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Roughrider Exploration Acquires Sterling Property in British Columbia
VANCOUVER, BC / ACCESSWIRE / November 22, 2017 / Roughrider Exploration Limited (TSX-V: REL) ("Roughrider") is pleased to announce the acquisition by staking of
About this update from Coast Copper Corp
[{"type":"text","content":"VANCOUVER, BC / ACCESSWIRE / November 22, 2017 / Roughrider Exploration Limited (TSX-V: REL) (\"Roughrider\") is pleased to announce the acquisition by staking of the 4,016 hectare \"Sterling Property,\" located eight kilometres north of Houston, BC and 14 kilometres north of the Company's recently staked 100% owned Silver Ace property (see News Release November 16, 2017). \"We are excited to be able to expand our mineral property inventory in the Houston valley area with a strong exploration opportunity like Sterling,\" commented Roughrider CEO, Scott Gibson. \"It is also a great benefit to the company to be able to do so for the cost of staking only and with no third-party obligations. The combination of high in situ grades at several vein occurrences and proximity to large scale mineralized systems with surrounding covered areas make Sterling a prime candidate for the application of modern exploration techniques to search for undiscovered mineralization.\" The Sterling Property lies within the Stikine Terrane of central British Columbia, encompassing intrusive rocks of the Early Jurrasic Topley, Late Cretaceous Bulkley, and the Eocene Goosly Plutonic Suites. On the Sterling Property, multiple stocks of the Topley, Bulkley, and Goosly Plutonic Suites intrude Lower Jurassic Hazelton Group (Telkwa Formation) calc-alkaline volcanic rocks and Upper Jurassic Bowser Lake Group sedimentary rocks. Regionally, Bulkley, and Goosly Plutonic Suite intrusive rocks are associated with copper-silver-gold/molybdenum-silver-gold mineral systems including, respectively, the New Nadia Explorations Limited's Silver Queen prospect 45 kilometres to the south and the former producing Equity Silver mine 40 kilometres to the southeast. The ground that makes up the Sterling Property was selected based on geological factors that management considers make it prospective for intrusive associated, breccia vein-hosted precious metal deposits, including: Historic high-grade silver-base metal veins on the north part of the property, including the Christina, Gwenda, Paola and Monica vein showings (Adriatic Resources Corp.; 1984 Assessment Report 13364). Sampling and drill intercepts reported from the property include: North Sterling Property: Historic Mineral Occurrences* Gold assay values calculated to grams/tonne from historic quoted ounces/ton (I.0 oz/ton =...