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Copper North Mining Intersects Oxide and Sulphide Copper Mineralization at Carmacks Project
Copper North Mining Corp. (TSXV:COL) reported that the first 8 drill holes of the 22 drill hole program at the Carmacks copper-gold project in the Yukon, Canada, intersected oxide and sulphide copper mineralization.
Update: On October 22, Copper North released a clarification with respect to technical disclosures in its news releases dated September 8, 2015 and September 23, 2015, in its corporate presentation dated October 3, 2015, and in the following interview. Please see the full news release here.
Copper North Mining Corp. (TSXV:COL) reported that the first 8 drill holes of the 22 drill hole program at the Carmacks copper-gold project in the Yukon, Canada, intersected oxide and sulphide copper mineralization. Detailed drilling confirmed the continuity and quality of these zones and the potential for expansion of mineral resources. Highlights of the drilling include an estimated true width of 18.32 metres of oxide mineralization grading 0.72% total copper, 0.47% soluble copper in hole CN15-02, and an estimated true width of 24.01 metres of sulphide mineralization grading 1.01% total copper from hole CN15-07.
Please note Copper North Mining has released an update in regards to this press release
As quoted in the press release:
Zone 2000S
Zone 2000S is located 400 metres south of the edge of the proposed open-pit. In addition to eight diamond drill holes in 2015, five historic holes from 2007 and 2014 define the mineralized zone. The drill density should now be sufficient to define a mineral resource. The drill hole locations, plan maps and cross-sections for Zone 2000S are available on Copper North’s website, www.coppernorthmining.com.
The highlights of the drilling include an estimated true width of 18.32 metres of oxide mineralization grading 0.72% total copper, 0.47% soluble copper in hole CN15-02, and an estimated true width of 24.01 metres of sulphide mineralization grading 1.01% total copper from hole CN15-07.
Zone 13
Fourteen holes were drilled in Zone 13, which lies to the south of the Williams Creek valley, approximately 300 metres south-east of Zone 2000S (see August 4, 2015 news release). Zone 13 is approximately 650 metres long, but the drilling in 2015 has focused on an approximately 300 metre long section of strike where the widest and thickest amount of near-surface oxide copper mineralization is evident. Thirteen of fourteen holes intersected oxide copper, native copper or copper sulphide mineralization. The fourteenth hole was lost due to poor ground conditions. Including historic drill holes, there are now 30 drill holes in Zone 13 that have intersected copper mineralization. The drill density should now be sufficient to define a mineral resource once assay results have been received. Zone 13 is open to the north, to the south and at depth.
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