Business
International Samuel Exploration Corp. Acquires Lucifer Property In B.C. Golden Triangle
Vancouver, BC Canada / August 23, 2017 / JMN Wire - International Samuel Exploration Corp. (TSX-V: ISS) (the “Company”) is pleased to announce that the Company
About this update from Copaur Minerals Inc.
[{"type":"text","content":"Vancouver, BC Canada / August 23, 2017 / JMN Wire - International Samuel Exploration Corp. (TSX-V: ISS) (the “Company”) is pleased to announce that the Company has entered into an option agreement to acquire a 100% interest in a former Noranda Exploration project referred to as the Lucifer Property (comprising 4,588.41 hectares) located in northwestern BC’s Golden Triangle. The property is located in the northeastern part of the Golden Triangle along the same geological trend as Evrim Resources Ball Creek Property, Colorado Resources Hank and North Rok properties, Skeena Resources GJ Property, GT Gold Corp’s Tatogga Property and Imperial Metals Red Chris Mine. According to the BC Ministry of Mines database, previous exploration work by Noranda (1990-1991) identified a 400 meter wide, 1.2 kilometer long, north northeast trending zone of hydrothermal alteration associated with strongly elevated gold concentrations and base metal soil geochemical anomalies (Aris Report No.21091). BC Ministry of Mines Minfile database documents two shallow drill holes completed in 1991 which reportedly intersected 15.1 g/t gold over 1.36 meters and 0.7 g/t gold over 5.70 meters. In addition to the mapped alteration zone and strong soil geochemical anomalies Noranda identified multiple strong “gold in stream” anomalies in the central part of the property which have not been followed up. It is important to note that the Company has not verified the historical exploration results reported for the former Lucifer Property as documented by the BC Ministry of Mines. Since 2005 infrastructure throughout the Golden Triangle has steadily improved and several of the known porphyry copper gold prospects including Red Chris, Galore Creek, and the KSM Project (Seabridge Resources) have either made production decisions or reported positive feasibility studies. The recent production decision for the Brucejack Gold Deposit (Pretium Resources) combined with the commencement of production at Red Chris, the recent discovery announced by GT Gold Corp. of significant gold mineralization associated with “gold in soil” anomalies at the Saddle Zone and a resurgence of exploration activity have re-established the Golden Triangle as one of BC’s most important mining districts. Technical disclosure in this news release has been reviewed and approved by Car...