Freeport opts out of Tanzilla copper project in northern BC

 

Last updated 1/17/2016 at Noon



Kaizen Discovery Jan. 8 reported that Freeport-McMoRan of Canada Ltd. has terminated an earn-in option on the Tanzilla copper-gold porphyry project in the Golden Triangle area of northwestern British Columbia.

The 4,625-hectare Tanzilla property covers a seven-kilometer- (4.4 miles) long alteration zone.

Silica Ridge is the primary target along this alteration zone.

Induced polarization surveys confirmed the presence of a strong chargeability high to depths of at least 500 meters at Silica Ridge.

The 2015 program at Tanzilla included 1,878 meters of drilling in three holes, with two-holes targeting the central Silica Ridge alteration zone and one-hole exploring the Gopher Zone, located about 2,750 meters to the southeast.

The property is located 68 kilometers (42 miles) north of Imperial Metals Corp.'s Red Chris copper-gold mine.

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Shane Lasley, Publisher

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Over his more than 16 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.

 

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