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Copperbank Resources Corp.
Summary
| Project: | Pyramid | |
|---|---|---|
| Deposit: | Main Zone, North Zone | |
| Location: | United States | |
| Commodities: | Copper-Molybdenum-Gold-Silver | |
| Date: | 10/4/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 4-10-2017: Copperbank Resources Corp. announces an Exploration/Drilling Update report for its Main Zone, North Zone deposit at the Pyramid project. Drilling results incl. 201m @ 0.48% Cu, 0.021% Mo, 0.1g/t Au from 333m. Vancouver, Canada - October 4, 2017 | |
| Resources: | (historic estimate only) | |
| CP/QP: | [Overall Report]: Brigitte Dejou (Not stated) | |
| ABSTRACT: | Vancouver, Canada - October 4, 2017 - CopperBank Resources Corp. (“CopperBank” or the “Company”) (CSE:CBK) is pleased to present the initial results of its summer diamond drilling program on its 100% controlled Pyramid copper deposit, located on the Alaskan Peninsula. The results returning from hole 17PY032 had 3 significant near-surface intervals totaling more than 290 metres at grades higher than 0.33% Copper, demonstrating Pyramid’s potential for expansion. The 2017 drilling program was designed to chase the extensions of the mineralization within the various zones composing the deposit, establish the connections between the three mineralized zones and to validate the existing block model established by the previous operators. Thirteen holestotalling 3628 metres of NQ size core were completed over eight weeks from July 29 to September 3. All the holes intersected hornfelsed siltstone and/or felsic to intermediate porphyritic intrusions with variable amounts of mineralization. The first two holes of the campaign, 17PY031 and 17PY032, reached the goal of verifying the mineralization extension. The Pyramid project is situated on private property with the subsurface controlled by The Aleut Corporation, an Alaska Native-owned corporation. Pyramid is a porphyry copper deposit containing a historical inferred mineral resource estimate of 122 million tonnes of 0.41% copper, 0.02% molybdenum, and 0.10 g/t gold (SRK, 2013) divided in three main recognized zones: Main, North and West. The mineralization is related to a multi-phased calk-alkaline intrusion, intruding sediments of Tertiary Age. | |
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