Business
Corcel Exploration Announces Acquisition of Willow Property in British Columbia
Kelowna, British Columbia--(Newsfile Corp. - June 24, 2024) - Corcel Exploration Inc. (CSE: CRCL) ("Corcel" or the "Company") is pleased to announce that it has
About this update from Corcel Exploration, Inc.
[{"type":"text","content":" Kelowna, British Columbia--(Newsfile Corp. - June 24, 2024) - Corcel Exploration Inc. (CSE: CRCL) (\"Corcel\" or the \"Company\") is pleased to announce that it has acquired the Willow Copper Property in British Columbia, Canada (\"Willow\" or the \"Property\"). The Property is located in the Omineca Mining Division of north-central British Columbia, approximately 4 kilometres southeast of the Sustut Copper Deposit, now held by Imperial Metals Inc. (see Figure 1 below). Willow consists of a single, fully contiguous claim block totalling approximately 1,160 hectares, and was acquired via direct staking by the Company. Corcel believes in the strategic importance of copper in the global market moving forward and is excited to have secured a significant foothold in this highly prospective region of the province. Figure 1: Willow Property Regional Map Note: See endnote (1) for technical disclosure related to the Sustut Deposit historical resource estimate shown in Figures 1 and 2. The Sustut Copper Deposit (BC MINFILE 094D 063) to the northwest of the Property, discovered in 1971 by Falconbridge Ltd., lies in a similar geological environment to the Property. Willow is underlain by the Upper Triassic Takla Group, which consists of the Savage Mountain Formation overlain by the Moosevale Formation. A major fault in the Willow Creek valley strikes northwest-southeast and cuts through the southern portion of the Sustut claims. Historical rock samples collected from the southeast of the Property returned copper grades of up to 6.28% (see Figure 2 below) (BC MINFILE 094D 082)(2). Figure 2: Willow Property Local Map & Rock Sample Results Note: Historical rock grab sample results for the Willow Property sourced from \"Report on the 1997 Exploration Program on the Willow Property, Omineca Mining Division, British Columbia for Cross Lake Minerals Ltd., J. Miller-Tate (P.Geo) & C. Church (P. Geo), September 15, 1997\"(2). Next Steps The Company and its technical team plan to conduct a detailed review of all historical data available on the Property and surrounding areas in the coming months. Following the review, Corcel will outline any priority fieldwork in support of Willow's advancement. Qualified Person The technical information contained in this news release was reviewed and approved by Case Lewis, P.Geo., who is a Qualified Person...