The Conversation (0)
Australia Investing
Copper Mountain: More Positive Drill Results From New Ingerbelle
Aug. 14, 2018 08:28AM PST
The CEO of Cpper Mountain said they believe New Ingerbelle will grow in significance as a development project for the company.
Copper Mountain Mining (TSX:CMMC,ASX:C6C) has announced additional drill results from phase 2 of its 3-phase drilling program at the New Ingerbelle property near the present operations of the Copper Mountain mine in British Columbia.
As highlighted in the press release:
- Hole 18IG-10 returning 102 metres of 0.60 percent copper equivalent (0.45 percent copper, 0.52 grams per tonne (g/t) silver, 0.22 g/t gold)
- Hole 18IG-08 returning 99 metres of 0.56 percent copper equivalent (0.38 percent copper, 0.70 g/t silver, 0.26 g/t gold)
- Hole 18IG-09 returning 177 metres of 0.47 percent copper equivalent (0.33 percent copper, 0.45 g/t silver, 0.20 g/t gold) which includes 84 metres of 0.59 percent copper equivalent (0.41 percent copper, 0.57 g/t silver, 0.26 gold g/t)
- Hole 18IG-13 returning 15 metres of 0.83 percent copper equivalent (0.54 percent copper, 0.96 g/t silver, 0.43 g/t gold)
- Hole 18IG-14 returning 93 metres of 0.49 percent copper equivalent (0.33 percent copper, 0.70g/t silver, 0.23 g/t gold), and
- Hole 18IG-15 returning 24 metres of 0.77 percent copper equivalent (0.52 percent copper, 1.07 g/t silver, 0.36 g/t gold)
President and CEO of Copper Mountain, Gil Clausen said:
“The drill results from our exploration program at New Ingerbelle continue to reaffirm our belief in its ability to grow in quality and size. New Ingerbelle resource development fits perfectly into our project pipeline of organic growth opportunities. We believe New Ingerbelle will grow in significance as a development project for the company and fit nicely with our Eva project and other organic development opportunities in Australia.”
Click here to read the full Copper Mountain Mining (TSX:CMMC,ASX:C6C) press release.
Keep reading...Show less
