Fabled Book 6 Copper Occurrence reports up to 7.73% Copper in Chip Sampling

Fabled Book 6 Copper Occurrence reports up to 7.73% Copper in Chip Sampling

 

Fabled Copper Corp. ("Fabled Copper" or the "Company") (CSE:FABL; FSE:XZ7) announces additional results of 2021 surface field work on its Muskwa Copper Project. See Figure 1 below

 

Figure 1 - General Property Location

 Fabled Copper Corp., Wednesday, June 15, 2022, Press release picture

The Project is comprised of the Neil Property, the Toro Property and the Bronson Property located in northern British Columbia. See Figure 2 below.

 

Figure 2 - Location Map

 Fabled Copper Corp., Wednesday, June 15, 2022, Press release picture

Peter Hawley, President, CEO reports; " The Bronson property comprises 4 mineral tenures covering approximately 2,524.6 hectares where the key objectives of the 2021 work program were to:

 
  1. Carry out a field campaign consisting of reconnaissance prospecting across the Bronson claims.
  2.  
  3. Complete a focused program at the Book 6 vein target consisting of detailed sampling, Very Low Frequency Electromagnetic and ground magnetometer geophysical surveys and a UAV photogrammetry survey.
  4.  
  5. Conduct alteration mineral mapping and targeting using Visible Near Infrared (VNIR), Shortwave Infrared (SWIR) and Thermal Infrared (TIR) Advanced Spaceborne Thermal Emission and Reflection Radiometer (ASTER) multispectral satellite data." See Figure 3 below.
  6.  

Figure 3 - Bronson Property, Book 6 Location

 Fabled Copper Corp., Wednesday, June 15, 2022, Press release picture

A total of 56 person days were spent on the property with 199 rock samples taken on 7 areas prospects which are the; Book 6, Book 9, B00k 10, 428 Central, 428 South, PJ105 and PJ100. See Figure 4 below.

 

Figure 4 - Bronson Property, Area of 2021 Prospecting

 Fabled Copper Corp., Wednesday, June 15, 2022, Press release picture

We previously reported on the Book 6 property where an unmanned Aerial Vehicle (UAV) photogrammetry survey was conducted over the Book 6 vein target resulting in

 
  1. Generate high resolution photogrammetry datasets for the vein target to better understand bedrock controls on copper mineralization.
  2.  
  3. Generate high resolution Digital Terrain Models (DTMs) to assist with 3D modelling of the targets.
  4.  
  5. Generate baseline imagery to record current state of surface disturbance at sites that will be actively explored in coming years.
  6.  

The data generated was used for in-field targeting of visual copper occurrences on the color orthophoto due to the 3 cm resolution which led to field examination of the mineralization and the sampling of the Book 6 vein where a total of 113 samples were collect as a first pass evaluation. Press link here to view Bronson Property Book 6 Vein drone flight mission.

 

The Book 6 veining is exposed striking southward along a relatively flat-lying valley at elevations of 1,988 to 1,912 meters. A total of 113 rock samples, 11 grab samples, (7 float samples and 95 chip samples), were collected along the exposed veining and in the surrounding areas. See Photo 1 below.

 

Photo 1 - Bronson Property, Book Vein as Seen by Helicopter

 Fabled Copper Corp., Wednesday, June 15, 2022, Press release picture

Two veins, labelled the Main & the West, were systematically chip sampled at various locations south along the veining. Each section was chained (measured) southward from sample D-723035 at the north end of the mineralized Main Vein. The section assays and averages are presented in Table 1 below.

 

The Main Vein was chip sampled along 68 meters, at widths of 0.50 to 1.60 m. (sections 0 to 68 meters South). The Main Vein strikes 177 to 181 degrees through sheared sediments and dips steeply to the west. At its southern end where it is intruded by a northwesttrending dyke, the vein slightly bends to the east-southeast. Chalcopyrite concentrations of up 10% were observed in the samples, but generally the chalcopyrite content is around 1%. See Figures 5, 6 below.

