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District Provides Update on Copper Keg Project, Kamloops Mining District
Vancouver, British Columbia--(Newsfile Corp. - April 9, 2021) - District Copper Corp. (TSXV: D...
About this update from District Copper Corp.
[{"type":"text","content":"District Provides Update on Copper Keg Project, Kamloops Mining DistrictVancouver, British Columbia--(Newsfile Corp. - April 9, 2021) - District Copper Corp. (TSXV: DCOP) (\"District Copper\" or the \"Company\") is pleased to provide this update on progress at the Company's Copper Keg project, located in the Kamloops Mining District, central BC. The acquisition reported by the Company on February 9, 2021 included 11 claims covering an area of 1329 hectares. The Company has since acquired, by staking, two additional claims bringing the total area of the property to 1759 ha.The company is now moving ahead with plans for an initial exploration program. A geological crew will be mobilized to the property in early May to complete prospecting and mapping coverage of the entire claim block. This will be followed by a deep penetrating Induced Polarization (IP) survey. A Notice of Work for this survey has been filed with the BC Ministry of Energy, Mines and Petroleum Resources for the IP program.District Copper President & CEO, Jevin Werbes comments, \"Adding to our land package on this highly prospective property substantially improves our coverage of the target area. The upcoming field program is designed to expedite a thorough assessment the potential of the property.\" About the Copper Keg Property:District Copper can acquire a 100% right, title and interest in and to the Property for an aggregate payment of $105,000, the issuance of 7,500,000 fully paid and non-assessable shares and expenditures of no less than $200,000 on the property (see Company release dated February 9, 2021 for details). The agreement has been accepted for filing by the TSX Venture Exchange.The property is underlain by Kamloops sediments, Nicola Group volcanics and intrusive phases of the Guichon Creek Batholith. These rocks have been intruded by several phases of late-stage quartz feldspar porphyry and mafic dikes. The Nicola Group volcanics are reported to be in fault contact with the Guichon Creek batholith, although there are indications from historic assessment reports that an intrusive contact is also a possibility. The central portion of the Guichon Creek Batholith hosts the large porphyry copper deposit located in the Highland Valley currently being mined by Teck Resources Limited. This property is located at the northern boundary of the Guichon Cre...