Copper Mountain completes Phase 2 drill program at New Ingerbelle with continued positive results
(PresseBox) - Copper Mountain Mining Corporation (TSX: CMMC | ASX:C6C) (the ?Company? or ?Copper Mountain? - http://www.commodity-tv.net/c/search_adv/?v=298551) is pleased to announce that is has completed Phase 2 of its 3-Phase drilling program at the New Ingerbelle property, and results continue to be positive.
Highlights from the remaining set of 14 drill holes of phase 2 include:
Hole 18IG-24 returning 188 metres of 0.55% CuEq (0.38% Cu, 0.45 g/t Ag, 0.25g/t Au) which includes 114 metres of 0.71% CuEq (0.49% Cu, 0.51 g/t Ag, 0.32 Au g/t)
Hole 18IG-26 returning 135 metres of 0.71% CuEq (0.49% Cu, 0.97g/t Ag, 0.32g/t Au)
Hole 18IG-18 returning 339 metres of 0.37% CuEq (0.27% Cu, 0.53g/t Ag, 0.14g/t Au)
Hole 18IG-27 returning 96 metres of 0.55% CuEq (0.39% Cu, 0.69g/t Ag, 0.23g/t Au), and
Hole 18IG-28 returning 54 metres of 0.58% CuEq (0.42% Cu, 0.80g/t Ag, 0.23g/t Au) and 90 metres of 0.62% CuEq (0.46% Cu, 0.57g/t Ag, 0.23g/t Au)
Gil Clausen, Copper Mountain?s President and CEO stated, ?These drill results continue to demonstrate that New Ingerbelle has the potential to be of considerable size and significance to the Company. We have significantly extended mineralization below prior resource limits, expanded it laterally and filled in the resource as planned.ll fit perfectly in our organic development pipeline of growth projects.?
Copper Mountain initiated a 3-Phase drilling program at the New Ingerbelle Mine last year with Phase 1, which was successful in validating and confirming historical data. Phase 2, which consists of 29 drill holes totalling approximately 10,000 metres, was designed to expand the New Ingerbelle resource area and convert Inferred Mineral Resources to the Measured and Indicated status. Having now completed the second phase, work is currently underway to update the Resource.program and associated cross sections can be found in Appendix B, while a detailed listing of drill holes being reported can be found in Appendix C.
Competent Persons Statement
The information in this report that relates to Exploration Targets, Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Peter Holbek, B.SC (Hons), M.Sc. P. Geo. Mr. Holbek is a full time employee of the Company and has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ?Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves?. Mr. Holbek does consent to the inclusion in this news release of the matters based on their information in the form and context in which it appears.
Peter Holbek is a Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the
technical content of this release.
About Copper Mountain Mining Corporation
Copper Mountain?s flagship asset is the 75% owned Copper Mountain mine located in southern British Columbia near the town of Princeton. The Copper Mountain mine produces about 90 million pounds of copper equivalent per year with a large resource that remains open laterally and at depth. Copper Mountain also has the permitted, development stage Eva Copper Project in Queensland, Australia and an extensive 379,000 hectare highly prospective land package in the Mount Isa area. Copper Mountain trades on the Toronto Stock Exchange under the symbol ?CMMC? and Australian Stock Exchange under the symbol ?C6C?.
Additional information is available on the Company?s web page at www.CuMtn.com.
On behalf of the Board of
COPPER MOUNTAIN MINING CORPORATION
?Gil Clausen?
Gil Clausen, P.Eng.
Chief Executive Officer
In Europe:
Swiss Resource Capital AG
info(at)resource-capital.ch
www.resource-capital.ch
Website: www.CuMtn.com
Note:www.sedar.com, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements.
Diamond drilling, which runs 24/7, uses NQ2 diameter rods and bits and drill core is placed in wooden boxes which are delivered to the core logging area at the end of every shift.>0.4% Cu are re-analyzed by Atomic Absorption.>0.1% Cu are delivered to a commercial lab for Au analysis by either fire assay or Aqua Regia digestion followed by AA analysis.
Intercept grades are length-weighted averages using uncut grades.
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Datum: 20.09.2018 - 02:09 Uhr
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News-ID 1541388
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