Business
Site Visit Assay Results to 7% Copper
TORONTO, ON / ACCESSWIRE / July 24, 2024 / IC CAPITALIGHT CORP. (the "Company" or "Capitalight")...
About this update from Cupani Metals Corp.
[{"type":"text","content":"Site Visit Assay Results to 7% CopperTORONTO, ON / ACCESSWIRE / July 24, 2024 / IC CAPITALIGHT CORP. (the \"Company\" or \"Capitalight\") (CSE:IC), is pleased to announce final results from a late May 2024 site visit to our Blue Lake Cu Ni Pt Pd property, located 65km northeast of Schefferville, Quebec. The purpose of the visit, conducted by two IC Directors and two consulting geologists, was to complete necessary claims assessment work.ASSAY RESULTSMike Muggridge. P.Geo (NL), based on the assay results from 72 grab samples of rusty boulders, outcrop, massive sulfide mineralization from multiple widespread showings, and from the Blue Lake Adit stockpile, noted the following:A random grab of semi-massive sulfides found at the Blue Lake adit stockpile graded 7.67% Cu, 0.11% Ni, 1,890 ppb Pd, 237 ppb Pt (2.13 g/t Pt+Pd), 8.4% S, 74 ppb Au.Pt-Pd values are strongly correlated with Cu-Ni-S and often Au. Of the 72 samples, 48 exceeded 100 ppb Pt+Pd (combined) indicating widespread anomalous PGE values.16 of these 48 were from outcrops on various showings / deposits around the property (see Figure 1 below). The Nancy Lake South showing yielded the best sample result at 292 ppb Pt+Pd (238 Pd, 54 Pt), 13 ppb Au, 0.21% Cu, 0.18% Ni, 6.4% S. Mineralized ultramafic ‘sill' outcrops were easily traced over > 200m strike lengths.Sample results from showings at Berry Lake and NW Syncline Nose were close 2nd and 3rd ranked: 229 and 212 ppb Pt+Pd respectively.Average results for various metals in 27 grab samples of outcropping ‘non-sediments', were 94 ppb Pd, 35 ppb Pt, (129 ppb Pt+Pd), 756 ppm Cu, 1397 ppm Ni, 4.0% S, 7.9 ppb Au.On average, the results for various metals in 34 samples of ‘non-sediment' ‘rusty' boulders were marginally higher than in the outcrop samples, as follows: 115 ppb Pd, 35 ppb Pt, (150 ppb Pt+Pd), 991 ppm Cu, 1198 ppm Ni, 4.3% S, and 7.1 ppb Au. Bedrock sources of most of the sampled boulders are considered to be close to the sample site.OUTREACHPrior to departing for the project, the company reached out to local communities of the Schefferville region. An initial meeting occurred between the company and the Mining Liaison Officer for the Naskapi Nation of Kawawachikamach. This meeting is first of many to be held as the community consultation, community outreach, project planning, and work p...