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Colorado Resources Ltd.
Summary
| Project: | Castle | |
|---|---|---|
| Deposit: | Castle East | |
| Location: | Canada | |
| Commodities: | Copper-Gold-Silver-Molybdenum | |
| Date: | 12/9/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 9-12-2019: Colorado Resources Ltd. announces an Exploration/Drilling Update report for its Castle East deposit at the Castle project. Drilling results incl. 242.8m @ 0.07% Cu, 0.03g/t Au, 0.4g/t Ag, 20ppm Mo from 129.0m. VANCOUVER, Dec. 9, 2019 /CNW/ - Co | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Michael Cathro (Internal) | |
| ABSTRACT: | VANCOUVER, Dec. 9, 2019 /CNW/ - Colorado Resources Ltd. (TSX.V: CXO) ("Colorado", or the "Company") is pleased to announce assay results for the first four holes ever drilled at the Castle East porphyry copper-gold-molybednum (Cu-Au-Mo) target, as well as surface sampling and geophysical results from several other exciting new prospects on the greater Castle property. The 192.7 km2 Castle Property is located in the Red Chris mining district of the Golden Triangle of northwestern British Columbia. It adjoins the Tatogga property of GT Gold Corp., which hosts the new Saddle North Cu-Au and Saddle South Au-Ag deposits. Company CEO Joseph Mullin stated: "We are very pleased with our progress at Castle. While we started late in the season, our fall 2019 exploration work has been successful in identifying several exciting new porphyry and vein targets that we look forward to following up next year." Company Director Michael Cathro, P.Geo. also commented: "Our 2019 drilling program demonstrates the existence of a porphyry copper-gold-moly system at Castle East. In addition, field surveys defined several other excellent porphyry and precious-metal-enriched polymetallic vein targets for future follow-up. The Castle East porphyry target has never been drilled before, and we believe the monzodiorite host rocks, style of alteration, geochemistry and high sulphide content tells us we are in the "pyrite shell" or "phyllic cap" of a robust porphyry system, which appears to be getting hotter and stronger to depth and to the west of the area drilled." | |
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