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Canyon Copper Corp.
Summary
| Project: | Bootleg Lake | |
|---|---|---|
| Deposit: | Bootleg Lake | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 5/14/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-5-2018: Canyon Copper Corp. announces an Exploration/Drilling Update report for its Bootleg Lake deposit at the Bootleg Lake project. Drilling results incl. 19m @ 2.09g/t Au from 213.0m. Vancouver, British Columbia, May 14, 2018, - Canyon Copper Corp. | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Stephen Wallace (Internal) | |
| ABSTRACT: | Vancouver, British Columbia, May 14, 2018, - Canyon Copper Corp. ("Canyon" or the “Company”) (TSX-V: CNC) is pleased to announce the drill results of the first two diamond drill holes completed on Canyon’s Bootleg Lake project, located near Creighton, Saskatchewan, Canada, five kilometres southwest of the city of Flin Flon, Manitoba. Drill holes BL-01 and BL-02 are the first two holes of the 1,446 metre, 4 diamond drill hole program completed on the Bootleg property during February and March 2018. These drill holes targeted the past producing Rio Gold Mine which is characterized as Mesothermal gold mineralization along the Rio Fault corridor, particularly in close proximity to the granodioritic Phantom Lake pluton immediately to the south. The drilling targeted the intersection of two sections of the NE-SW trending Rio fault corridor and the N-S trending Douglas Lake fault. The detailed results are below Stephen Wallace, President and CEO commented, “This is Canyon Copper’s first drill program at the Rio Mine. The results show good grades over mineable widths and the first step to determining a new mine. In addition, a wealth of technical data has been collected relating to the complex geological structures and intrusions that are part of the deposit.” Drill hole BL-01 was drilled at a 45-degree dip with a total length of 327m. This drill hole intersected two zones of gold mineralization. Zone1 is 4.0m from 180.0m to 184.0m downhole grading 5.24 g/t Au, including a higher-grade section from 181.0m to 181.5m grading 12.24 g/t Au. A second wider zone of 19.0m from 213.0m to 232.0m downhole graded 2.09 g/t Au including an 8.0m section from 216.0m to 224.0m grading 3.23 g/t Au. The zones of mineralization are characterized as a brecciated rhyolite with 1% to 10% pyrite. BL-02 was drilled from the same drill setup as BL-01, at 60 degrees dip with a total depth of 369m. There is evidence of faulting throughout most of this drill hole, plus granodiorite zones not seen in the first drill hole. This is a significant change from BL-01 given the proximately of the two drill holes. There is information from past work of granodiorite bodies within the Rio Mine and this appears to be related to this drill hole. | |
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