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Copper Mountain Mining Corp.
Summary
| Project: | Copper Mountain Mine | |
|---|---|---|
| Deposit: | New Ingerbelle | |
| Location: | Canada | |
| Commodities: | Copper-Silver-Gold | |
| Date: | 9/19/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 19-9-2018: Copper Mountain Mining Corp. announces an Exploration/Drilling Update report for its New Ingerbelle deposit at the Copper Mountain Mine project. Drilling results incl. 339.0m @ 0.27% Cu, 0.14g/t Au, 0.53g/t Ag from 31.0m. Vancouver, British Col | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Peter Holbek (Internal) | |
| ABSTRACT: | Vancouver, British Columbia – September 19, 2018 – Copper Mountain Mining Corporation (TSX: CMMC | ASX:C6C) (the “Company” or “Copper Mountain”) is pleased to announce that is has completed Phase 2 of its 3- Phase drilling program at the New Ingerbelle property, and results continue to be positive. New Ingerbelle is located adjacent to 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, “These drill results continue to demonstrate that New Ingerbelle has the potential to be of considerable size and significance to the Company. We have extended mineralization below prior resource limits, expanded it laterally and filled in the resource as planned. With the Phase 2 drilling program complete, we are now working on incorporating the results into an updated mineral resource for New Ingerbelle, which we expect to announce shortly. We believe New Ingerbelle will continue to increase in significance as a development project for the Company and will fit perfectly in our organic development pipeline of growth projects.” 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. Phase 2, which consists of 29 drill holes totalling approximately 10,000 metres, was designed to expand the New Ingerbelle resource area and convert Inferred Mineral Resources to the Measured and Indicated status. Having now completed the second phase, work is currently underway to update the Resource. The updated Resource estimate is planned to be announced before the end of the third quarter of 2018. Significant intercepts from the remaining 14 holes that have not yet been announced from the Phase 2 drill program, are summarized in the table below. A drill hole location map for the Phase 2 program and associated cross sections can be found in Appendix B, while a detailed listing of drill holes being reported can be found in Appendix C. | |
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