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Copperbank Resources Corp.
Summary
| Project: | Pyramid | |
|---|---|---|
| Deposit: | Main Zone, West Zone | |
| Location: | United States | |
| Commodities: | Copper-Molybdenum-Gold | |
| Date: | 11/14/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-11-2017: Copperbank Resources Corp. announces an Exploration/Drilling Update report for its Main Zone, West Zone deposit at the Pyramid project. Drilling results incl. 324.3m @ 0.31% Cu, 0.02% Mo, 0.12g/t Au from 7.3m. Vancouver, Canada – November 14, | |
| Resources: | (historic estimate only) | |
| CP/QP: | [Overall Report]: Brigitte Dejou (Not stated) | |
| ABSTRACT: | Vancouver, Canada – November 14, 2017 - CopperBank Resources Corp. (“CopperBank” or the “Company”) (CSE:CBK) is pleased to report results for the last seven holes from its thirteen diamond drill hole (DDH) summer 2017 program on its 100% controlled Pyramid Copper Project (“Pyramid”) located on the Alaskan Peninsula. Results from the 2017 drill program will enable the Company to produce an updated resource estimate in the upcoming months. Highlights from the final seven drill holes include DDH 17PY037 which is entirely outside the historical resource envelope and was mineralized from 7.3 meters over its entire length. Furthermore, mineralization found in DDH 17PY039, 17PY041 and previously drilled hole 12PY021 assists in linking the Main Zone to the West Zone. Consolidated results of the entire 2017 campaign are listed in the following table. The 2017 drilling program, comprising 3,690 metersin thirteen diamond drill holes, was designed to verify the extensions of known mineralization within the deposit and to validate the historical resource estimate (SRK, June 2013). Detailed maps and cross sections of all the drill holes can be found here. Previous diamond drill holes were reported in press releases dated October 4, 23 and 30, 2017. CopperBank Executive Chairman, Gianni Kovacevic, commented: “The 2017 drilling campaign at Pyramid has achieved its goal of confirming the presence of significant copper mineralization as well as identifying the extension of higher grade zones falling outside of the historical resource envelope. With these results now in hand, we expect an updated resource estimate to be completed in the coming months. The data acquired as part of this most recent drill program has significantly increased our understanding of the deposit and will additionally help define a follow-on work program at Pyramid in 2018.” | |
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