 

Figure 5 - Bronson Property, Book 6 - Northern Sample Locations and Copper Values

 Fabled Copper Corp., Wednesday, June 15, 2022, Press release picture

Figure 6 - Bronson Property, Book 6 - Southern Sample Locations and Copper Values

 Fabled Copper Corp., Wednesday, June 15, 2022, Press release picture

Twelve sections were chip sampled (D-723035-042 & 044-055) along 68 meters. Nine of the 12 sections averaged 0.13 to 0.47% Cu, across widths of 0.65 to 1.40 meters.

 

Three sections averaged 2.10 to 6.40% Cu:

 
  • section 31S (samples D-723042 & 044) - 2.83% Cu across 0.70 meters;
  •  
  • section 55S (samples D-723052 & 053) - 2.10% Cu across 1.00 meter; and
  •  
  • section 68S (samples D-723054 & 055) - 6.36% Cu across 1.60 meters.
  •  

Four individual chip samples contained a Cu content of over 1%:

 
  • samples D-723042 & 044 along section 31S assaying 1.57 and 3.77 % Cu across 0.30 and 0.40 meters, respectively;
  •  
  • sample D723053 across 0.60 meters on section 55S assayed 3.44% Cu; and
  •  
  • sample D723054 collected across 1.10 meters on section 68S contained 7.73% Cu, See Photo 2 below.
  •  

Photo 2 - Bronson Property, Book 6 North Mineralized Vein

 Fabled Copper Corp., Wednesday, June 15, 2022, Press release picture

The mineralized West Vein is exposed at numerous locations along a length of approximately 400 meters. This vein strikes 175 to 183degrees and dips 85 degrees to the west, is 0.20 to 3.60 meters wide and contains up to 75% massive chalcopyrite & 2% bornite.Galena concentrations of

Photo 3 - Bronson Property, Book 6 North Mineralized Vein

 Fabled Copper Corp., Wednesday, June 15, 2022, Press release picture

Of the 34 sections sampled, 13 sections, collected across widths of 0.20 to 4.70 meters, contained > 1% Cu.

 

Table 1 - Bronson Property, Book 6 Copper Occurrence

 
                                                                                                                                                                                                                                                                                                                                                                                                

SAMPLENUMBERS

NAD83E

NAD83N

ELEV.

 

SECTION LOC.

 

meters

 
 

WIDTH

 

meters

 
 

CU

 

%

 

VEIN

(for each section)

(center)

(center)

 

(S. from D-723035)

   

