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Copper Mountain Mining Corp.
Summary
| Project: | Copper Mountain Mine | |
|---|---|---|
| Deposit: | New Ingerbelle | |
| Location: | Canada | |
| Commodities: | Copper-Silver-Gold | |
| Date: | 2/1/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 1-2-2018: Copper Mountain Mining Corp. announces an Exploration/Drilling Update report for its New Ingerbelle deposit at the Copper Mountain Mine project. Drilling results incl. 155.4m @ 0.30% Cu, 0.24g/t Au, 0.48g/t Ag from 386.2m. Vancouver, British Col | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Peter Holbek (Not stated) | |
| ABSTRACT: | Vancouver, British Columbia – February 1, 2018 – Copper Mountain Mining Corporation (TSX: CMMC) (the “Company” or “Copper Mountain”) is pleased to announce all results from its drilling program at the New Ingerbelle deposit at the Copper Mountain mine. Drill hole locations were designed so as to intersect the historically defined mineralization in an evenly distributed pattern to the extent that topography, and water or backfilled areas, would allow (see attached map and section). Historical drill data in the Ingerbelle deposit consisted of 582 drill-holes totalling 80,500m, approximately half of which are below the previously mined area. The 35 significant drill intersections from the current program, as tabulated below, have an average Cu Eq grade of 0.48% ( 0.34% Cu, 0.70g/t Ag and 0.22g/tAu). The Ingerbelle resource, estimated from the historical data (inferred) that is within a whittle pit shell, generated using a US$2.75 copper price and current mine costs, contains 104Mt grading 0.42% Cu Eq. (0.30% Cu and 0.20g/t Au) based on a 0.2% copper cut-off grade. A revised resource estimate, using both historical and new drill data, will be completed in the near future. Additional drill programs and engineering studies will be designed to upgrade resources to reserve status and targeted to define sufficient reserves that could contribute an additional 10 years of production to Copper Mountain’s life-of-mine plan. | |
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