Jan 08, 2018
Copper North Intersects 34.9 m of 0.65% Copper, 0.14 g/t Gold, and 2.47 g/t Silver at Carmacks
Vancouver, British Columbia - Copper North Mining Corp. ("Copper North" or the "Company") (TSX.V:COL) are pleased to announce results of drilling on the Carmacks oxide Cu-Au-Ag project, Yukon, Canada. Seven holes were drilled within the zone 2000S as infill and small step-outs to better define the mineralized zone and the boundary between the sulphide and oxide domains. Copper mineralization was intersected in all holes within the zone.
Highlights of the assays included in the extension area:
Zone 2000S Assay results are given in the table below:
Zone 2000S is located 340 meters south of the proposed open pit and mineralized material crops out on surface. The mineralized zone tapers to the south and the north, but becomes wider with depth. It comprises oxide and sulphide copper mineralization hosted by a steeply east dipping tabular body of foliated amphibolite up to 50 meters wide. There is a significant oxide cap in Zone 2000S that extends to depths of up to 125 meters below surface with abundant malachite, azurite, chrysocolla and tenorite. The chalcopyrite-bornite - sulphide zone is open to depth.
The 2017 drilling has confirmed the high-grade tenor and excellent continuity of the zone. The increase in drill hole density may lead to increases in the level of confidence of parts of the existing Mineral Resource from Inferred to Indicated or Measured categories.
Dr. Harlan Meade, President and CEO commented “the value of Zone 2000S is that it represents an opportunity to extend the proposed 7 year mine life. None of the zone is currently included in the mine plan or PEA. The 2017 drilling has focused on expanding and improving the confidence in the copper oxide resources, demonstrating potential and scope for continued operation by exploring the highly prospective ground that surrounds the identified zones on the property”.
Results are pending for the remaining 2017 holes in Zone 13; assays are expected to be reported shortly. Maps of the location of Zone 2000S and the drill holes are available on www.coppernorthmining.com.
Quality assurance and quality control procedures include the systematic insertion of duplicate and standard samples in to the sample stream. Drill core samples were sawn in half, labelled, placed in sealed bags and were shipped straight to the preparatory laboratory of ALS Minerals in Whitehorse. All geochemical analyses were performed by ALS Minerals in North Vancouver. Total copper assays were performed by four-acid digestion with an AAS finish. Soluble copper assays were carried out by sulphuric acid digestion with an AAS finish. Gold was analyzed by a 30 g charge fire assay with an AAS finish. Silver was analyzed by four-acid digestion and ICP-AES finish.
True widths were determined by construction of geological cross sections along drill fences, interpretation of the bounding surfaces of the mineralized zones, and the width of the mineralized zone was measured perpendicular to the zone boundaries at the centre point of the intersection. The technical informationt in this news release has been prepared, reviewed and approved by Dr. Harlan Meade, P.Geo, the President and CEO of Copper North, a Qualified Person within the meaning of NI 43-101.
On behalf of the Board of Directors:
“Dr. Harlan Meade”
About Copper North
For Further Information
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 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, 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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