Business
International Samuel Exploration Acquires Williams Gold/Porphyry Property
Vancouver, British Columbia--(Newsfile Corp. - October 18, 2017) - International Samuel Exploration Corp. (TSXV: ISS) (FSE: RCF1) (OTC: ISSFF) ("International S
About this update from Copaur Minerals Inc.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - October 18, 2017) - International Samuel Exploration Corp. (TSXV: ISS) (FSE: RCF1) (OTC: ISSFF) (\"International Samuel\" or the \"Company\") is pleased to announce it has entered into an agreement to acquire 100% of the Williams Gold Property (\"Williams Property\") which is 5,159 hectares in size and is located 40 km north of the Toodoggone mining camp, British Columbia. The prolific Kemess District, located 70 km south of Williams, includes the Kemess South Mine where Northgate Minerals produced 3 million ounces of gold and 784 million pounds of copper over a 12-year period to 2010 and where the current owner, AuRico Metals recently secured a BC Environmental Assessment Certificate for its Kemess Underground Project and also announced a 628 m intercept grading 0.53 g/t Au and 0.41% Cu at its Kemess East Project. The Williams gold property hosts two large exploration targets, the T-Bill Prospect which is prospective for mesothermal style gold mineralization, and the GIC Porphyry Prospect which is prospective for porphyry copper-gold-molybdenum style mineralization. The T-Bill Prospect contains widespread alteration along with a large 1,200 x 2,300 metre gold in soil anomaly defined by gold greater than 100 ppb. The zone contains gold-rich quartz veins locally with visible gold. Historical drilling within a small portion of the anomaly (300 m x300 m) intercepted 11 separate 2 metre intervals containing more than 12 g/t gold. The best historical drill intersections include 2 metres @ 24.8 g/tonne gold and 2 metres @ 35.0 g/tonne gold. The mineralized veins occur as multiple subparallel vein swarms and could have bulk minable potential in addition to the high-grade underground vein targets. The GIC porphyry prospect is north of the T-Bill prospect and occurs as a 500 x 1,400 metre copper and gold-in-soil geochemical anomaly that partially overlaps a 600 x 1,800 metre zone of high chargeability and moderate to high resistivity. Several Au-bearing rock samples have been taken from within the copper-gold soil geochemical anomaly on the northern edge of the IP anomaly; five samples contained 1280 to 4740 ppb gold, with 84 to 1045 ppm copper. A chip sample from one of the rare outcrops on the southern flank of the IP anomaly returned 2200 ppm copper and 220 ppb gold across 3.73 metres. Th...