Business
Colossus Resources Commences Field Geological Program at Master Copper Project, Ontario, Canada
Vancouver, British Columbia--(Newsfile Corp. - September 6, 2022) - Colossus Resources Corp. ...
About this update from Colossus Resources Corp.
[{"type":"text","content":"Colossus Resources Commences Field Geological Program at Master Copper Project, Ontario, CanadaVancouver, British Columbia--(Newsfile Corp. - September 6, 2022) - Colossus Resources Corp. (TSXV: CLUS) (\"Colossus\" or the \"Company\") is pleased to announce that following a successful listing on the TSX Venture Exchange (\"TSX-V\") and the subsequent commencement of trading on August 4, 2022, the Company has just commenced its inaugural geological field program on its 100% controlled Master Copper Project (\"Master Copper\" or the \"Project\"). The Master Copper Property is located 38 km west of Elliot Lake and approximately 90 km east of Sault Ste. Marie in the Algoma District of Northern Ontario and consists of 15 mining claims. The property is accessible via a series of all-weather roads and ATV trails. The Property covers an area of approximately 1,143 hectares.On Project details, one can refer to the compliant NI 43-101 Technical Report with an effective date of November 18, 2021 and the title \"NI 43-101 Technical Report on the Master Copper Property, Algoma, Ontario for Colossus Resources Inc.\", which can be found at www.Sedar.com.Highlights of the Current Exploration ProgramDetailed review of all available historic data to clearly identify past work locations, historic sample points when possible, DDH collar locations etc.A field prospecting, mapping and sampling program to cover the entire property. Coverage by systematic traverses along virtual grid lines. Particular attention will be paid to the examining obvious outcrop and searching for extensions to mineralized veins previously identified and searching for strike extensions of these veins systems.A three-man crew comprised of experienced geologists, inclusive of a P.Geo., will carry out this program. Geological services will be provided by Minroc Management Services (\"Minroc\") of Ontario, familiar with and successful at \"grass roots prospecting\".Sampling of mineralized outcrops to be completed as necessary. The Company has budgeted for up to 400 samples to be taken for analytical sampling. Channel sampling will be carried out where feasible with an aim of sampling the entire width of veins and into the surrounding host rock on each side.A drone will be used in the field with the crew to investigate access, identify outcrop and to capture visuals of c...