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Colorado Resources Ltd.
Summary
| Project: | KSP Property | |
|---|---|---|
| Deposit: | Tami | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Zinc | |
| Date: | 11/16/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-11-2018: Colorado Resources Ltd. announces an Exploration/Drilling Update report for its Tami deposit at the KSP Property project. Drilling results incl. 45m @ 0.80g/t Au, 0.22% Cu from 29.0m. VANCOUVER, British Columbia, Nov. 16, 2018 -- Colorado Reso | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Bill Yeomans (Internal) | |
| ABSTRACT: | VANCOUVER, British Columbia, Nov. 16, 2018 -- Colorado Resources Ltd. (“Colorado” or the “Company”) (TSXV – CXO) is pleased to announce completion of the 2018 drilling program at its KSP property, located in British Columbia’s prolific Golden Triangle region (see news release dated June 6, 2018). A total of 7,693 meters (“m”) of diamond drilling were completed testing four target areas; Tami, A-J, Pins Bowl and Inel, (Map 1). Results from 2,121 m of the program drilled at Inel were reported in a news release dated September 14, 2018. TAMI A total of 4,115 m of diamond drilling in 18 holes was completed at Tami (Map 2 and Table 1, below) to follow up on results from the 2017 discovery program which delineated contiguous copper-gold mineralization over 400 metres strike associated with a large high tenor copper gold soil anomaly. Significant results from 2017 included drill holes TMDDH17-115 returning 40 m grading 1.74 g/t Au with 0.24% Cu, TMDDH17-118 returning 114.6 m grading 0.69 g/t Au with 0.17% Cu (including 39 m grading 1.11 g/t Au with 0.18% Cu), and, TMDDH17-120 returning 38 m grading 1.00 g/t Au with 0.11% Cu. Highlights from 2018 include drill hole TMDDH18-145, a step-back drilled 100m to the SW of hole TMDDH17-115, which contained 45 m grading 0.80 g/t Au with 0.22% Cu, extending mineralization down-dip where it remains open along the strike length of the Tami zone. 2018 drilling also tested along trend on the Cu-Au soil anomaly, more than doubling strike length of the hosting structural corridor with a 400m step out to the east and 50m step out to the west. Mineralization remains open in all directions. | |
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