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CopperBank Starts Exploration Work on Its San Diego Bay Project, Alaska
VANCOUVER, BC / ACCESSWIRE / August 21, 2017 / CopperBank Resources Corp. ("CopperBank" or t...
About this update from Faraday Copper Corp
[{"type":"text","content":"CopperBank Starts Exploration Work on Its San Diego Bay Project, AlaskaVANCOUVER, BC / ACCESSWIRE / August 21, 2017 / CopperBank Resources Corp. (\"CopperBank\" or the \"Company\") (OTC PINK: CPPKF) (CSE: CBK) is pleased to announce that it will initiate a selective reconnaissance work program at its San Diego Bay prospect, located 10 kilometres west of the Pyramid copper deposit, on the Alaskan Peninsula under the terms of an exploration agreement with The Aleut Corporation.\nThe program will consist mainly of prospecting and soil sampling over areas presenting historical anomalous copper and gold values. This program will enable our team to verify the presence of copper and gold mineralization and help prioritize future exploration work on this extensive prospective region. Historical copper grades reaching 4.3 % and 16% Cu and several gold values over 1 g/t are reported in rock samples of the selected areas. A location map of the proposed program can be found on the company website and can be accessed by the following link: http://copperbankcorp.com/alaska-projects/san-diego-bay. A representative of SRK Consulting (Canada) Inc. (\"SRK\") was part of a recent site visit to the project to initiate a 43-101 technical report for the San Diego Bay prospect once this work program is complete.\nGianni Kovacevic, CopperBank Executive Chairman, comments, \"The vast colour anomaly over the area is impressive and has never been tested at depth. The proposed program will help orient future exploration work. Subject to results, we aim to have a more robust program at San Diego Bay for the 2018 season.\"\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 40 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 ...