The Agreement provides direction to the parties for ongoing discussions and engagement regarding Alpha’s Star porphyry-style copper-gold Project, as well as providing a framework for sharing of information and open dialogue with transparent communication regarding Alpha’s activities in Tahltan Territory. The Company recognizes the importance of developing a constructive and respectful relationship with the TCG concerning the Company’s economic activities within Tahltan Territory and acknowledges the role of the TCG in keeping its members informed of the ongoing or potential economic activities occurring within Tahltan Territory.
“We are pleased to have entered into this agreement with the TCG prior to starting exploration activities. This is the first step to a respectful and constructive collaboration as we explore for copper and gold in Tahltan Traditional Territory,” stated
About the
Figure 1. Supergene enrichment in hole S045, at the start of an interval of 106.98 m of 0.77% Cu, 0.407 g/t, Au 1.02 g/t Ag.
- Historical Drill results include:
- CC2004-05: 242.3 m @ 0.44 % Cu, 0.32 g/t Au from surface.
- S045: 106.98 m @ 0.77% Cu, 0.407 g/t Au, 1.02 g/t Ag from 12.02 m.
- S048: 76.94 m @ 0.78% Cu, 0.55 g/t Au, 1.28 g/t Ag from 2.06 m.
- S048: 288 m @ 0.33% Cu, 0.149 g/t Au, 0.56 g/t Ag from 123 m.
- S049: 324 m @ 0.44% Cu, 0.219 g/t Au, 0.74 g/t Ag from 4 m.
- 5 confirmed and permitted drill-ready porphyry targets defined.
- Supergene enriched zone preserved (see Figure 1)
Figure 2. Location of the
________________________
1 The Red Chris and Galore Creek Deposit are advanced and developed projects and the reader is advised that the these are not indicative that a deposit will be defined on the
Figure 3. Location of the
Star Targets
The Star Property has been explored since the 1950s with a total of 18,739 m of drilling since 1955. The main Star target is the most developed to date and has been the subject of several drill programs. The property also contains several less developed targets; all targets are shown in Figure 4 and summarized below.
Figure 4. Star Property overview with general geology and porphyry targets outlined.
Star
- Porphyry-style target with mineralization drilled to 664 m below surface.
- 550 m by 950 m copper and gold in soil anomaly.
- Coincident IP chargeability and magnetic anomalies.
- Consistently positive copper (%) to gold (g/t) ratios with median value of 2.4.
- Surface trench results include 0.43% Cu and 0.25 g/t Au over 214 m.
Star North
- Located 1 km northeast of Star target.
- IP, magnetic, multi-element (Cu, Au, Ag, Mo, Zn, Pb) soil anomalies covering an area 500 m x 700 m.
- No history of drilling or surface trenching.
Star East
- Located 1 km east-southeast of Star target.
- 500 m x 500 m multi-element (Cu, Au, Ag) soil and IP chargeability anomaly.
- Open in all directions.
- Confirmed by trench and surface sampling.
- Located 3.5 km southwest of Star target.
- Linear 1800 m by 750 m altered and mineralized corridor.
- High copper in soil anomalies on margin of 1.2 km2 IP chargeability anomaly.
- Historical hand trenching results include135 m @ 0.48 % Cu.
- Single diamond drill hole from historic drilling reports 146.3m @ 0.32% Cu (Au not analyzed).
Figure 5. Malachite staining and gossan at the main
- Property discovery showing located approximately 2.3 km southeast of Star target.
- Copper and gold soil anomalies over an area 550 m x 1000 m.
- Soil and associated geophysical anomalies open to north, south and east.
- Extensive malachite-azurite gossans over an area of fractured and altered volcanic rocks.
- Historical surface sampling includes numerous samples with greater than 0.5% copper from XRF analysis.
Data Verification
None of the results in this news release have been independently verified by the Company. All results in this news release, including drill results, are historical estimates. The Company has not done sufficient work to classify historical estimates as, and is not treating the historical estimates as, current mineral resources or mineral reserves. Please refer to the Technical Report in respect of the
Qualified Person
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.
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/52abf5d1-ecf6-4236-be4d-45476b5ce235
https://www.globenewswire.com/NewsRoom/AttachmentNg/caebf08b-b3e1-4d4f-b343-4276c60c34f2
https://www.globenewswire.com/NewsRoom/AttachmentNg/81b73610-c7d6-4cc3-a821-a4ae557fce81
https://www.globenewswire.com/NewsRoom/AttachmentNg/d6d9991a-de32-4df2-8e08-f9402d7efbe9
https://www.globenewswire.com/NewsRoom/AttachmentNg/f3ba83e8-1096-46fe-8b73-54d82f7eb2d9
Figure 1. Supergene enrichment in hole S045, at the start of an interval of 106.98 m of 0.77% Cu, 0.407 g/t, Au 1.02 g/t Ag.
Figure 1. Supergene enrichment in hole S045, at the start of an interval of 106.98 m of 0.77% Cu, 0.407 g/t, Au 1.02 g/t Ag.
Figure 2. Location of the Star Project as well as surrounding developed prospects and active mineral tenures.
Figure 2. Location of the Star Project as well as surrounding developed prospects and active mineral tenures.
Figure 3. Location of the Star Project with respect to geological terranes and known porphyry-style projects in the northern Canadian Cordillera (edited from Nelson and Colpron, 2007).
Figure 3. Location of the Star Project with respect to geological terranes and known porphyry-style projects in the northern Canadian Cordillera (edited from Nelson and Colpron, 2007).
Figure 4. Star Property overview with general geology and porphyry targets outlined
Figure 4. Star Property overview with general geology and porphyry targets outlined
Figure 5. Malachite staining and gossan at the main Pyrrhotite Creek showing
Figure 5. Malachite staining and gossan at the main Pyrrhotite Creek showing
2023 GlobeNewswire, Inc., source