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CopperBank Obtains Technical Report For San Diego Bay Project in Alaska
VANCOUVER, BC / ACCESSWIRE / February 26, 2018 / CopperBank Resources Corp. (''CopperBank''...
About this update from Faraday Copper Corp
[{"type":"text","content":"CopperBank Obtains Technical Report For San Diego Bay Project in AlaskaVANCOUVER, BC / ACCESSWIRE / February 26, 2018 / CopperBank Resources Corp. (''CopperBank'' or the ''Company'') (CNSX: CBK, OTC PINK: CPPKF, FSE: 9CP) is pleased to announce that SRK Consulting (''SRK''), an independent consulting firm, has delivered a NI 43-101 compliant report for the Company's 100% controlled San Diego Bay Project, located on the Alaska Peninsula.\nGianni Kovacevic, CopperBank Executive Chairman, comments, ''The San Diego Bay Project is an exciting new opportunity for our stakeholders. This maiden 43-101 compliant technical report establishes the Project as a stand-alone asset and is complementary to our portfolio. Our entire team is looking forward to next steps on the Project.''\nSRK recommends pursuing exploration activities on the San Diego Bay Project, specifically trenching, mapping, geochemistry over areas marked by hydrothermal activity. The 43-101 report can be found on SEDAR and on the company website. A magnetic survey over the entire property is also contemplated to identify deep structures and the presence of intrusions under cover.\nAbout San Diego Bay\nThe San Diego Bay Prospect is located on private property and is a joint venture on a 100% basis between CopperBank and the Aleut Corporation, an Alaska Native corporation controlling the subsurface mineral rights. The San Diego Bay prospect is typified by an extensive 17 square-kilometer area of strong hydrothermal alteration and intrusive rocks, consistent with an alteration halo over a porphyry system such as the adjacent Pyramid deposit, also controlled by CopperBank. All porphyry alteration facies have been described, including zones of potassic, advanced argillic and phyllic zones; a previous satellite imagery interpretation has identified widespread zones of high-temperature clay alteration. Strongly anomalous precious and base metal values were collected by previous operators in various areas. A short visit in August has allowed the Company to verify punctually the lithologies and alteration reported historically. Interpretation suggests that San Diego Bay may represent a long lived thriving hydrothermal system.\nBrigitte Dejou, P.Eng. and Qualified Person as defined by NI 43-101, has reviewed and approved the technical information in this release.\nCopperBank is a Can...