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Cavu Energy Metals Corp
Symbol CAVU
Shares Issued 30,098,834
Close 2022-07-08 C$ 0.20
Market Cap C$ 6,019,767
Recent Sedar Documents

Cavu Energy drills 15.27 m of 2.8% CuEq at Hopper

2022-07-11 09:26 ET - News Release

Dr. Jaap Verbaas reports

CAVU ENERGY METALS REPORTS 15.27M AT 2.80% CUEQ FROM 62.23M AT THE HOPPER COPPER-GOLD PORPHYRY/SKARN PROJECT IN YUKON

Cavu Energy Metals Corp. has released results of the first four diamond drill holes from its exploration program on the Hopper porphyry/skarn copper-gold project in southern Yukon. The Hopper project is located in the traditional territory of the Champagne and Aishihik first nations.

Highlights:

  • HOP22-DDH-03 returned 15.27 metres at 2.8 per cent copper equivalent from 62.23 m, the best high-grade intersect ever drilled in the Copper Castle skarn zone, extending high-grade mineralization in horizon No. 1 to the north by 50 metres.
  • HOP22-DDH-02 returned 16.52 m at 1.27 per cent CuEq from 107.02 m, the longest intercept grading over 1 per cent CuEq obtained to date from horizon No. 2 of the Copper Castle zone.
  • High-grade mineralization in horizon No. 1 is now known to occur over 300 m north-south and 200 m east-west, and remains open to the north and south by several hundred metres.

"These holes, especially HOP22-DDH-03, returned excellent grades," stated Dr. Jaap Verbaas, chief executive officer of Cavu. "The holes prove again that mineralization occurs over a large area and that the skarn horizons, at different depths, contain high-grade mineralization. The new intersect in hole HOP22-DDH-03 is 100 m north of the previously encountered best intercept on the project and shows the potential for expanding this high-grade horizon to the north and west. Copper Castle remains open further to the south, beyond the holes drilled by Cavu in 2021. Past drill programs have intersected copper, gold and silver mineralization in deeper horizons up to 950 m northwest of hole HOP22-DDH-03, highlighting the extent of this system."

Full assay results of HOP22-DDH-01, 01B, 02 and 03

Hole HOP22-DDH-01 was collared on the eastern edge of a geophysical electromagnetic anomaly that is associated with massive magnetite and copper-iron sulphides in the skarn. The hole intercepted a single skarn horizon that yielded 0.731 per cent copper, 1.37 grams per tonne gold and 5.5 grams per tonne silver over 91 centimetres from 69.5 m before it had to be abandoned at 104 m due to ground conditions. Hole HOP22-DDH-01B was collared from the same pad as HOP22-DDH-01 and drilled at a steeper grade. The hole intercepted eight skarn horizons ranging from one m to 6.99 m thick and grading up to 1.59 per cent CuEq.

Hole HOP22-DDH-02 intersected 16.52 m at 1.27 per cent CuEq from 107.02 m in what is modelled as skarn horizon No. 2. This is the first time that horizon No. 2 intersected meaningful grades of copper over a significant intercept and indicates the potential for this horizon to also host significant mineralization. The hole was collared in between two 2011 drill holes to test the continuity of high-grade horizon No. 1 around 70 m depth. Horizon No. 1 was not intercepted because an unmineralized intrusive dike was cut where the prospective skarn horizon was expected.

Hole HOP22-DDH-03 intersected the richest part of skarn horizon No. 1 drilled to date, grading 15.27 m at 2.8 per cent CuEq, and is the northernmost hole drilled into the centre of the targeted geophysical anomaly. It was collared 50 m west of HOP22-DDH-01. The results of HOP22-DDH-01 and HOP22-DDH-03 together indicate the skarn system exhibits metal zonation and the copper content increases from east to west. These holes imply the eastern extent of the shallowest, high-grade, copper-bearing skarn has been reached and also show that there are more horizons at depth, as indicated by 1.59 per cent CuEq over 3.95 m from 182.37 m in HOP22-DDH-01B. The company used high-power UV core photography this season to photograph all historical core to assist with vectoring toward these higher-grade, deeper horizons.

Data verification

Drill core was halved on site. One half of the drill core remains on site in a core storage facility. The other half of the core was bagged and security tagged before it was sent to ALS for multielement chemical analysis and assay. Upon receipt of the analytical results, Cavu's quality assurance/quality control protocols flag any batches of results that may not meet standards for disclosure, and any batches that do not pass these quality assurance/quality control protocols are then sent back to the laboratory for reassay. All assays reported herein passed ALS and Cavu quality assurance/quality control protocols.

Qualified person statement

Technical information in this news release has been approved by Heather Burrell, PGeo, a senior geologist with Archer, Cathro & Associates (1981) Ltd., a qualified person for the company as defined in National Instrument 43-101.

About Cavu Energy Metals Corp.

Cavu Energy Metals is a mining company engaged in the acquisition, exploration and development of mineral projects containing metals used in green technologies and the renewable-energy sector. The company is currently focused on exploration at its Hopper copper-gold project in Yukon and the recently acquired Star copper-gold porphyry project in British Columbia.

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