D-723035

366156

6449512

1988

0

0.65

0.41

Main

D-723036

366156

6449508

1988

4

1.10

0.15

Main

D-723037

366155

6449504

1988

8

0.80

0.13

Main

D-723038

366155

6449501

1988

11

0.80

0.37

Main

D-723039, 040

366155

6449492

1988

20

1.50

0.25

Main

D-723041

366153

6449486

1988

26

1.00

0.39

Main

D-723042, 044

366155

6449481

1988

31

0.70

2.83

Main

D-723045, 046, 051

366154

6449470

1988

42

1.00

0.33

Main

D7-23047

366153

6449467

1988

45

0.90

0.37

Main

D-723048, 049, 050

366153

6449463

1988

49

1.40

0.47

Main

D-723052, 053

366153

6449457

1988

55

1.00

2.10

Main

D-723054, 055

366154

6449444

1988

68

1.60

6.36

Main

D-723057

366153

6449481

1988

31

0.40

0.26

West

D-723058

366153

6449472

1988

40

1.20

0.06

West

D-723059

366148

6449463

1988

49

0.50

0.01

West

D-723060

366147

6449460

1988

52

0.50

0.00

West

D-723061, 062, 063

366148

6449454

1988

58

2.20

0.09

West

D-723064, 065

366147

6449448

1988

64

1.30

0.10

West

D-723066

366147

6449444

1969

68

1.10

0.01

West

D-723067, 068

366142

6449399

1969

113

1.00

2.31

West

D-723069, 077

366133

6449337

1954

175

1.50

0.49

West

D-723078, 079

366134

6449334

1954

178

1.30

1.03

West

D-723080

366133

6449323

1954

189

1.00

1.25

West

D-723081, 082

366132

6449317

1954

195

1.20

1.03

West

D-723083

366130

6449305

1954

207

0.80

0.20

West

D-723084

366129

6449298

1954

214

0.50

0.25

West

D-723086

366128

6449293

1954

219

1.00

0.35

West

D-723087

366128

6449283

1954

229

0.80

0.16

West

D-723088

366127

6449274

1954

238

0.80

0.15

West

D-723089,090

366126

6449268

1954

244

2.40

0.17

West

D-723091, 092

366125

6449255

1954

257

1.30

0.51

West

D-723093

366124

6449237

1954

275

1.00

0.40

West

D-723094

366123

6449229

1954

283

0.90

3.04

West

D-723095, 097

366123

6449220

1954

292

0.90

1.40

West

D-723098, 099

366123

6449217

1954

295

0.80

5.38

West

D-723100

366124

6449209

1954

303

0.80

0.68

West

D-723102

366103

6449190

1917

322

0.20

2.62

West

D-723103

366103

6449187

1917

325

0.25

4.18

West

D-723104, 105

366102

6449182

1917

330

0.35

0.12

West

D-723106, 107, 108

366102

6449182

1917

335

1.00

0.26

West

D-723109, 110

366102

6449177

1917

338

0.65

0.93

West

D-723111

366100

6449149

1922

363

0.40

3.19

West

D-723112

366088

6449109

1912

403

1.50

0.52

West

D-723113, 115, 116, 117

366089

6449105

1912

407

4.70

2.10

West

D-723118, 119, 120, 121

366090

6449103

1912

409

2.30

1.26

West

D-723122, 123

366091

6449101

1912

411

2.30

2.38

West

 

Sections of interest with Cu % / widths include, See Photo 4 below:

 
  • section 113S - 2.31% Cu/1.00 m.; section 178S - 1.03% Cu/1.30 m.; 
  •  
  • section 189S - 1.25% Cu/1.00 m.; section 195S - 1.03% Cu/1.20 m.: 
  •  
  • section 283S - 3.04% Cu/0.90 m.; section 292S - 1.40% Cu/0.9m.; 
  •  
  • section 295S - 5.38% Cu/0.80 m.; section 322S - 2.62% Cu/0.20 m.; 
  •  
  • section 325S - 4.18% Cu/0.25 m.; section 363S - 3.19% Cu/0.40 m.; 
  •  
  • section 407S - 2.10% Cu/4.70 m.; section 409S - 1.26% Cu/2.30 m.; 
  •  
  • section 411S - 2.38% Cu/2.30 m. 
  •  

Photo 4 - Bronson Property, Book 6 North Mineralized Vein Sections of Interest

 Fabled Copper Corp., Wednesday, June 15, 2022, Press release picture

Eighteen individual chip samples assayed higher than 1% Cu. Of the 56 chip samples taken, 7 (D-723062, 90,107,108,109,117 and 119)were collected from sheared sediments surrounding the vein. Samples D-723117 & 119, of sheared sediments, on sections 407S &409S, contained 0.43% Cu across 1.10 meter and 0.88% Cu across 0.50 meter, respectively.

 

Lead and Zinc amounts of over 1% and silver amounts over 10 ppm (g/t) were observed in samples:

 
  • D-723080 - 1.20% Pb across 1.00 m.; D-723084 - 12.90 ppm Ag across 0.50 m.;
  •  
  • D-723092 - 7.33% Pb & 55.90 ppm Ag across 0.50 m.; D-723095 - 14 ppm Ag across 0.50 m.;
  •  
  • D-723098 - 1.46% Zn across 0.30 m.; D-723099 - 28.40 ppm Ag across 0.50 m.;
  •  
  • D-723116 - 1.50% Pb across 1.10 m.; D-723120 - 19.10 ppm Ag across 0.30 m.
  •  

Along strike, 30 to 90 meters north of the Main Vein and 30 to 150 meters south of the West Vein, non- mineralized exposures ofquartz-carbonate veining were prospected. In the north, 5 samples (D-723026-028 & 031-032) were collected and to the south 4 samples (D-723124-127) were taken. All these samples assayed

