11:10:13 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Carube Copper Corp
Symbol CUC
Shares Issued 109,503,475
Close 2017-09-19 C$ 0.07
Market Cap C$ 7,665,243
Recent Sedar Documents

Carube Copper finishes drill program at Bellas Gate

2017-09-19 11:31 ET - News Release

Mr. Jeff Ackert reports

CARUBE COPPER PROVIDES JAMAICA EXPLORATION UPDATE

Carube Copper Corp. has completed a drill program on its 100-per-cent-owned Bellas Gate copper-gold project in Jamaica. The 1,900-metre program focused on the Provost, Hendley and Provost Southeast targets. The drilling in Jamaica was unaffected by hurricane Irma which passed through the Caribbean and Florida last week, well north of Jamaica. Assay results from the drilling program are expected to be available in early October. The field program in Jamaica is continuing with drill target generation at the Main Ridge project and reconnaissance level mapping and sampling at the remaining five 100-per-cent-owned project areas. Follow-up drilling at Bellas Gate will be planned once all results have been received.

"Our drilling program in Jamaica went well and was unaffected by Hurricane Irma which tracked more than 300 kilometres to the north of our project. We were quite pleased to see copper mineralization in all holes drilled during this campaign and we look forward to receiving the assay results in early October," said Jeff Ackert, president and chief executive officer of Carube Copper

A total of 1,895.8 metres of drilling were completed in seven holes. Three holes were completed at the Provost target. A fourth hole at Provost was abandoned after it encountered poor ground in a fault zone at shallow depth. Two holes provided an initial test of the Provost Southeast target and one hole tested an induced polarization anomaly on the Hendley prospect.

The intervals do not necessarily indicate true width of mineralization as its geometry is not known. Copper equivalents are calculated using prices of $3 (U.S.)/pound copper and a $1,200 (U.S.) per ounce gold assuming unlimited internal dilution and 100-per-cent recovery of both metals.

Sample preparation, analysis and quality control

For a description of these items as pertaining to drill core and soil samples please see disclosure on Carube Copper's website. Carube Copper and Activation Laboratories all have robust sample security and quality control programs in place for samples collected in Jamaica.

Results for the first hole drilled this year on the Provost target area and PVT-17-004 were announced on July 5 and returned 340.1 metres of 0.25 per cent copper equivalent (0.20 per cent copper, 0.09 gram per tonne gold) which included 55.3 m of 0.51 per cent CuEq (0.35 per cent Cu, 0.27 g/t Au) and 14.0 m of 1.04 per cent CuEq (0.62 per cent Cu, 0.71 g/t Au). The remaining results are expected to be available in October.

Qualified person statement

This press release has been reviewed and approved by Shannon Baird, MSc, exploration manager for Carube Copper, in his capacity as a qualified person as defined under National Instrument 43-101.

About Carube Copper Corp.

Carube Copper is a Canadian exploration company focused on the exploration and development of copper and gold projects in Jamaica and Canada. In Jamaica, Carube Copper holds a 100-per-cent interest in 11 licences, totalling 535 square kilometres. In Canada, it holds a 100-per-cent interest in three porphyry copper-gold-molybdenum properties, totalling 469 square kilometres within the Tertiary-aged Cascade Magmatic Arc in southwestern British Columbia. Exploration continues on these properties with the goal of joint venturing them to larger exploration and mining companies.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.