Business
Canadian Copper Reports Near-Surface Intercept of 1.44% Cu over 11.25 meters at the Chester Copper Project, Bathurst Camp, New Brunswick
TORONTO, Sept. 12, 2022 /CNW/ - Canadian Copper Inc. ("Canadian Copper" or the "Company") (CSE: CCI) is pleased to announce positive exploration results from it
About this update from Canadian Copper, Inc.
[{"type":"text","content":" TORONTO, Sept. 12, 2022 /CNW/ - Canadian Copper Inc. (\"Canadian Copper\" or the \"Company\") (CSE: CCI) is pleased to announce positive exploration results from its next thirteen holes at Chester Copper Project (\"Chester\") located in the Bathurst Mining Camp, New Brunswick, Canada. \"We are pleased with the results of Phase Two drilling at the Chester Central and East Zones. These two areas previously did not contribute to the historical Mineral Resource Estimate (\"MRE\") at Chester. The Phase Two program has established Central and East zone grade and spatial continuity, and as a result, these resources will be incorporated into the updated MRE. The Chester historic geologic model continues to deliver within expectations.\" Simon Quick, CEO of Canadian Copper. Highlights of Phase Two Program: Hole C21-14: 1.44 % copper over 11.25 meters in a continuous mineralized envelope grading 0.69% copper over 25.7 meters. Hole C21-15: 2.48% over 2 meters in a continuous mineralized envelope grading 0.92% copper from 13 meters. Precious metals: All holes within the massive sulphide zones intersected anomalous gold and silver mineralization. (See Table 1 for drilling results). Similar to the first phase of drilling at Chester (click here to see the results), the program successfully met the designed objectives of: Validate historical resource and geologic model for the three primary zones, Central, East, and West Zone (Copper Stringer), which are all located near surface. Outline additional resources in existing gaps between the Central and East Zone. Further explore for the presence of gold and silver mineralization near surface within the gossanous Central and East zones. Each of the above stated objectives were met by the Phase Two program. All thirteen drill holes intersected the near-surface target massive sulphide mineralization validating the historical geologic model. Also, portions of the Chester historical resource estimate consisting of dated drilling (pre-1960's) may now be included into the upcoming MRE because of new data collected. Additionally, the continuous presence of silver and gold across the resource is a positive development, bringing potential additional value to the ore body. About the Chester Copper Project The Chester copper deposit (\"Chester\") is a volcanogenic massive sulphide (\"VMS\") resource con...