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CopperBank and Aleut Corporation Continue to Work Together to Develop San Diego Bay Prospect
VANCOUVER, BC / ACCESSWIRE / June 22, 2016 / CopperBank Resources Corp. ("CopperBank") (CSE:...
About this update from Faraday Copper Corp
[{"type":"text","content":"CopperBank and Aleut Corporation Continue to Work Together to Develop San Diego Bay ProspectVANCOUVER, BC / ACCESSWIRE / June 22, 2016 / CopperBank Resources Corp. (\"CopperBank\") (CSE: CBK) is pleased to update on the progress at their Alaska portfolio of projects, and specifically their San Diego Bay copper-gold-molybdenum porphyry prospect. CopperBank has an area 15 kilometres by 8 kilometres, under option agreement with the Aleut Native Corporation. To date 7,486 metres have been drilled on the Pyramid project area establishing a maiden inferred resource (see Report filed on Sedar, dated June 21, 2013). There has been no historical drilling, and limited filed work at San Diego Bay, 7 kilometres East of Pyramid. View www.copperbankcorp.com for detailed information and maps.\nImage: https://www.accesswire.com/uploads/Copperbank%206-22%201.jpg\nTo further interest in the opportunity at Pyramid and San Diego Bay, CopperBank is working closely with the Aleut Corporation to educate potential partners as to the geological and commercial potential in southeast Alaska, and specifically the advantages associated with opportunities on Aleut Corporation lands including CopperBank's concession grounds. For more information on the Aleut Corporation, visit their website at www.aleutcorp.com.\nThe San Diego Bay prospect is typified by an extensive 40 square kilometre area of gossan, strong hydrothermal alteration and intrusive rocks, consistent with porphyry systems such as the adjacent Pyramid deposit. All porphyry alteration facies have been observed, including zones of potassic, advanced argillic, phyllic and pyrite zones; previous landsat imagery has identified widespread zones of high-temperature clay alteration. Strongly anomalous precious and base metal values were collected by previous operators; an important consideration for exploration is that the adjacent Pyramid deposit hosts a leach cap of 10 to 100 meters in thickness, and underlain by a supergene enrichment blanket. Cobbles of copper oxide mineralization have been identified by local, Aleut shareholders on beaches adjacent to the alteration zone. Interpretations suggest that San Diego Bay may represent overlapping hydrothermal systems, including potential lithocaps. San Diego Bay represents a Tier-1 sized porphyry target with an excellent location.\nImage: https://www.acces...