An exposure of irregular shaped, mineralized (up to 10% chalcopyrite), quartz-carbonate veining was discovered at elevations of 1,871-1,873 meters, 270 meters southeast of the south end of the West Vein. The veining appears to be up to 3.60 meters in width. See Photo 5 below

 

Photo 5 - Bronson Property, Book 6 West Mineralized Vein

 Fabled Copper Corp., Wednesday, June 15, 2022, Press release picture

Nine chip samples (D-723128-128 & 131-137) were collected at various orientations, across 3 sections of veining and sediments. Sample D-723131 of vein across 0.80 meters, contained the highest Cu content of 5.42%. The remaining samples assayed

North and northeast of the Main Vein, numerous, mainly northwest striking tension veins, were sampled. The veins are not mineralized and the 8 samples collected (D-723019-025 & 030 assayed low in Cu,

Mineralized (1% chalcopyrite) float sample (D-723035) collected in a creek, at the south end of the Main Vein assayed 2.45% Copper.

 

All samples taken were photographic and GPS location taken plus a metal sample tag left in place for future reference if required. All this data plus the assay results were geotagged and placed in a .kml /.kmz file for use such as google earth for easy reference. See Photo 6 below.

 

Photo 6 - Bronson Property, Book 6 Geotagged data

 Fabled Copper Corp., Wednesday, June 15, 2022, Press release picture

Going Forwards

 

Additional releases on the geophysics and structural interpretation results of the Bronson Property, Book 6 copper occurrence will be forth coming in the following weeks.

 

QA QC Procedure

 

Analytical results of sampling reported by Fabled Copper Corp represent rock samples submitted by Fabled Copper Corp staff directly to ALS Chemex, Vancouver, British Columbia Canada. Samples were crushed, split, and pulverized as per ALS Chemex method PREP-31, then analyzed for ME-ICP61 33 element package by four acid digestion with ICP-AES Finish. ME-GRA21 method for Au and Ag by fire assay and gravimetric finish, 30g nominal sample weight.

 

Over Limit Methods

 

For samples triggering precious metal over-limit thresholds of 10 g/t Au or 100 g/t Ag, the following is being used:

 

Au-GRA21 Au by fire assay and gravimetric finish with 30 g sample.

 

Ag-GRA21 Ag by fire assay and gravimetric finish.

 

Fabled Copper Corp. monitors QA/QC using commercially sourced standards and locally sourced blank materials inserted within the sample sequence at regular intervals.

 

About Fabled Copper Corp.

 

Fabled Copper is a junior mining exploration company. Its current focus is to creating value for stakeholders through the exploration and development of its existing copper properties located in northern British Columbia. The Muskwa Project comprises a total of 76 claims in two non-contiguous blocks and totals approximately 8,064.9 hectares, located in the Liard Mining Division in northern British Columbia.

 

Mr. Peter J. Hawley, President and C.E.O.
Fabled Copper Corp.
Phone: (819) 316-0919
peter@fabledcopper.org

 

For further information please contact:

 

info@fabledcopper.org

 

The technical information contained in this news release has been approved by Peter J. Hawley, P.Geo. President and C.E.O. of Fabled, who is a Qualified Person as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

 

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.

 

Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, that the Company's financial condition and development plans do not change as a result of unforeseen events and that the Company obtains any required regulatory approvals.

 

Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Some of the risks and other factors that could cause results to differ materially from those expressed in the forward-looking statements include, but are not limited to: impacts from the coronavirus or other epidemics, general economic conditions in Canada, the United States and globally; industry conditions, including fluctuations in commodity prices; governmental regulation of the mining industry, including environmental regulation; geological, technical and drilling problems; unanticipated operating events; competition for and/or inability to retain drilling rigs and other services; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; volatility in market prices for commodities; liabilities inherent in mining operations; changes in tax laws and incentive programs relating to the mining industry; as well as the other risks and uncertainties applicable to the Company as set forth in the Company's continuous disclosure filings filed under the Company's profile at www.sedar.com. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.

 

SOURCE: Fabled Copper Corp.

