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PowerOre Inc.
Summary
| Project: | Opemiska | |
|---|---|---|
| Deposit: | Opemiska | |
| Location: | Canada | |
| Commodities: | Copper-Gold | |
| Date: | 2/4/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 4-2-2019: PowerOre Inc. announces an Exploration/Drilling Update report for its Opemiska deposit at the Opemiska project. Old drillholes, new assay results incl. 81.0m @ 0.86% Cu, 0.19g/t Au, 2.98g/t Ag. "This development is important as Power Ore looks t | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Charles Beaudry (Internal) | |
| ABSTRACT: | "This development is important as Power Ore looks to delineate an open pit and convert as much rock as possible into what may be minable material. The high-grade veins at Opemiska are clear, but this exercise further demonstrates disseminated mineralization within the wall rock as well as in areas where step out drilling was completed. As one example of this, the holes that we compared below show that Falconbridge was assaying very small portions of their intersections and were only looking at the high-grade veins. Specifically, Falconbridge's Hole S26 only had a single assay while its twinned Hole OP-2015-01, which returned 1.02% CuEq of 81 metres, shows a strong correlation but also shows that mineralization throughout the entire intersection. This mineralization was likely ignored by Falconbridge, who focused on mining ore which was often 5% copper. We are a data-driven group and have been meticulously analyzing the abundance of data on Opemiska. This is an excellent example of uncovering significant upside and new targets through data analysis," said Stephen Stewart, CEO of Power Ore. Technical Analysis of Twinned Hole OP-2015-01 vs Hole S26 Hole OP-2015-01 was twinned with historical surface hole S26 that was drilled by the Falconbridge Copper when the mine was operating. Falconbridge's hole S26 intersected the #2 vein in the crown pillar where a single 2-foot sample (0.61 metres) returned 5.28% copper and 1.37 gpt gold. However, this is the only assayed interval in the hole; elsewhere there are a few visual estimates of grade but no assays. The twinned hole OP-2015-01, drilled within 3.0 metres of the observed collar of hole S26, intersected the same lithologies and the same vein at approximately the same depth. The hole OP-2015-01 was assayed in its entirety and returned an 81.0 metre interval assaying 1.02% copper equivalent, with 0.86% copper, 0.19 gpt gold and 2.98 gpt silver over 81.0 metres. Figure 1 is a comparative histogram of copper grade for the holes S26 and OP-2015-01. Figure 2 is a box plot illustrating that very small percentages of the original drill holes were assayed. This was to be expected as the mine was focused on the highgrade veins being mined from underground. | |
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