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    copper investing

    Copper Mountain Completes Phase 2 Drill Program at New Ingerbelle

    Scott Tibballs
    Sep. 19, 2018 08:42AM PST
    Base Metals Investing

    The President and CEO of the company said they believe New Ingerbelle will continue to increase in significance as a development project.

    Copper Mountain Mining (TSX:CMMC,ASX:C6C) has announced that is has completed phase 2 of its 3-phase drilling program at the New Ingerbelle property in British Columbia, and according to the release results continue to be positive.

    As highlighted in the press release:

    • Hole 18IG-24 returning 188 metres of 0.55 percent copper equivalent (0.38 percent copper, 0.45 grams per tonne (g/t) silver, 0.25g/t gold) which includes 114 metres of 0.71 percent copper equivalent (0.49 percent copper, 0.51 g/t silver, 0.32 gold g/t)
    • Hole 18IG-26 returning 135 metres of 0.71 percent copper equivalent (0.49 percent copper, 0.97g/t silver, 0.32g/t gold)
    • Hole 18IG-18 returning 339 metres of 0.37 percent copper equivalent (0.27 percent copper, 0.53g/t silver, 0.14g/t gold)
    • Hole 18IG-27 returning 96 metres of 0.55 percent copper equivalent (0.39 percent copper, 0.69g/t silver, 0.23g/t gold), and
    • Hole 18IG-28 returning 54 metres of 0.58 percent copper equivalent (0.42 percent copper, 0.80g/t silver, 0.23g/t Au) and 90 metres of 0.62 percent copper equivalent (0.46 percent copper, 0.57g/t silver, 0.23g/t gold)

    President and CEO of Copper Mountain, Gil Clausen said:

    “These drill results continue to demonstrate that New Ingerbelle has the potential to be of considerable size and significance to the company. We have extended mineralization below prior resource limits, expanded it laterally and filled in the resource as planned.  With the phase 2 drilling program complete, we are now working on incorporating the results into an updated mineral resource for New Ingerbelle, which we expect to announce shortly. We believe New Ingerbelle will continue to increase in significance as a development project for the company and will fit perfectly in our organic development pipeline of growth projects.”

    Click here to read the full Copper Mountain Mining (TSX:CMMC,ASX:C6C) press release.

    tsx:cmmcasx:c6cbritish columbiacopper investingcopper mountaingil clausen
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