Business
International Samuel Exploration Increases Land Position in Golden Triangle to 27,340 Hectares; Acquires Grizzly Porphyry Property
Vancouver, British Columbia--(Newsfile Corp. - September 20, 2017) - International Samuel Exploration Corp. (TSXV: ISS) (FSE: RCF1) (OTC: ISSFF) ("International
About this update from Copaur Minerals Inc.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - September 20, 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 option agreement to acquire 100% of the Grizzly Porphyry Property (\"Grizzly Property\") which is 2,652 hectares located in the northwestern part of British Columbia's Golden Triangle. The Grizzly Porphyry Property is among the same geological trend as Evrim Resources' Ball Creek property, 88 Capital's Hank Property, Colorado Resources' North Rok properties, Skeena Resources GJ property, GT Gold's Tatogga property, and Imperial Metals' Red Chris mine. According to the British Columbia Ministry of Mines database, the Grizzly mineralization is traceable for 250 metres over a width of about 15 metres, consisting of 2-5% disseminated chalcopyrite with 1 to 3% disseminated and fracture fill pyrite. Grab samples assayed up to 5.9% copper and 13.1 g/t gold. In addition, several boulders in the glacial moraine 4 kilometres north gave elevated gold, silver, and copper, including one with 4.5 g/t gold, 74.6 ppm silver and 0.9% copper. The mineralization is associated with a 050° structure on the northwest side of Grizzly Creek, and its associated alteration zone has been traced for 390 metres along strike. Historical trenching averaged 0.87% copper and 1.51 g/t gold across 20 metres. A historical IP survey showed a distinct chargeability anomaly up to 50 metres wide and 300 meters in length. Figure 1. International Samuel Exploration acquires the Grizzly Porphyry Project bringing its total land package to 27,340 hectares all within the Golden Triangle, BC 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 Gold), 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 (Imperial Metals), the recent discovery announced by GT Gold of significant gold mineralization associated with gold-in-soil anomalies at the Saddle zone and a resurgence of exploration activity, has re-established the Golden Tr...