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CopperBank Mobilizes for Field Studies and Project Review at Copper Creek
VANCOUVER, BC / ACCESSWIRE / January 20, 2021 / CopperBank Resources Corp. ("CopperBank" o...
About this update from Faraday Copper Corp
[{"type":"text","content":"CopperBank Mobilizes for Field Studies and Project Review at Copper CreekVANCOUVER, BC / ACCESSWIRE / January 20, 2021 / CopperBank Resources Corp. (\"CopperBank\" or the \"Company\") (CSE:CBK) announces that it is mobilizing members of its technical team for a multi-week review at its 100% owned, sixteen square mile Copper Creek Project, located in Arizona's \"Copper Corridor\" in southeast Pinal County. CopperBank management is executing a multi-phase development strategy for the project with the nucleus of the phase-one plan intended to merge, update, and expand historical exploration proposals with results from the upcoming review.An historical 43-101 compliant resource was completed by Independent Mining Consultants (IMC) of Tucson, Arizona and was published by the previous operator, Redhawk Copper, on May 10, 2012. CopperBank does not consider this historical resource estimation to be current. Upon completion of the initial phases of the work programs, CopperBank intends to verify the historical 2012 resource by engaging an independent examiner and fulfill the National Instrument 43-101 requirements to update the project.CopperBank CEO, Gianni Kovacevic comments; \"Copper Creek is one of the largest undeveloped copper porphyry projects in the world. The basis of this press release is so that both investors and technical groups can become acclimated to the established parameters of the project, and more importantly, to give guidance as to the numerous areas where the project can be enhanced.\"The upcoming field studies are intended to culminate in generating 15-20 conceptual drill holes with an objective to verify and expand historical resources that remain open in all directions. CopperBank's team will incorporate the historical leapfrog model and geophysics and reprocess previous airborne ZTEM and magnetic surveys using independent specialists to enhance and define drill specific targeting.Collectively, the above-mentioned work programs and potential exploration drilling are anticipated to result in an updated mineral resource estimation in the future.Targeting for future drill programs will be designated by:District Greenfields targets focused on near-surface mineralization, specifically areas with hydrothermal breccia bodies and strong hydrothermal alteration and veining as in the RUM, Bluebird, East Creek and Holly are...