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CopperBank Re-confirms New Targets at the Company's Contact Copper Project, Nevada

VANCOUVER, BC / ACCESSWIRE / June 7, 2016 / CopperBank Resources Corp. ("CopperBank") (CSE: ...

articleFaraday Copper CorpJune 7, 20163/company/faraday-copper/news/copperbank-re-confirms-new-targets-at-the-companys-contact-copper-project-nevada
CopperBank Re-confirms New Targets at the Company's Contact Copper Project, Nevada

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[{"type":"text","content":"CopperBank Re-confirms New Targets at the Company's Contact Copper Project, NevadaVANCOUVER, BC / ACCESSWIRE / June 7, 2016 / CopperBank Resources Corp. (\"CopperBank\") (CSE: CBK) is pleased to re-release results from a surface sampling program at the Company's 100%-owned Contact Copper Project in northeast Nevada. These results were initially released on August 27, 2012 by Enexco International (\"Enexco\"), the predecessor company that owned the Contact Copper Project, and are being re-released as part of a corporate update on the joint venture opportunities within CopperBank's current portfolio of properties.\nHigh-grade copper assays were returned from a suite of 28 rock chip samples taken at the Copper Ridge prospect, located one mile (1.6 km) southwest of the main Contact Copper Deposit resource area, on which a Pre-Feasibility Study (\"PFS\") was completed by Enexco in 2013. This 2012 surface sampling program returned grades of up to 12.4% copper in grab samples, from outcrops with visible copper oxide mineralization within quartz monzonite host rock. Samples were collected in an area of claims that were acquired in 2011 by predecessor company Enexco. Grab samples were collected from an approximately 8,000 by 2,000 foot area (2,500 by 600 m). This area has never been drill tested and previous activity is limited to shallow, historic prospect pits.\nThe purpose of the sampling program was to determine if additional geologic work was warranted to identify drill targets in the area. The results confirmed previous sample results and warrants follow-up work to identify near-surface, copper oxide material that could compliment the Contact Deposit Resource.\nSelect grab samples range from trace to 12.4% copper. Highlights include:\nCopper Ridge Prospect Samples\n\n\n \n \n \n \n \n Sample No.\n \n \n \n \n \n \n Sample Type\n \n \n \n \n \n \n % Copper\n \n \n \n \n \n \n \n \n 51705\n \n \n \n \n \n \n outcrop\n \n \n \n \n \n \n 2.94\n \n \n \n \n \n \n \n \n 51706\n \n \n \n \n \n \n outcrop\n \n \n \n \n \n \n 0.84\n \n \n \n \n \n \n \n \n 51707\n \n \n \n \n \n \n outcrop\n \n \n \n \n \n \n 3.05\n \n \n \n \n \n \n \n \n 51709\n \n \n \n \n \n \n outcrop\n \n \n \n \n \n \n 0.64\n \n \n \n \n \n \n \n \n 51710\n \n \n \n \n \n \n outcrop\n \n \n \n \n \n \n 1.24\n \n \n \n \n \n \n \n \n 51711\n \n \n \n \n \n \n outcrop\...

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