Mr. Peter Holbek reports
DRILLING BELOW PIT 3 INTERSECTS 94M GRADING 0.72% CU, 2.77G/T AG AND 0.11G/T AU.
Copper Mountain Mining Corp. is providing assay results from five diamond
drill holes completed below Pit 3 and in the Saddle zone of the Copper
Mountain project. Two deep holes (1,000 metres) were completed below the Pit 3 area and three holes are in the Saddle zone. An additional 12 holes have been drilled from the Saddle zone, of
which six are deep, targeting geophysical anomalies and depth
extensions to mineralization below the planned superpit. Splitting and
assaying of this drill core are continuing.
Pit 3 area
Deep drilling below Pit 3 was designed to follow up on the 2008 drill
results in hole 08P3-08 which intersected 292 metres grading 0.55 per cent Cu,
2.23 grams per tonne Ag and 0.14 g/t Au, an interval which was made up of a number of
higher-grade intervals including 98 m grading 1.31 per cent Cu, 5.53 g/t Ag and
0.34 g/t Au. The 08P3-08 intersection occurs approximately 150 metres below
the bottom of the planned superpit, and passed through the upper part
of a large, deep-seated Titan-24 chargeability anomaly.
Drill hole 10P3-60 was recently drilled from a collar just to the south
of the 08P3-08 collar with a slightly steeper dip and angled in a more
southerly direction, resulting in subparallel hole to 08P3-08 but 120 metres
deeper and 100 metres farther to the south. Mineralized zones within 10P3-60
(see table) correlated well with those in 08P3-08 but were of
lower grades and narrower widths. Drill hole 10P3-61 was drilled from
the west side of Pit 3 to form a scissor section with 10P3-60 and test
the lower part of the deep chargeability anomaly. 10P3-61 intersected 94.0 m grading 0.72 per cent Cu, 2.77 g/t Ag and 0.11 g/t
Au, approximately 80 m below the historical underground workings and
immediately below the currently designed superpit. This high-grade
intersection is likely part of the same zone that hosts the 98 m of
1.31 per cent Cu in 08P3-08, which is situated approximately 130 m deeper and
180 m farther to the north. Drill core between 459 m and 1,011 m in hole
10P3-61 did not encounter significant mineralization and more drilling
will be required to understand the relationship between geology,
mineralization and geophysical results in the large (700-metre-long by 400-metre-wide by 400-metre-deep) chargeability anomaly that underlies the Pit 3 area.
SIGNIFICANT DRILL INTERSECTIONS, PIT 3 AREA
Hole ID From (m) To (m) Interval (m) Cu % Ag g/t Au g/t
10P3-60 334 352 18.0 0.25 1.02 0.01
10P3-60 379 401 22.0 0.40 1.03 0.03
10P3-60 860 881 21.0 0.37 1.90 0.27
10P3-60 940 952 12.0 0.98 6.83 0.49
10P3-60 1013 1040 27.0 0.26 1.31 0.34
10P3-61 365 459 94.0 0.72 2.77 0.11
Saddle zone
The Saddle zone is the ridge separating Pit 2 from Pit 1 and Pit 3. Current
drilling targeted the part of the Saddle zone between Pit 2 and Pit 1 that
is not included in the current mine plan because of insufficient drill
information. Drill holes 10SD-60 and 10SD-61 intersected mineralization
(see table) within an area classified as waste and consequently
excluded from the mine plan. Delineation of ore within this area of the
Saddle zone, and inclusion into the mine plan, provides additional
resources and has the potential to facilitate deepening of the superpit. Drill hole 10SD-62 returned a near-surface intersection that
will upgrade the reserves within the current mine plan area. Continued
successful drilling on the property will result in incremental
improvements to the current mine plan and/or increased mine life.
SIGNIFICANT DRILL INTERSECTIONS, SADDLE ZONE
Hole ID From (m) To (m) Interval (m) Cu % Ag g/t Au g/t
10SD-60 63.0 81.0 18.0 0.24 0.58 0.05
10SD-60 191.6 214.0 22.4 0.90 2.65 0.39
10SD-61 69.0 162.3 93.3 0.45 1.10 0.13
10SD-62 7.0 25.4 18.4 0.4 0.96 0.26
The mineralized system at Copper Mountain is classified as a
bulk-tonnage, alkalic porphyry copper deposit that is hosted within
Nicola Group volcanic rocks. Mineralization is structurally controlled
and focused at multidirectional vein intersections and within vein
stockwork systems. Drill holes are usually drilled at angles of minus-45 or
minus-55 degrees to provide the best indication of the lateral extents of
vertically oriented mineralization.
Quality assurance
The company employs a system of quality control for drill results which
includes the use of blanks, certified reference material (standards)
and check assaying. Core is logged on site and split with a diamond
saw. Samples are shipped to Pioneer Laboratories for analysis. The
drilling program is being supervised by Peter Holbek, MSc, PGeo, a
qualified person as defined by National Policy Instrument 43-101.
We seek Safe Harbor.
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