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District Copper’s Airborne Survey Outlines Multiple Targets for 2020 Exploration
VANCOUVER, British Columbia, Jan. 16, 2020 (GLOBE NEWSWIRE) -- District Copper Corp. (“District Copper” or the “Company”) (TSX-Venture: DCOP) is pleased to anno
About this update from District Copper Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Jan. 16, 2020 (GLOBE NEWSWIRE) -- District Copper Corp. (“District Copper” or the “Company”) (TSX-Venture: DCOP) is pleased to announce compilation results of the 2019 field program and airborne geophysical survey completed on its 100% owned Stony Lake gold project located within the Cape Ray/Valentine Lake structural trend in Central Newfoundland; Canada’s newest emerging orogenic gold district. Historical exploration on the Stony Lake project prior to 2019 located multiple, extensive gold geochemical anomalies and 18 gold occurrences in bedrock to sub-outcrop zones. Results of the historical exploration is summarized in a National Instrument 43-101 Technical Report entitled “Compilation of Historical Geological, Geochemical and Geophysical Exploration Work Carried Out Over the Stony Lake East Epithermal Gold Project Grand Falls-Bishops Falls Area, Central Newfoundland\" Prepared For: District Copper Corp. prepared By: Larry Pilgrim, P. Geo as Qualified Person with an Effective Date: of September 18, 2018 Highlights: Interpretation of the airborne survey data suggests the Cape Ray/Valentine Lake structural trend occurs in a 2-3 kms wide corridor (see news release dated August 7, 2019) along the entire western side of the project area. All areas of anomalous to low grade gold mineralization located within this corridor in 2019 show a positive correlation to three regional scale NE trending interpreted fault zones. The mineralized areas outlined in 2019 in the vicinity of the Rabbit Tracks target exhibits a positive correlation to an interpreted circular ring structure. In the Peddles-Gaters-Twin Pond areas in the south-central portion of the property the gold mineralization located prior to 2019 and during the 2019 field season exhibit a positive correlation with a regional scale NE trending linear positive magnetic feature. The airborne survey indicates that the historical exploration completed on the Flyers Grid zone is located on a NE trending interpreted fault zone that extends onto the Sokoman project to the northeast. The airborne survey has identified areas where the surface traces of interpreted fault zones are covered by glacial overburden for follow-up exploration District Copper President & CEO, Jevin Werbes comments, “The airborne survey has provided greater definition to...