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Colorado Resources Ltd.
Summary
| Project: | KSP Property | |
|---|---|---|
| Deposit: | Tami, Inel | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Zinc | |
| Date: | 12/6/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-12-2017: Colorado Resources Ltd. announces an Exploration/Drilling Update report for its Tami, Inel deposit at the KSP Property project. Drilling results incl. 40m @ 1.74g/t Au, 0.24% Cu from 5m. COLORADO RESOURCES LTD. (TSX-V: CXO) ("Colorado" or the " | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jim Oliver (Internal) | |
| ABSTRACT: | COLORADO RESOURCES LTD. (TSX-V: CXO) ("Colorado" or the "Company") reports on the remaining 24 drillholes from the 2017 exploration drilling program on its 100% owned KSP Property. Colorado completed 68 drillholes at KSP in 2017 for a total of 11,824m of NQ diamond drill core. The 2017 drill program tested multiple target areas within the Inel-Khyber zone and additionally tested the Tami zone with 11 drillholes. The locations of these 2017 drillholes are illustrated on Figures 1 and 2 with a summary of the new results in Tami and Inel-Khyber as follows A total of 11 drillholes were collared, with one drillhole abandoned, in the Tami area, located 5km to the southeast of Inel-Khyber (see Figure 1 and Table 1). At Tami, gold-copper mineralization is associated with one or more, often magnetite bearing intrusions, which cut intensely quartz-sericite-chlorite and pyrite altered, fine grained volcanoclastic and sedimentary rocks. Tami has a strong east-west structural grain which is reflected in the east-west orientation of soil geochemical, magnetitic anomalies and deformation zones. Drillhole coordinates with dip-azimuths and total length of all Tami drillholes are compiled in Appendix I. The data suggest that a thick, well mineralized, east-west striking volume of rock with a strike length exceeding 350m is open to the east, where it encounters an internal property boundary approximately 400m to the east of the collar of TMDDH17-121. The strong gold-copper intersections obtained from the westernmost drillholes TMDDH17–114 and TMDDH17-115 also suggest the system is open to the west | |
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