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OZ Minerals Initiates Drill Program on Carube Copper's Bellas Gate Joint Venture
OTTAWA, ON / ACCESSWIRE / April 27, 2016 / Carube Copper Corp. (TSXV: CUC) is pleased to ann...
About this update from C3 Metals Inc.
[{"type":"text","content":"OZ Minerals Initiates Drill Program on Carube Copper's Bellas Gate Joint VentureOTTAWA, ON / ACCESSWIRE / April 27, 2016 / Carube Copper Corp. (TSXV: CUC) is pleased to announce that its joint venture partner OZ Minerals Limited has initiated the first portion of their 2016 drilling program at the Bellas Gate Joint Venture (BGJV) in Jamaica. The drill program is part of the BGJV's Phase Five, which includes all work to the completion of a feasibility study. OZ Minerals will earn an additional 10% interest in the Joint Venture by sole funding Phase Five.\nJeff Ackert, President and CEO of Carube Copper noted: During the course of OZ Minerals' work at Bellas Gate over the last two years, they have discovered some exceptionally prospective areas for copper-gold porphyry systems that they will now be drilling to measure copper and gold content. Early assay results are expected to be available in June. We are extremely pleased that OZ Minerals is proceeding so rapidly with this drill program.\nDiamond drilling has begun at the BGJV on three recently defined prospective targets. Approximately 4 holes, totalling more than 1000m in length, are being drilled at these targets, which are located on parallel alteration zones. These zones are approximately 5km long and are notable for the presence of copper-gold porphyries. Further drilling will be considered after review of the initial drill results, and the results from a ground-based IP survey being completed over the alteration zones and intervening ground.\nThe three targets to be drilled are:\n- Provost Prospect, a copper-gold porphyry target, located on the prospective Southern Alteration Zone trend between Camel Hill and Hendley, both of which host copper gold porphyry systems. Soil geochemistry has defined a 400m by 400m copper in soil anomaly at Provost. The site also contains strong to intense density of stockwork veining in volcanic rocks, which include quartz \"A-veins\" in malachite-mineralized outcrops. The alteration zone is open along trend to the southeast.\n- Provost Southeast Prospect, a target some 800m southeast of Provost, is along the strike of the alteration system stretching from the Hendley copper-gold porphyry system in the northwest to the Camel Hill copper-gold porphyry in the southeast. Soil data outlines an anomalous copper zone 600m long by 100 to 200m wide.\...