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Porphyry-Style Copper-Gold Mineralization is Intersected at ArcWest's Oxide Peak Copper-Gold Project, Toodoggone District, B.C.
Vancouver, British Columbia--(Newsfile Corp. - July 25, 2023) - ArcWest Exploration Inc. (TSXV: A...
About this update from Arcwest Exploration Inc.
[{"type":"text","content":"Porphyry-Style Copper-Gold Mineralization is Intersected at ArcWest's Oxide Peak Copper-Gold Project, Toodoggone District, B.C.Vancouver, British Columbia--(Newsfile Corp. - July 25, 2023) - ArcWest Exploration Inc. (TSXV: AWX) (\"ArcWest\") is pleased to announce that partner funded exploration drilling has intersected porphyry-style copper-gold-molybdenum (\"Cu-Au-Mo\") mineralization on its Oxide Peak project, situated in British Columbia's Toodoggone District, northern B.C. The project is being advanced by partner TDG Gold as part of an Earn-In Agreement (see ArcWest news release December 23, 2019). The Toodoggone region hosts extensive Early Jurassic porphyry Cu-Au and epithermal gold-silver (Au-Ag) mineralization including several past producing Au-Ag mines (Baker, Lawyers, Shasta) and the Kemess Au-Cu porphyry deposits (Centerra Gold). The southern half of the Oxide Peak project adjoins Benchmark Metals, which recently completed a Preliminary Economic Assessment of the Lawyers gold-silver deposit (Benchmark Metals News Release August 16, 2022). Historical production in the district exceeds 3.2 million ounces of gold and 360,000 tonnes of copper.HighlightsPartner funded exploration at Oxide Peak in 2022 included 1021.5 meters of drilling from two drill holes collared at -45 and -60 inclination from the same drill site, located 500 meters southwest of and 240 meters elevation above outcropping chalcopyrite mineralization in Oxide Creek.Drilling intersected broad intervals of intensely quartz-sericite-pyrite (QSP) altered volcanic rocks cut by multistage quartz, sulfide and gypsum veins and stockworks. Core sampling returning assay values up to 0.33 grams per tonne (g/t) Au and 0.23% Cu over 13 meters (see Table 2).The more steeply inclined drill hole OP22-002 begins to transition to K-feldspar-magnetite-chlorite (possible relict potassic) alteration at around 414-432 meters downhole depth. This suggests potential for increasing Cu-Au-Mo grades with depth, as the system transitions from QSP to potassic alteration.TDG is operator for exploration at Oxide Peak and is responsible for the design and implementation of exploration programs on the property.Tyler Ruks, President and CEO of ArcWest commented, \"ArcWest thanks our partner TDG Gold for advancing the Oxide Peak project. The 2022 drill program was the first ever drill te...