CEO states he is particularly pleased with the resumption of drilling on new mineral resources, previously identified in Preliminary Economic Assessment (see November 28, 2016 news release, "Copper North Files Carmacks NI 43-101 Assessment Report on SEDAR") to lead potential extension of mine life. These activities are key to completing economic analysis of the Carmacks Project. The rising of copper price, makes Carmacks a very attractive development opportunity of copper, gold and silver.
The main focus of drilling will be to resume definition drilling of Zone 2000s and Zone 13 and further define the mineral resources discovered in fall 2015 (see January 25, 2016 news release). The late summer drill program will involve approximately 35 drill holes. The drill program will fill in the gap between zones 2000s and 13, wherein few drill holes have been made, and will also test a new target that appears to be parallel to the previous drilled areas in Zone 13. A discovery in the proposed new target area has the potential to further expand the extent of oxide mineralization beyond the mineralization defined in 2015 drill program.
Success in defining subparallel zones, in the 2000s and 13 zones, has the potential to expand the extent of oxide mineralization. Copper North is also re-evaluating other areas on its mineral claims wherein oxide and sulphide mineralization may occur.
About Copper North
Copper North is a Canadian mineral exploration and development company. Its assets include the Carmacks Project located in the Yukon, the Redstone Property located in the Northwest Territories, and the Thor Property in British Columbia. Copper North trades on the TSX Venture Exchange under the symbol COL.
On behalf of the Board of Directors:
Dr. Harlan Meade
President, CEO and Director
For Further Information
Dr. Harlan Meade
President and Chief Executive Officer
This news release includes certain forward-looking information or forward-looking statements for the purposes of applicable securities laws. These statements include, among others, statements with respect to the completion of the proposed Private Placement; the price of securities issued pursuant to the Private Placement; use of proceeds from the Private Placement; and proposed exploration and development activities and their timing. 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 timeliness and success of regulatory approvals, 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, 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 Private Placement will receive regulatory approval and will proceed as planned, the proposed exploration and development of the mineral projects will proceed as planned, market fundamentals will result in sustained metals and mineral prices, and any additional financing needed will be available on reasonable terms. 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.
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