- At the Jogran Porphyry target, both holes J-23-01 and J-23-02 intersected broad zones of copper mineralization (194 m from 4-198 metres and 137 metres from 4-141 metres, respectively). Mineralization is exhibited as chalcopyrite + molybdenite ± bornite + pyrite + pyrrhotite disseminations and in quartz veinlets hosted in a quartz-sericite-pyrite (Phyllic) altered quartz monzonite porphyry.
- At the Richards Breccia target, two of four holes (R-23-01 and R-23-04) encountered wide intersections of copper mineralization (37 metres from 76-113 metres and 49 metres from 80-129 metres, respectively). The mineralization at Richards consists of chalcopyrite + pyrite ± pyrrhotite ± chalcocite aggregates, disseminations, and veinlets hosted in a chlorite-sericite-carbonate-pyrite altered breccia.
“We are eager to see the assays from the
The Company believes this region has the potential to deliver several much larger copper-dominant polymetallic deposits based on the extensive Cu-Mo-Au-Ag mineralization throughout this contiguous 24,000-hectare project.”
Photo 1: R-23-04 at 81 to 90 metres (Richards Breccia) - Coarse aggregates and veinlet fills of chalcopyrite + pyrite + pyrrhotite ± chalcocite in altered breccia.
The company believes that the JR zone has a current footprint of copper mineralization that’s 1.5 kilometres long and 550 metres wide (open) based on reconnaissance MMI soils lines and historical data compilation completed by the company (see press release dated
Map 1:
The Summer 2023 Drill Program
Map 2: JR Zone Long Section
Two (2) drillholes were completed at Jogran Porphyry (see Map 3). Drill holes J-23-01 and J-23-02 were located in the vicinity of historical drill holes JDH-13 and JDH-16 to confirm historical results near surface and to extend the mineralization at depth. Both recent drill holes intersected broad zones of copper mineralization (194 metres from 4 to 198 metres and 137 metres from 4 to 141 metres, respectively). Mineralization is exhibited as chalcopyrite + molybdenite ± bornite + pyrite + pyrrhotite disseminations and in veinlets, hosted in a phyllic (quartz-sericite-pyrite) altered quartz monzonite porphyry (see Photo 2).
Map 3:
Photo 2: J-23-02 at 72 m (Jogran Porphyry) - Close-up view of altered Quartz Monzonite Porphyry with disseminated chalcopyrite + molybdenite ± bornite ± chalcocite + pyrite + pyrrhotite sulphide blebs and cross-cutting quartz-carbonate veinlets containing chalcopyrite + molybdenite ± pyrrhotite.
Notably the copper and molybdenum mineralization also extends into the mafic volcanic wall rocks with an increase in occurrence of bornite mineralization at depth from 315-346 metres (31 metres). The mineralization in the mafic volcanics is associated with localized and discrete zones of magnetite-biotite (potassic) alteration along a 121 metre stretch from 225-346 metres.
Five (5) drillholes were completed at Richards Breccia and vicinity (see Map 4). Drillholes R-23-01 and R-23-04 tested the historical results of ARD98-07 and AR97-25 at depth and successfully extended the breccia 50 to 60 metres vertically below known mineralization.
Map 4:
Both drillholes R-23-01 and R-23-04 encountered wide intersections of copper mineralization (37 metres from 76 to 113 metres and 49 metres from 80 to 129 metres, respectively). Mineralization is exhibited as chalcopyrite + pyrite ± pyrrhotite ± chalcocite aggregates, disseminations, and veinlet fills hosted in a chlorite-sericite-carbonate-pyrite altered breccia (see Photo 3).
Photo 3: R2301 at 101 metres (Richards Breccia): Close-up view of Breccia showing fine to coarse aggregates of chalcopyrite-pyrite mineralization.
The Company will develop additional drill targets in the
Qualified Person
Augusto Flores IV,
Quality Assurance and Quality Control (QA/QC)
QA/QC include the systematic insertion of blanks and certified reference materials (CRM), with blanks and CRM making up about 10% of the sample stream. Drill core samples are logged, and samples were split into half using a diamond core saw. The other half of the drill cores are stored on site in a safe and secure facility. Half-core samples are labelled, placed in sealed bags, and shipped directly to ACTLABS in
About
For further information, please contact:
President/CEO and Director
Cellular: (416) 931 2243
Email: jtimmons@copperroad.ca
Web: www.copperroad.ca
Caution Regarding Forward-Looking Information
This news release contains forward-looking information that involves substantial known and unknown risks and uncertainties, most of which are beyond the control of Copper Road. Forward-looking statements include estimates and statements that describe Copper Road Resource’s future plans, objectives or goals, including words to the effect that
Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, failure or inability to complete the Offering on disclosed terms or at all, regulatory approval processes, failure to identify mineral resources, delays in obtaining or failures to obtain required governmental, regulatory, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
Photos accompanying this announcement are available at:
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Map 1: Copper Road Project
Map 1: Copper Road Project
Map 2: JR Zone Long Section
Map 2: JR Zone Long Section
Map 3: JR Zone - Jogran Porphyry - Drill hole location map
Map 3: JR Zone - Jogran Porphyry - Drill hole location map
Map 4: JR Zone - Richards Breccia – Drill hole location map
Map 4: JR Zone - Richards Breccia – Drill hole location map
Photo 1: R-23-04 at 81 to 90 metres (Richards Breccia) - Coarse aggregates and veinlet fills of chalcopyrite + pyrite + pyrrhotite ± chalcocite in altered breccia.
Photo 1: R-23-04 at 81 to 90 metres (Richards Breccia) - Coarse aggregates and veinlet fills of chalcopyrite + pyrite + pyrrhotite ± chalcocite in altered breccia.
Photo 2: J-23-02 at 72 m (Jogran Porphyry) - Close-up view of altered Quartz Monzonite Porphyry with disseminated chalcopyrite + molybdenite ± bornite ± chalcocite + pyrite + pyrrhotite sulphide blebs and cross-cutting quartz-carbonate veinlets conta
Photo 2: J-23-02 at 72 m (Jogran Porphyry) - Close-up view of altered Quartz Monzonite Porphyry with disseminated chalcopyrite + molybdenite ± bornite ± chalcocite + pyrite + pyrrhotite sulphide blebs and cross-cutting quartz-carbonate veinlets containing chalcopyrite + molybdenite ± pyrrhotite.
Photo 3: R2301 at 101 metres (Richards Breccia): Close-up view of Breccia showing fine to coarse aggregates of chalcopyrite-pyrite mineralization.
Photo 3: R2301 at 101 metres (Richards Breccia): Close-up view of Breccia showing fine to coarse aggregates of chalcopyrite-pyrite mineralization.
2023 GlobeNewswire, Inc., source