 

View source version on accesswire.com:
https://www.accesswire.com/705187/Fabled-Book-6-Copper-Occurrence-reports-up-to-773-Copper-in-Chip-Sampling

News Provided by ACCESSWIRE via QuoteMedia

FABL:CC
The Conversation (0)
Fabled Copper Receives Drill Permit and Outlines Proposed 2024 Drill Program on Davis Keays Eagle Vein

Fabled Copper Receives Drill Permit and Outlines Proposed 2024 Drill Program on Davis Keays Eagle Vein

Fabled Copper Corp. ("Fabled Copper" or the "Company") (CNSX:FABL)(FRA:XZ7) announces that it has received its Mines Act Permit which entitles the Company to drill from 15 drill stations over a period of 2 years on the Muskwa Copper Project

The Muskwa Project is comprised of the Neil Property, the Toro Property and the Bronson Property located in northern British Columbia. The Neil Property area was granted the drilling permit and in particular the Davis Keays Eagle Vein area is the Company's first priority interest. See Figure 1 below.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
FABLED COPPER Samples Three Road Side Lithium Bearing Pegmatite Outcrops on Volt 1 Property, Quebec

FABLED COPPER Samples Three Road Side Lithium Bearing Pegmatite Outcrops on Volt 1 Property, Quebec

 

Fabled Copper Corp. (" Fabled " or the " Company ") (CSE:FABL; FSE:XZ7) is pleased to announce the first Phase sampling program on the Volt 1 Property in Quebec

 

The VOLT 1 Property is comprised of 9 contiguous cells with a total size of 504 hectares. The VOLT 2 Property is comprised of 2 contiguous cells nearby with a total size of 112 hectares. Both properties are located due east of the village of Miquelon, Quebec and are surrounded by Mosaic Minerals Corp.'s (CSE: MOC) "Lithium SM Project."

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Fabled Copper Outlines 8 km by 2 km Pegmatite Boulder Field With Pegmatite Outcropping in Central Portion of OHM Property, Quebec

Fabled Copper Outlines 8 km by 2 km Pegmatite Boulder Field With Pegmatite Outcropping in Central Portion of OHM Property, Quebec

 

Fabled Copper Corp. ("Fabled" or the "Company") (CSE:FABL)(FSE:XZ7) is pleased to announce the results of the first phase sampling program on the OHM Property (the "Property

 

The OHM Property consists of 51 contiguous cells comprising of 2,856 hectares located approximately 70 kms south of Val D'Or. The OHM Property can be easily accessed from the main highway, route 117 and forestry roads 43 and 44 with numerous secondary cutting roads. It is estimated that 80% of the Property has been logged thus outcrop visibility is excellent.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Fabled Copper Closes Debt Settlement and Terminates Proposed Acquisition of the TJ Property

Fabled Copper Closes Debt Settlement and Terminates Proposed Acquisition of the TJ Property

 

(TheNewswire)

 
      
  Fabled Copper Corp. 
             
 

Vancouver, British Columbia TheNewswire August 18, 2023 - Fabled Copper Corp. (" Fabled " or the " Company ") (CSE:FABL ) ; ( FSE:XZ7) announces that it closed, on August 10, 2023, its previously announced debt settlement pursuant to which the Company settled an aggregate amount of C$30,000 in outstanding debt (the " Debt Settlement ") in exchange for the issuance of 375,000 units at a price of C$0.08 per unit (each a " Unit ").

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Fabled Copper Agrees Debt Settlement

Fabled Copper Agrees Debt Settlement

Fabled Copper Corp. ("Fabled" or the "Company") (CSE:FABL)(FSE:XZ7) announces that it proposes to enter into a debt settlement agreement with a consultant, pursuant to which the Company will agree to settle an aggregate amount of C$30,000 in outstanding debt (the "Debt Settlement") in exchange for the issuance of 375,000 units at a price of C$0.08 per unit (each a "Unit

Each Unit will consist of one common share (each a "Common Share") and one common share purchase warrant (each a "Warrant"). Each Warrant entitles the holder thereof to acquire one Common Share at the price of $0.12 per share for a period of 24 months from closing.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
FPX Nickel Announces Share-Based Compensation Grant

FPX Nickel Announces Share-Based Compensation Grant

 
 

FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (" FPX " or the " Company ") announces that the board of directors of the Company has approved the grant of 5,305,000 stock options (the " Options ") to directors, officers and employees of the Company pursuant to the Company's Share Compensation Plan. The Options have an exercise price of $0.30 per share, with a five-year term and are fully vested on the grant date, July 10, 2025 .

