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Colorado Resources Ltd.
Summary
| Project: | North ROK | |
|---|---|---|
| Deposit: | Mabon Zone | |
| Location: | Canada | |
| Commodities: | Gold-Copper | |
| Date: | 1/18/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-1-2018: Colorado Resources Ltd. announces an Exploration/Drilling Update report for its Mabon Zone deposit at the North ROK project. Drilling results incl. 187.9m @ 0.41g/t Au, 0.32% Cu from 443.8m. COLORADO RESOURCES LTD. (TSX-V: CXO) ("Colorado" or t | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Jim Oliver (Internal) | |
| ABSTRACT: | COLORADO RESOURCES LTD. (TSX-V: CXO) ("Colorado" or the "Company") is pleased to report the results of its 2,529.4m six drillhole program on the Mabon Zone at its 100% owned North ROK Project. North ROK is located between Imperial Metals Red Chris Mine¹ and the village of Iskut in northwestern British Columbia. The diamond drilling program was completed in late November (see news release dated November 21, 2017) and was primarily targeting mineralization at depth and to the west of the known 2014 Inferred Resource² (see Figure 1). Porphyry copper–gold style mineralization at the Mabon Zone has been outlined by Colorado between 2013- 2017 over apparent widths of up to 200m, along strike for a minimum of 600m and down to a depth of 500m. Mineralization is primarily hosted within the northwesterly trending Mabon intrusive stock and may also be noted in the enclosing volcanic and sedimentary rocks. The Mabon Zone is the only area of 7 porphyry copper-gold targets, within a 3.0 x 9.0km northwesterly trending prospective corridor, that has seen any substantial drilling (see news release dated November 21, 2017). Adam Travis, President and CEO of Colorado Resources states: “The 2017 drillholes at North ROK principally targeted areas outside of the 2014 North ROK Inferred Resource² and were successful in returning significant copper-gold intersections on broadly based step outs beyond the limits of this resource. | |
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