The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Copper North Mining Corp. Jan. 11 said results from a second phase of 2015 drilling at Carmacks continues to demonstrate the potential to significantly expand known oxide mineral resources at this copper-gold-silver project in the Yukon Territory.
The company said all 12 holes drilled during the second phase tapped near-surface oxide copper mineralization at the south end of Zone 13 and the north end of Zone 12.
Highlights from the drilling include: 23.85 meters of 0.73 percent oxide copper; 0.16 grams per metric ton gold and 2.6 g/t silver from a depth of 44.6 meters in hole CN15-32; 22.34 meters of 0.59 percent oxide copper, 0.13 g/t gold and 2.36 g/t silver from a depth of 42.26 meters in hole CN15-33; and 19.46 meters of 0.54 percent oxide copper, 0.13 g/t gold and 2.02 g/t silver from a depth of 21.34 meters in hole CN15-34.
Zone 13 drilling is located roughly 700 meters southeast of a proposed open-pit mine for zones 1, 4, 7 and 7A at Carmacks.
Zone 12 is located 200 meters further south.
Copper North said it is unclear whether the gap between zones 13 and 12 will connect as a continuous zone.
According to a preliminary economic assessment completed in 2014, zones 1, 4, 7 and 7A encompass a measured and indicated resource of 11.98 million metric tons averaging 1.07 percent total copper (0.86 percent acid-soluble copper).
A new resource estimate that includes the 2015 drilling in zones 12 and 13; drilling in Zone 2000S; and historical drill holes is in progress.
Copper North believes the shallow oxide resource encountered in these zones has the potential to extend the life of the proposed Carmacks mine.
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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