 
 

  FPX Nickel logo (CNW Group/FPX Nickel Corp.) 

 

The Company also granted an aggregate 750,000 restricted share units (the " RSUs ") to certain officers of the Company. The RSUs vest in three equal installments on the annual anniversaries of the grant date and each vested RSU will entitle the holder to receive one common share of the Company or the equivalent cash value upon settlement.

 

  About FPX Nickel Corp.  

 

 FPX Nickel Corp. is focused on the exploration and development of the Decar Nickel District, located in central British Columbia , and other occurrences of the same unique style of naturally occurring nickel-iron alloy mineralization known as awaruite. For more information, please view the Company's website at https://fpxnickel.com/ or contact Martin Turenne , President and CEO, at (604) 681-8600 or ceo@fpxnickel.com .

 

On behalf of FPX Nickel Corp.

 

"Martin Turenne"
Martin Turenne , President, CEO and Director

 

   Forward-Looking Statements   

 

  Certain of the statements made and information contained herein is considered "forward-looking information" within the meaning of applicable Canadian securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed in the Company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.  

 

  Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.  

 

SOURCE FPX Nickel Corp.

 

 

 

 Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2025/11/c5569.html  

 
 

 

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Cygnus Metals Limited: Issue of Performance Rights

Cygnus Metals Limited: Issue of Performance Rights

 

Cygnus Metals Limited ("Cygnus" or the "Company") advises that it has issued an aggregate of 67,050,000 performance rights ("Performance Rights") to directors, and key employees and consultants, under the Company's Omnibus Equity Incentive Plan ("Plan").

 

Shareholders approved the Plan and the issue of Performance Rights to directors at the Company's annual general meeting held on May 14, 2025. The Performance Rights to key personnel were issued on the same terms and conditions as the director Performance Rights, as set out in the notice of annual general meeting released to ASX on April 14, 2025.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Silver47 Conducts Prospecting and Soil Geochemical Surveys at Its Adams Plateau SEDEX Silver-Zinc-Lead-Copper-Gold Project, BC, Canada

Silver47 Conducts Prospecting and Soil Geochemical Surveys at Its Adams Plateau SEDEX Silver-Zinc-Lead-Copper-Gold Project, BC, Canada

Silver47 Exploration Corp. (TSXV: AGA,OTC:AAGAF) (OTCQB: AAGAF) ("Silver47" or the "Company") is pleased to announce the 2025 exploration program is nearing completion at its wholly-owned Adams Plateau Project (the "Project") in southern British Columbia, a silver-zinc-copper-gold-lead SEDEX project.

Gary Thompson, CEO of Silver47, stated: "We are glad to continue our work on Adams Plateau toward defining drill targets on this road-accessible project. The abundance of surface mineralization on the Project is very encouraging for the potential of new and exciting discoveries. The Company has received a 5-year permit for drilling. This year is shaping up to be transformational for the Company with a full season of drilling at the flagship Red Mountain Project and the pending merger with Summa Silver."

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Osisko Metals Infill and Expansion Drilling Intersects New Wide Mineralization at Gaspé Copper

Osisko Metals Infill and Expansion Drilling Intersects New Wide Mineralization at Gaspé Copper

 

   New Expansion Hole Intersects    279    Metres Averaging    0.49    % Cu   

 

   Nine Drill Rigs Now Active on Site   

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Vertex Minerals Limited  Reward Gold Mine Project Update

Vertex Minerals Limited Reward Gold Mine Project Update

Perth, Australia (ABN Newswire) - Vertex Minerals Limited (ASX:VTX,VTXXF) (OTCMKTS:VTXXF) is pleased to announce that the underground mining operation is on track to be producing high grade gold feed to the recently commissioned gravity gold plant in the coming weeks.

