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CopperBank Continues to Intercept Broad Intervals of Significant Copper Mineralization at Pyramid
VANCOUVER, BC / ACCESSWIRE / October 30, 2017 / CopperBank Resources Corp. ("CopperBank" or...
About this update from Faraday Copper Corp
[{"type":"text","content":"CopperBank Continues to Intercept Broad Intervals of Significant Copper Mineralization at Pyramid\nVANCOUVER, BC / ACCESSWIRE / October 30, 2017 / CopperBank Resources Corp. (\"CopperBank\" or the \"Company\") (CSE: CBK) (OTC PINK: CPPKF) is pleased to report results from the fifth and sixth holes from its thirteen diamond drill hole (DDH) summer 2017 program on its 100% controlled Pyramid Copper Project in Alaska. Highlights include:\n\n DDH 17PY035 intersected a total of 251 meters at a weighted average grade of 0.41% copper over two intervals; a near surface intercept of 137 meters of 0.45% copper (0.60% CuEq), and a second interval of 114 meters of 0.37 % copper (0.45% CuEq).\n \n DDH 17PY036 intersected 179.5 meters of 0.37% copper (0.52 % CuEq), confirming the continuity and width of the North Zone.\n \n As previously observed, no deleterious chemical elements such as arsenic, antimony, or selenium are present in significant levels.\n\nThe 2017 drilling program, comprising 3,690 meters in thirteen diamond drill holes, was designed to verify the extensions of known mineralization within the deposit and to validate the existing block model established by the historical resource estimate (SRK, June 2013). Detailed maps and cross sections can be found here. Previous diamond drill holes were reported in press releases dated October 5 and 23, 2017.\nCopperBank Executive Chairman, Gianni Kovacevic, commented, \"We're very pleased with the ongoing drilling success at Pyramid, as we continue to intersect broad intervals of copper mineralization. Importantly, numerous high-grade intercepts received to date from the 2017 program fall outside of the historical resource envelope, which should help further our goal of expanding upon the historic resource estimate at Pyramid. Six holes have now been reported, representing phase one of our 2017 drilling program, and we look forward to reporting the results of our final seven holes that test open areas in the Central and West Zones in due course.\"\nDrill Hole 17PY035:\nLocated in the Main Zone, DDH 17PY035 was drilled to a depth of 349.9 meters and confirmed the existence of significant copper mineralization associated with the main quartz diorite porphyry intrusion as reported in DDH 11PY016 located 108 meters to the West. Two significant intervals of mineralization were intersected, sep...