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Roughrider Expands Eldorado Property Based on New Results from Adjacent Red Chris Mine and Provides Company Update
Roughrider Expands Eldorado Property Based on New Results from Adjacent Red Chris Mine an...
About this update from Coast Copper Corp
[{"type":"text","content":"\n \n \n \n Roughrider Expands Eldorado Property Based on New Results from Adjacent Red Chris Mine and Provides Company Update\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n TSX.V: REL\n \n \n \n VANCOUVER, BC\n \n ,\n \n Jan. 13, 2021\n \n /CNW/ -\n \n Roughrider Exploration Limited (\"Roughrider\"\n \n or the\n \n \"Company\")\n \n (TSXV: REL) is pleased to announce that it has expanded its 100% owned\n \n Eldorado\n \n property (the \"\n \n Property\n \n \") located immediately adjacent to the east of the Red Chris Mine (see Figure 1). The Property consists of 10 mineral tenure claims totaling 4,867 ha. Based on the recent results from Newcrest Mining Limited ( \" Newcrest\") and Imperials Metals Corporation's ( \" Imperial\") jointed ventured Red Chris Mine\n \n 1\n \n (available on Imperial's website, dated\n \n \n December 9, 2020\n \n \n ) which highlights significant mineralization noted for the first time on the southern side of the South Boundary Fault (\"SBF\"), Roughrider acquired additional claims to expand its Property (see Figure 2).\n \n \n \n \n \n \n \n \n \n \n Adam Travis\n \n , Roughrider CEO and Director comments:\n \n \"We are very encouraged with the results that Newcrest and Imperial reported from recent exploration program of their Red Chris Mine property where they have noted a significant discovery that has the potential to expand the known area of the Red Chris Porphyry System on the other side of the SBF, originally thought to limit their deposit. We have now expanded our adjacent\n \n Eldorado\n \n property, which is on trend to the east, to include more ground in the southern portion of the property considering these significant results. Roughrider has plans for an airborne geophysical survey to be followed by detailed ground IP geophysical surveys targeting areas for potentially higher-grade gold-copper mineralization adjacent to significantly anomalous results returned by previous work. Additionally, new geological models developed from the Red Chris Mine geology will serve as a good guide to fu...