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District Copper Announces Results of Airborne Survey on Copper Keg Property
Vancouver, British Columbia--(Newsfile Corp. - March 29, 2022) - District Copper Corp. (TSXV: ...
About this update from District Copper Corp.
[{"type":"text","content":"District Copper Announces Results of Airborne Survey on Copper Keg PropertyVancouver, British Columbia--(Newsfile Corp. - March 29, 2022) - District Copper Corp. (TSXV: DCOP) (\"District Copper\", \"District\", or the \"Company\") is pleased announce the results and interpretation of a high-resolution helicopter-borne magnetic and radiometric survey flown over its Copper Keg porphyry copper project located approximately 55 kms west of Kamloops British Columbia. The property covers approximately 3,272 ha and is located at the north end of the Guichon Creek batholith. Highlights of the program are:Highlights:The magnetic survey has identified two positive magnetic signatures exhibiting a spatial correlation to the two areas of coincident sporadic copper mineralization and anomalous chargeability (see news release dated March 21, 2022).A 2,000m wide by 3,000m long positive magnetic signature hosted in Nicola Volcanics and Guichon Creek intrusive rocks spans the Barnes Creek fault.The survey has identified a circular magnetic anomaly underlying, the Kamloops Group, the source/cause of which is unknown at this time. The data suggests that the late Kamloops Group is bounded on the north and south by NE trending structures. The positive magnetic signatures are interpreted to be due to the presence of magnetite related to the potassic phase of a porphyry copper system. Magnetic Vector Inversion of the magnetic data is in progress to locate late-stage intrusive bodies exhibiting positive magnetic signatures within the chargeability anomalies in advance of a drilling program. Mr. Jevin Werbes, President and Chief Executive Officer of District Copper, stated, \"The positive magnetic signatures, and chargeability anomalies identified to date show a strong correlation to areas of sporadic copper mineralization and intense argillic alteration that exhibits a spatial association with the regional scale Barnes Creek fault system. These results have better informed our understanding of the copper potential of the project and will be incorporated into the project compilation when results of the Magnetic Vector Inversion are received prior to selecting drill targets.\" Survey SpecificationsThe survey was flown by Precision GeoSurveys Inc. located in Langley B.C., utilizing a 100 m line spacing on a heading of 178°/358°; tie lines were fl...