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American Copper Initiates 5,000m Drill Program at Flagship Lordsburg Project
Vancouver, British Columbia--(Newsfile Corp. - March 27, 2023) - American Copper Development Corporation (CSE: ACDX) (OTCQB: ACDXF) (FSE: D52) ("ACDX" or the "
About this update from American Copper Development Corporation
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - March 27, 2023) - American Copper Development Corporation (CSE: ACDX) (OTCQB: ACDXF) (FSE: D52) (\"ACDX\" or the \"Company\") is pleased to announce that it has received all required exploration permits from the Bureau of Land Management (BLM) and the New Mexico Mining and Minerals Division (NM MMD) to initiate a maiden 5,000-meter diamond drill program to explore for porphyry copper mineralization at its 100% owned Lordsburg Property located in southwestern New Mexico. The Company has contracted Major Drilling to complete this Phase I drill campaign. Lordsburg Project Phase I Drill Program The 5,000-meter diamond drill program commenced on March 25, 2023. The Phase I drilling campaign is designed to follow up on and extend previously identified porphyry copper related mineralization first identified by Entrée Gold in 2008-2009 drilling, test previously undrilled areas in and around the known high-grade copper, silver, gold vein mineralization at the historic Bonney and Misers Chest mines, and test newly identified areas for porphyry copper mineralization from the recently completed 3D DCIP/MT Titan survey completed by Quantec (Figure 1). FIGURE 1: Phase I Drilling areas outlined over 3D gridded 2D Chargeability Inversion Model RL slice, 1,000m anomalies. Rick Van Nieuwenhuyse, Chairman, states, \"It is exciting to finally get to drill some of the numerous targets at Lordsburg. It has taken several years to assemble a controlling land position on this largely untested porphyry copper district. The DCIP/MT survey identified a number of compelling targets - especially when combined with our multiple layers of technical data including detailed geologic mapping, ASTER hyperspectral alteration mapping, magnetics, soil geochemistry and LIDAR. For those about to drill, we salute you!\" The Lordsburg Project American Copper's Lordsburg project is strategically located in a porphyry-rich copper region of southwest New Mexico at the intersection of the NE trending Santa Rita Lineament and the NW trending Texas Lineament. Significant historical production from the district includes 3-4M tonnes from polymetallic veins with average hypogene grades of 2-3% Cu, 2-3 opt Ag, and ~0.11 opt Au. Increasing copper grades are found at depth on the Lordsburg property with historically drilled intercept...