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Copper Mountain Mining Corp.
Summary
| Project: | Copper Mountain Mine | |
|---|---|---|
| Deposit: | New Ingerbelle | |
| Location: | Canada | |
| Commodities: | Copper-Silver-Gold | |
| Date: | 8/14/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 14-8-2018: Copper Mountain Mining Corp. announces an Exploration/Drilling Update report for its New Ingerbelle deposit at the Copper Mountain Mine project. Drilling results incl. 177m @ 0.33% Cu, 0.2g/t Au, 0.45g/t Ag from 96.0m. Vancouver, British Columb | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Peter Holbek (Internal) | |
| ABSTRACT: | Vancouver, British Columbia – August 14, 2018 – Copper Mountain Mining Corporation (TSX: CMMC | ASX:C6C) (the “Company” or “Copper Mountain”) is pleased to announce additional drill results from Phase 2 of its 3-Phase drilling program at the New Ingerbelle property nearby the present operations of the Copper Mountain Mine (See Appendix A for New Ingerbelle location map). Gil Clausen, Copper Mountain’s President and CEO stated, “The drill results from our exploration program at New Ingerbelle continue to reaffirm our belief in its ability to grow in quality and size. New Ingerbelle resource development fits perfectly into our project pipeline of organic growth opportunities. We believe New Ingerbelle will grow in significance as a development project for the Company and fit nicely with our Eva Project and other organic development opportunities in Australia. “ New Ingerbelle continues to demonstrate considerable upside as Phase 2 drilling progresses. Copper Mountain initiated a 3-Phase drilling program at the New Ingerbelle Mine last year with Phase 1, which was successful in validating and confirming historical data, allowing a revised Mineral Resource estimate using both historical and new drill data and confirmed the significant gold mineralization at New Ingerbelle (see February 1, 2018 press release). Phase 2 looks to expand the New Ingerbelle resource area and to convert Inferred Mineral Resources to the Measured and Indicated status. A total of 30 holes are planned, of which 15 have been reported to date. Complete drill results from this program followed by an updated Mineral Resource estimate is planned in Q3 2018. The Company’s objective under the 3-phase program at New Ingerbelle is to outline sufficient resources to form the basis of a Feasibility Study on the development potential of this historic producing mine. | |
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