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Infinitum Copper Announces the Acquisition of HotBx Project in the Heart of the Prolific Arizona Copper Belt
VANCOUVER, BC / ACCESSWIRE / April 20, 2022 / Infinitum Copper Corp. (TSX.V:INFI) ("Infini...
About this update from Infinitum Copper Corp
[{"type":"text","content":"Infinitum Copper Announces the Acquisition of HotBx Project in the Heart of the Prolific Arizona Copper BeltVANCOUVER, BC / ACCESSWIRE / April 20, 2022 / Infinitum Copper Corp. (TSX.V:INFI) (\"Infinitum\" or the \"Company\") is pleased to announce the acquisition of an option to earn 100% interest in the HotBx project, adjacent to the Christmas Mine and 2 kilometres from ASARCO's Hayden smelter complex, all within Arizona's Copper Belt (see Figure 1). The 1,420 Ha property hosts significant potential for precious metal enriched porphyry copper and copper skarn mineralization.HotBx Highlights:Adjacent to historic Christmas mine (1905 - 1981) with recorded production initially from underground (20.1 Million tons (Mt) @ 1.8% copper (Cu)) and then from open pit (7.6Mt @ 0.63%Cu).The same Paleozoic carbonate host rocks at Christmas mine are present at HotBx, and host several major copper skarns elsewhere in southern Arizona.At HotBx, Laramide-age intrusives cut a thick sequence of Cretaceous volcanic rocks and underlying carbonate host rocks.Historical drilling by Kennecott (seven drill holes) and Phelps Dodge (two drill holes) indicate the presence of intense hydrothermal alteration and high-grade copper mineralization over a wide area at depth.No work has been done on this property since 1981.The western edge of property 2 km from ASARCO's Hayden Smelter that supports the nearby Ray Mine complex (see Figure 2).\"The HotBx property is located in the heart of the Laramide-aged Arizona Copper Belt, one of the most prolific copper producing districts in the world. HotBx has an address that is second to none with well established, world-class copper deposits in all directions from this central location\" stated Steve Robertson, President & CEO of Infinitum Copper. He continued \"The neighboring Christmas Mine was discovered in 1880 and was a very important early producer in this historic district. We hope to explore the possibility that this mineralizing system has more to offer. Ore at Christmas mine was mostly from bedded and massive replacement type ores in the Naco Limestone and the O'Carroll Bed at the base of the Martin Formation. Massive replacement ores are hosted by relatively pure, thick-bedded carbonates of the Escabrosa Limestone. These units are all present under cover at HotBx and we observe the Laramide intrusive swar...