The Gold Report
Notable Quotes
"ICG has closed a CA$2.5M flow-through placement." (12/24/15) Integra Gold Corp. - Thibaut Lepouttre, Caesars Report More >
"The exploration upside at MAG's Juanicipio project is substantial." (12/23/15) MAG Silver Corp. - Gwen Preston, Resource Maven More >
"AKG's management continues to deliver on its development milestones." (12/22/15) Asanko Gold Inc. - Nana Sangmuah, Clarus Securities More >
"We are initiating coverage on KDX with a Buy rating." (12/21/15) Klondex Mines Ltd. - Don Blyth, Paradigm Capital More >
"VIT's Eagle is a shovel-ready, fully permitted, prefinanced gold project." (12/17/15) Victoria Gold Corp. - Tom Hayes, Edison Investment Research More >
Copper Mountain: Assay Results from 5 Diamond Core Holes
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STEFAN IOANNOU, Haywood Securities
(01/13/2011)
"Copper Mountain released assay results from 5 diamond core holes drilled at the company's 75%-owned Copper Mountain project in BC. Two of the holes targeted mineralization beneath the Pit 3 area where drilling in 2008 returned 292m grading 0.55% Cu and 0.14 g/t gold, including 98m grading 1.31% Cu and 0.34 g/t gold in hole 08P3-08 (note Copper Mountain's current reserve grades 0.36% copper). This intercept occurs ~150m below the bottom of Copper Mountain's planned super pit and passes though the upper part of a large deep-seated Titan-24 chargeability geophysical anomaly. Recently drilled hole 10P3-61 targeted the lower part of this chargeability anomaly. The hole intersected 94m grading 0.72% Cu and 0.11 g/t gold ~80m below historical underground workings and immediately below Copper Mountain's planned super pit. The company believes this recent high-grade intersection is correlative with the 98m high-grade interval in hole 08P3-08, which is located ~130m below and 180m to the north of the intercept in hole 10P3-61. . .more drilling is required to understand the relationship between geology, mineralization and the lower part of Copper Mountain's large chargeability anomaly at depth. In addition, recent drilling in Copper Mountain's Saddle zone, a ridge separating Pit 2 from Pits 1 and 3, intersected 22m grading 0.90% Cu and 0.39 g/t gold in hole 10SD-60 and 93m grading 0.45% Cu and 0.13 g/t gold in hole 10SD-61 within an area currently classified as 'waste' in Copper Mountain's mine plan. Hence, exploration drilling at the project continues to identify additional mineralization that will conceivably lead to a resource expansion(s)¬ ultimately driving Copper Mountain's planned super pit deeper. Twelve additional holes have been drilled with assays pending. We look to exploration-related news flow as near-term catalyst(s) ahead of production startup targeted in Q211." |
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