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District Copper Begins Surface Exploration at Stony Lake East Gold Project
VANCOUVER, British Columbia, May 08, 2019 (GLOBE NEWSWIRE) -- District Copper Corp. (“District Copper” or the “Company”) (TSX-Venture: DCOP) is pleased to annou
About this update from District Copper Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, May 08, 2019 (GLOBE NEWSWIRE) -- District Copper Corp. (“District Copper” or the “Company”) (TSX-Venture: DCOP) is pleased to announce commencing the first phase of the summer exploration program on its 100% owned Stony Lake East gold project, located in central Newfoundland, Canada. Highlights: Mapping, sampling, and prospecting has commenced on the Rabbit Tracks gold target utilizing 3 two-man (geologist and prospector) teams. Early results from the work completed at the Rabbit Tracks target indicate epithermal style alteration and mineralization. MPX Geophysics Ltd. has been selected to complete the combined airborne high sensitivity aeromagnetic and electromagnetic survey over the property around the end of June. “We are pleased to start exploring our Stony Lake East project,” comments District Copper President & CEO, Jevin Werbes. “It’s exciting to obtain a large property hosting at least 6 significant exploration targets along the prolific Cape Ray-Valentine Lake structural zone, contiguous to the Sokoman Moosehead discovery. We look forward to the results of the current detailed mapping and sampling program which will be combined with data from the airborne survey to develop potential drill targets.” About the Stony Lake East Project District’s Stony Lake East project is centrally located within the Cape Ray/Valentine Lake structural trend in Central Newfoundland - Canada’s newest emerging orogenic gold district and is contiguous to and covers the southwest extension of the Silurian age rocks. This trend hosts a number of recent high-grade gold discoveries including Sokoman Iron Corporation’s (“Sokoman”) Moosehead discovery, Marathon’s Valentine Lake gold camp, and Antler Gold’s recently discovered high-grade Wilding Lake gold zones. Sokoman has reported a number of high-grade intersections of gold mineralization from their Moosehead project as recently as April 2019 including DDH MH-19-62 that averaged 33.6 g Au/t over 4.8 m (see Sokoman news release April 16, 2019). The Stony Lake East project covers 27 kilometers of strike length of this favourable trend between Sokoman’s Moosehead discovery to the northeast and the Wilding Lake, etc. zones to the southwest. Early stage exploration has identified six large exploration targets on the Stony Lake East project that exhibit a combinat...