- Primary copper-in-soil anomaly extended by 1.5 km to total of 5 km x 500 m, with multiple additional target areas identified (figures 1 & 2);
- Widespread copper mineralization observed at surface in the primary target area, with grab samples (figure 3) returning values including:
- 1.57% copper;
- 1.01% copper with 1.03 g/t gold; and
- 0.70% copper with 2.82 g/t gold;
- IP surveys returned a 1,000 x 600 x 400 m chargeability and resistivity high coincident with high-grade surface samples (figures 4 & 5);
- Phase 2 maiden drill program at the Catch property has commenced, with up to 1,500 m of reverse circulation ("RC") drilling to test priority coincident geochemical and geophysical targets; and
- Outcrop sampling 1.5 km south of the primary target area returned 1.09% copper in an area that has seen minimal sampling (figures 1 & 2).
"We are very impressed with the results we have seen from Catch so far," stated
Figure 1 – Catch Copper-in-soil
Figure 2 – Catch Gold-in-soil
Figure 3 – Catch Rock Highlights
Figure 4 – Catch IP Section Chargeability
Figure 5 – Catch IP Section Resistivity
Figure 6 – Catch Ground Magnetics
Phase 1 exploration at Catch consisted of prospecting, mapping, soil sampling and geophysical surveys. A total of 50 rock samples and 359 soil samples were collected. 10.1 line-km of IP and 49.3 line-km of ground magnetics and very low frequency surveys were completed.
Broad-spaced soil sampling (100 x 500 m) extended the primary copper-in-soil anomaly by 1.5 km to the north, to a total of 5 km x 500 m in size. Additional areas of anomalous copper-in-soil were identified outside the main target area and provide compelling targets for Phase 2 prospecting work.
Rock sampling extended areas of known mineralization at surface. Hand pitting 100 m north of Trench 8 yielded a sample returning 1.16% copper. Follow-up sampling at Trench 9 yielded a sample returning 1.36% copper with 0.13 g/t gold. Sampling 135 m west of Trench 1 returned 1.01% copper with 1.03 g/t gold from a hand pit. Sampling 50 m east of Trench 7 returned 1.57% copper. Apart from the follow-up sampling at Trench 9, all of these samples are from new mineral occurrences within the main target area, significantly extending known mineralization at surface. The primary anomaly area remains underexplored and numerous additional targets will be evaluated in Phase 2 work.
A separate copper-in-soil anomaly located 1.5 km south of the trenching area returned 1.09% copper from outcrop in an area that remains underexplored. This area and additional soil anomalies located further south and east will be evaluated in Phase 2 and future work.
The IP survey returned an open ended (NW-SE), 1,000 x 600 x 400 m coincident chargeability and resistivity high coincident with the primary zone of copper-gold mineralization (figure 4 & 5). This area lies within a moderate magnetic high and is immediately adjacent to a 1.5 x 1.2 km circular magnetic high (figure 6).
Based on the highly encouraging results from this Phase 1 work, crews have recently returned to the Catch property to initiate a Phase 2 program, with additional prospecting, mapping and sampling underway. Crews and equipment are currently being mobilized to site for a maiden RC drill program, with drilling scheduled to begin in the coming days. This property has never been drilled, and all targets represent new grassroots discoveries.
The Property lies within the Quesnel Terrane and is juxtaposed against the Stikine Terrane by the 1,000+ km long, deep seated, crustal scale strike-slip Teslin-Thibert fault approximately 3 km west of the Property boundary. The
The Property is underlain by augite phyric basalt of the Semenof Formation, centered on a 7 x 3 km regional magnetic high. Bedrock exhibits strong propylitic and sericitic alteration and intense localized oxidation, brecciation and malachite staining.
The geology, alteration and mineralization observed throughout the Property are all indicative of a nearby copper-gold±molybdenum bearing porphyry system.
The Property is under option from a
Analytical work for rock and soil samples was completed by ALS Minerals, with sample preparation in
Results referenced in this release represent highlight results only and include results from 2022 and previous years. Below detection values for gold and copper have been encountered in soil and rock samples in these target areas.
The technical information in this news release has been approved by
On behalf of
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE
This press release may contain "forward-looking information" within the meaning of applicable securities laws. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this press release. The Company undertakes no obligation to update forward-looking information, except as required by securities laws.
The mineral resource estimates included in this press release have been prepared in accordance with Canadian National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
Additional information about the Tiger Deposit PEA is summarized in
SOURCE
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