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Copper Mountain Mining Corp.
Summary
| Project: | Copper Mountain Mine | |
|---|---|---|
| Deposit: | New Ingerbelle | |
| Location: | Canada | |
| Commodities: | Copper-Silver-Gold | |
| Date: | 7/23/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 23-7-2018: Copper Mountain Mining Corp. announces an Exploration/Drilling Update report for its New Ingerbelle deposit at the Copper Mountain Mine project. Drilling results incl. 105m @ 0.71% Cu, 0.47g/t Au, 0.87g/t Ag from 132.0m. Vancouver, British Colu | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Peter Holbek (Internal) | |
| ABSTRACT: | Vancouver, British Columbia – July 23, 2018 – Copper Mountain Mining Corporation (TSX: CMMC | ASX:C6C) (the “Company” or “Copper Mountain”) is pleased to announce initial drill results from Phase 2 of its 3-Phase drilling program at the New Ingerbelle property nearby the present operations of Copper Mountain Mine (See Appendix A for New Ingerbelle location map) Gil Clausen, Copper Mountain’s President and CEO stated, “These early phase 2 drill results are very encouraging, and we believe demonstrate that New Ingerbelle will continue to grow in quality and size. We see New Ingerbelle as having transformative potential for our operations in B.C. providing further growth opportunity for the Company.” New Ingerbelle provides considerable upside as the Company has never reported any New Ingerbelle Mineral Reserves. Copper Mountain initiated a 3-Phase drilling program at the New Ingerbelle Mine last year with Phase 1. The Phase 1 program, which consisted of 22 drill holes, was successful in validating and confirming historical data, thus allowing a revised Mineral Resource estimate using both historical and new drill data. The program also confirmed the significant gold mineralization at New Ingerbelle (see February 1, 2018 press release). The objectives of this Phase 2 drilling program are to continue 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. Complete drill results from this program followed by an updated Mineral Resource estimate is planned in Q3 2018. | |
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