HIGHLIGHTS:

- Operational Milestones

o VTX remains firmly on track to commence production of high-grade ore from the underground mine in the forthcoming weeks.

o Transformer and cabling for the installation of 11kV high voltage underground power system on site with installation commenced.

o Preparations for the underground mine startup up progressing as planned and stripping of the main access is completed.

o New Aramine L350D has departed France for the journey to Hill End. Arrival in Orange NSW expected in by 26th August where it will be fitted with an RCT remote control system for open stoping operations.

o Mining the Reward Gold Mine - Resource 225kozs at 16.7g/t (VTX ASX Announcement 21 June 2023).

o Weekly Gold production Oz's from Stockpiles improving with depth in the stockpiles, with coarser particle size and better process throughput experienced.

- Mine start up

o Fan chambers have been excavated to provide secondary ventilation for production activities, exploration drilling and the future southern access toward the Fosters' exploration target.

o Primary ventilation fan has been installed and bulkhead completed.

o High voltage surface substation has been installed.

o High voltage cabling installation commences next week, with power up of the system scheduled for 28 July 2025.

o Stripping of the main accessis completed with the final elements of ground support (approx. 30m) to be completed before power cable installation starts next week.

o Cable bolts installed for the intersection of Lady Belmore exploration drive with first cut drilled out and ready to charge.

o Development Jumbo #1 (Epiroc T1D) is exceeding performance expectations.

o Dewatered of declines well underway.

o Mine schedule for FY26 finalised.

o First airleg stope secondary vent installed and specialty equipment on site to start first air leg stope.

o First long hole stope planned for August. High grade from airleg and longhole stopes to complement larger tonnage from development ore headings.

- People that have been onboarded

o 2x Drill Fitters and Heavy diesel fitter.

o Process superintendent commences next week.

o Full Tech team started including mine surveyor this week.

o Have back-to-back airleg miners for stoping.

o Full underground and mill crews.

- Improvements to plant

o DSM screen installed to improve product delivery to Wilfley Table.

o Gemini table improvements with new tabletop and gearbox improving final concentrate grade to over 20% gold (suitable for direct smelting to Dore on site).

o Process water pump upgrade improving ore washing and Tomra performance.

- Revised mine plan and schedule completed and ready to implement

- Updated Reward Gold mine mining plan and mine schedule completed.

- Adding a high-grade long hole stope upfront to be mined concurrently with the high grade airleg stope.

Vertex Director Declan Franzmann commented: "It is great to see all the elements of re-developing the underground mine and processing facility coming together so rapidly. The most pleasing aspect is our success in employing an incredible team of people to run the operation and all credit to management for developing great "esprit de corps" and a single sense of purpose as we push to full production."

As previously announced, the startup mine schedule includes mining 2,075 tonnes at 17.8 g/t Au from a developed airleg stope block. The planned stope width is the same as the interpretation of the mineralisation. (Refer to Table 1 in Appendices 1) (VTX ASX announcement 26/06/23).

Given this stope will take some time to extract, the Vertex geology and Mining Team have additionally brought forward a very high-grade long hole stope to commence mining in August as well. Further optimisations to the mining schedule will continue to be made.

This stope can be exploited as soon as services have been established. The mining crews have done a great job in the access drive to make room for the services (11kV cable, water and air lines) while improving accessibility for the mobile mining equipment selected for the Project.

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/OUQP5Z21

 

About Vertex Minerals Limited:  

Vertex Minerals Limited (ASX:VTX,VTXXF) is an Australian based gold exploration company developing its advanced Hargraves and Hill End gold projects located in the highly prospective Eastern Lachlan Fold Belt of Central West NSW. Other Company assets include the Pride of Elvire gold project and Taylors Rock gold/nickel/lithium project both located in the Eastern Goldfields of WA. The focus of Vertex Minerals is to advance the commercial production of gold from its NSW projects embracing an ethical and environmentally sustainable approach.

 

 

Source:
Vertex Minerals Limited

News Provided by ABN Newswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×