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Prize Mining Corp.
Summary
| Project: | Manto Negro | |
|---|---|---|
| Deposit: | Manto Negro | |
| Location: | Mexico | |
| Commodities: | Copper-Silver-Zinc-Lead | |
| Date: | 11/14/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-11-2018: Prize Mining Corp. announces an Exploration/Drilling Update report for its Manto Negro deposit at the Manto Negro project. Drilling results incl. 4.40m @ 1.02% Cu, 28g/t Ag from 51.25m. CALGARY, Nov. 14, 2018 /CNW/ - PRIZE MINING CORPORATION ( | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Robert Turner (Internal) | |
| ABSTRACT: | CALGARY, Nov. 14, 2018 /CNW/ - PRIZE MINING CORPORATION ("Prize" or the "Company") (TSXV:PRZ) (OTCQB:PRZFF) (MQSP:GR:FRANKFURT) is pleased to announce that the first four drill holes at the Manto Negro Copper Project in Coahuila State, Mexico have returned consistent widths and grades of copper-silver mineralization. In addition, continued surface channel sampling has extended the potential strike length of the mineralized horizon in the Pilar Grande area to more than four kilometres. "The first holes at Manto Negro are giving us a good sense of the style and continuity of coppersilver mineralization", stated Michael McPhie, President & CEO of Prize Mining. "Unlike porphyry copper deposits that have a strong vertical component, the stratabound nature of the deposits at Manto Negro gives them a tremendous lateral extent. The two areas being drilled are 18 kilometres apart and, at the Pilar Grande area, we can now trace the mineralization intermittently for about four kilometres. The grades and thicknesses we are seeing are consistent with those from the world class Kupferschiefer deposits in Europe." The first two holes from each of the El Granizo and Pilar Grande Mine areas intersected the target zone as anticipated, with consistent thicknesses of 3.40 – 4.40m and relatively consistent grades. Mineralization consists predominantly of disseminated chalcocite with minor chalcopyrite, and some secondary copper minerals such as malachite and chrysocolla. Drilling continues with three rigs at the two sites, with 15 holes planned for each area. | |
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