Copper Mountain Announces Positive Drilling Testing Depth Extensions at New Ingerbelle
(PresseBox) - Copper Mountain Mining Corporation (TSX: CMMC | ASX:C6C) (the ?Company? or ?Copper Mountain? - https://www.commodity-tv.com/play/copper-mountain-mining-company-teaser-2020/ ) is pleased to announce positive results from two drill holes, totalling 1,538 metres that were drilled to test the depth extent of the New Ingerbelle copper-gold pit at the Copper Mountain mine. The Copper Mountain mine is located in southern British Columbia near the town of Princeton.
Highlights:
Hole 20IG-01 returned 585 metres of 0.51% CuEq (0.33% Cu, 0.21 g/t Au, 0.45 g/t Ag), including 213 metres of 0.75% CuEq (0.50% Cu, 0.29 g/t Au, 0.63 g/t Ag)
Hole 20IG-02 returned 120 metres of 1.02% CuEq (0.69% Cu, 0.37 g/t Au, 1.55 g/t Ag)
?These results indicate the immense potential that is inherent in New Ingerbelle,? commented Gil Clausen, Copper Mountain?s President and CEO. ?The drill program shows that mineralization extends for at least an additional 250 metres below the design pit.tely the mineral reserve.?
Mr. Clausen added, ?Further, the average copper and gold grades of these wide intercepts are above the average mineral reserve grade at New Ingerbelle.
Drilling was designed to test mineralization continuity at depth in the central part of the deposit area. Geology, alteration intensity and copper to gold ratios are consistent over the entire known vertical extent of mineralization. These positive drill results will be incorporated into the Company?s annual mineral reserve and mineral resource update in the fourth quarter of 2020.
The two drill holes were drilled in scissor fashion, roughly east-west, on sections spaced 200 metres apart in the north-south direction. As sulphide bearing fractures have a strong vertical orientation, angle drilling provides a better representation of grade distribution.
The New Ingerbelle deposit has reserves of 193 million tonnes grading 0.24% Cu, 0.15 g/t Au and 0.48 g/t Ag containing 1.0 billion pounds of copper, 929,000 ounces of gold and 3.0 million ounces of silver as at January 1, 2020 (as published in Copper Mountain?s 2020 AIF). New Ingerbelle is situated one kilometre west of the Copper Mountain Main Pit.
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 currently produces approximately 90 million pounds of copper equivalent, with average annual production expected to increase to approximately 120 million pounds of copper equivalent.?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.
President and Chief Executive Officer
For further information, please contact:
Letitia Wong
Vice President Corporate Development & Investor Relations
Telephone: 604-682-2992
Email: Letitia.Wong(at)CuMtn.com
Cautionary Note Regarding Forward-Looking Statements
This news release may contain forward-looking statements and forward-looking information (together, ?forward-looking statements?) within the meaning of applicable securities laws.ng statement, whether as a result of new information, future events or otherwise.
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Datum: 08.09.2020 - 10:09 Uhr
Sprache: Deutsch
News-ID 1560608
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