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ArcWest Provides Exploration Update on 2023 Todd Creek Program, Funded by Freeport-McMoRan Mineral Properties Canada Inc.
Vancouver, British Columbia--(Newsfile Corp. - March 4, 2024) - ArcWest Exploration Inc. (TSXV: A...
About this update from Arcwest Exploration Inc.
[{"type":"text","content":"ArcWest Provides Exploration Update on 2023 Todd Creek Program, Funded by Freeport-McMoRan Mineral Properties Canada Inc.Vancouver, British Columbia--(Newsfile Corp. - March 4, 2024) - ArcWest Exploration Inc. (TSXV: AWX) (\"ArcWest\") is pleased to report results from the Company's comprehensive 2023 exploration program at its Todd Creek copper-gold (Cu-Au) project, located in BC's Golden Triangle (the \"Todd Creek project\"). ArcWest's 100% owned, 32,000 hectare Todd Creek project adjoins Newmont Corporation's recently acquired Brucejack Gold Mine property, one of the highest-grade operating gold mines in the world, and is located approximately 40 km southeast of Seabridge Gold's KSM-Iron Cap Cu-Au deposits, which are one of the largest Au-Cu concentrations in North America. The 2023 Todd Creek exploration program (geophysics, geological mapping and geochemical sampling), with an approved expenditure of up to $2.8 million, was funded by Freeport-McMoRan Mineral Properties Canada Inc. (\"Freeport\"), as per an earn-in agreement announced March 10th, 2023. An updated technical presentation for the Todd Creek project is available for download here.HighlightsThe 2023 Todd Creek program included one of the largest 3D IP surveys in British Columbia history, completed by Dias Geophysics using their DIAS32 system. The IP survey focused on a 12 km N-S by 3 km E-W highly gossanous corridor on the west side of Todd Creek valley that is host to numerous Cu-Au occurrences over a widespread area. The survey delineated three extensive zones of high chargeability (25-45 mV-V) underlying or in proximity to areas of known Cu-Au mineralization on the property, including: (1) in the Fall Creek - Ice Creek area, (2) west and north of historical drill holes in the Yellow Bowl Zone, and (3) west of the South Zone. The highest chargeabilities were located in the Fall Creek - Ice Creek area where a 2 by 1 km zone (open to the north) wraps around a strong 300 by 800 metre conductor (low-resistivity zone). None of the high chargeability zones and conductors identified in the 2023 IP program have been drill tested.Ice Creek Zone - six new rock samples along a 1 km long north-south trend returned gold values in excess of 1 g/t (grams per tonne), including a sample of hydrothermal breccia returning 262 g/t Au (with 2.46% Cu), one of the highest gold values...