“The Hopper Project is a great project with a lot of exploration upside,” stated
The Hopper is a porphyry copper project with adjacent skarn mineralization in southwest
The porphyry target area has seen limited testing, despite many indications of a large porphyry-style hydrothermal system at surface. In 2021 drilling intersected strong propylitic, and intervals of potassic, alteration and copper mineralization from surface down to 116m depth. In 2022, drilling intersected over 300m at 0.11% Cu with intercepts of more typical porphyry-grade, including 0.348% Cu over 31.82 m (Table 2) within that interval.
Figure 1: Modeled skarn horizons (red) and faults (dark grey) as well as drill collars over both the Hopper skarns and the porphyry zone. Note that the strike length of individual skarn horizons is over 1,000 m.
Figure 2: Hole HOP22-DDH-03 intercepted 15.27m at 1.869% Cu, 1.037 g/t Au and 13.8 g/t Ag from 62.23m. Mineralization is dominantly copper-sulfides (chalcopyrite) in this interval.
Table 1. Highlight drill results of the Copper Castle Skarn zone.
Drill Hole | From (m) | To (m) | Length (m)1 | Cu (%) | Au (g/t) | Ag (g/t) |
HOP-21-DDH-01 | 38.60 | 40.75 | 2.15 | 0.383 | 0.137 | 3.4 |
HOP-21-DDH-01 | 55.44 | 77.72 | 22.28 | 1.405 | 0.532 | 11.7 |
including | 62.00 | 66.72 | 4.72 | 5.339 | 1.444 | 45.7 |
including | 64.04 | 64.84 | 0.80 | 11.418 | 2.560 | 147 |
HOP-21-DDH-02 | 25.26 | 29.19 | 3.93 | 0.169 | 0.043 | 1.3 |
HOP-21-DDH-02 | 70.00 | 79.39 | 9.39 | 0.622 | 0.197 | 4.2 |
including | 70.00 | 74.18 | 4.20 | 0.773 | 0.201 | 4.9 |
HOP-21-DDH-03 | 77.00 | 87.96 | 10.96 | 1.365 | 0.488 | 9.6 |
including | 83.95 | 87.96 | 4.01 | 2.715 | 1.014 | 20.1 |
HOP22-DDH-02 | 107.02 | 123.54 | 16.52 | 0.804 | 0.492 | 6.7 |
Including | 109.46 | 114.62 | 5.16 | 1.857 | 0.827 | 11.4 |
And | 117.37 | 123.54 | 6.17 | 1.040 | 0.558 | 7.4 |
HOP22-DDH-03 | 62.23 | 77.50 | 15.27 | 1.869 | 1.037 | 13.8 |
Including | 63.85 | 70.00 | 6.15 | 3.926 | 2.203 | 28.8 |
1Drilling approximately directed perpendicular to bedding and skarn horizons, therefore intersects are expected to be within 95% of true width.
Hopper Porphyry zone
The Hopper Porphyry zone is centered within a large Late Cretaceous intrusion1. This intrusion age is similar to those in the
Figure 3. HOP22-DDH04 Top left: quartz-carbonate-chalcopyrite vein in propylitic alteration at 173m. Centre left; banded chalcopyrite-biotite-quartz-carbonate vein with vein-controlled potassic alteration at 279m. Top right: banded vein with chlorite-chalcopyrite (top) and quartz-pyrite (bottom) in intensely propylitic altered host rock at 192m. Bottom: pyrite-chalcopyrite-quartz vein at 192.5m.
Table 2. Drill highlights from HOP22-DDH04.
Drill hole | From (m) | To (m) | Length (m) | Cu (%) | Ag (g/t) | Au (g/t) | Mo (%) |
HOP22-DDH04 | 25.25 | 332.00 (EOH) | 306.751 | 0.107 | 0.62 | 0.008 | 0.002 |
including | 163.00 | 194.82 | 31.82 | 0.348 | 2.47 | 0.010 | 0.006 |
191.00 | 193.00 | 2.00 | 3.630 | 23.60 | 0.060 | 0.047 | |
208.00 | 217.00 | 9.00 | 0.324 | 2.44 | 0.010 | 0.004 | |
269.22 | 283.00 | 13.78 | 0.488 | 2.84 | 0.024 | 0.003 | |
319.00 | 325.00 | 6.00 | 0.071 | 0.20 | 0.017 | 0.015 |
1This intersect contains two unsampled intervals from 218.73m to 234.14m and from 236.45m to 239.56m for which metal values were assumed to be nil.
Collar table
Table 3. Collar table. Locations as surveyed by dGPS.
Drill Hole | Easting | Northing | Elevation | Azimuth | Dip | Depth | Zone | |
HOP21-DDH-01 | 8N | 397675.66 | 6794636.03 | 1178.84 | 269 | -70 | 83 | |
HOP21-DDH-02 | 8N | 397711.23 | 6794599.16 | 1186.27 | 272 | -68 | 128 | |
HOP21-DDH-03 | 8N | 397739.55 | 6794570.59 | 1190.72 | 271 | -70 | 146 | |
HOP22-DDH-02 | 8N | 397552.99 | 6794727.96 | 1188.45 | 270 | -75 | 203 | |
HOP22-DDH-03 | 8N | 397632.65 | 6794839.81 | 1211.36 | 270 | -75 | 260 | |
HOP22-DDH-04 | 8N | 398063.18 | 6797338.21 | 1441.73 | 90 | -60 | 332 | Porphyry |
Data Verification
Drill core was halved on site. One half of the drill core remains on site in a core storage facility. The other half of the core was bagged, and security tagged and sent to MSA (2021) and ALS (2022) Laboratories for multi-element chemical analysis and assay. Upon receipt of the samples CAVU’s QAQC protocol flags any sets of samples that may not meet standards for disclosure, which are then sent back to the laboratory for re-assay. All assays reported here passed MSA, ALS and CAVU QAQC protocols.
Qualified Person
This news release has been reviewed and approved by Mr.
On Behalf of the Board of Directors,
~Darryl Jones~
CEO, President & Director
Contact
Invictus Investor Relations
+1 (604) 343.8661
walter@invictusir.com
About
Forward-Looking Statements
This news release contains forward-looking statements and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipate”, “expects” and similar expressions. All statements other than statements of historical fact, included in this news release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include the results of further exploration and other risks detailed from time to time in the filings made by the Company with securities regulators. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements as expressly required by applicable law.
1 Morris, G. A., Mortensen, J. K., &
2 Investors are cautioned that mineralization outside of Alpha’s tenure does not imply similar mineralization within Alpha’s tenure. The Hopper is an exploration stage project and does not contain a 43-101 compliant resource.
Photos accompanying this announcement are available at
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Figure 1
Modeled skarn horizons (red) and faults (dark grey) as well as drill collars over both the Hopper skarns and the porphyry zone. Note that the strike length of individual skarn horizons is over 1,000 m
Figure 2
Hole HOP22-DDH-03 intercepted 15.27m at 1.869% Cu, 1.037 g/t Au and 13.8 g/t Ag from 62.23m. Mineralization is dominantly copper-sulfides (chalcopyrite) in this interval.
Figure 3
HOP22-DDH04 Top left: quartz-carbonate-chalcopyrite vein in propylitic alteration at 173m. Centre left; banded chalcopyrite-biotite-quartz-carbonate vein with vein-controlled potassic alteration at 279m. Top right: banded vein with chlorite-chalcopyrite (top) and quartz-pyrite (bottom) in intensely propylitic altered host rock at 192m. Bottom: pyrite-chalcopyrite-quartz vein at 192.5m.
2023 GlobeNewswire, Inc., source