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Dunnedin Closes Acquisition of the Mohave Copper Porphyry Project in Arizona, USA
Vancouver, British Columbia--(Newsfile Corp. - May 22, 2019) - Dunnedin Ventures Inc. (TSXV: ...
About this update from Kodiak Copper Corp.
[{"type":"text","content":"Dunnedin Closes Acquisition of the Mohave Copper Porphyry Project in Arizona, USAVancouver, British Columbia--(Newsfile Corp. - May 22, 2019) - Dunnedin Ventures Inc. (TSXV: DVI) (the \"Company\" or \"Dunnedin\") today announced that it has closed the acquisition of 100% of the Mohave copper-molybdenum-silver porphyry project (\"Mohave\") in Mohave County, Arizona, USA, from Bluestone Resources Inc. (\"Bluestone\"). For details of the transaction see Dunnedin's news release of March 4, 2019.Claudia Tornquist, President of Dunnedin, said, \"We are thrilled to close this acquisition which expands Dunnedin's copper portfolio to three advanced stage porphyry projects in North America. At Mohave we will benefit from the excellent work done by the previous operator Bluestone from whom we inherited a comprehensive suite of high-quality exploration data. In 2011 Bluestone drilled 11 core holes and reported anomalous mineralization over significant intervals in all holes. The work to date strongly indicates that there is a large system of porphyry style Cu-Mo-Ag mineralization present at Mohave and we have a number of promising targets which we intend to follow-up on in the fall, after we complete the summer exploration programs on our Canadian porphyry projects MPD and Trapper.\"Mohave Project SummaryMohave is a 10 km2 property located in the prolific mineral producing Basin and Range Province of Arizona and 33 kilometres west of Freeport McMoran's Bagdad copper porphyry mine. The project is ideally situated just west of Highway 93 which links Las Vegas and Phoenix (Figure 1).Figure 1 - LocationTo view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/3803/44955_dun2.jpgLimited exploration at Mohave to date (26 drill holes since 1960's) clearly indicates the potential to discover a sizeable porphyry style copper-molybdenum-silver (Cu-Mo-Ag) deposit. Historic geological, geochemical and geophysical data shows the project has many hallmarks of a silica-rich calc‐alkalic porphyry system:Cu-Mo-Ag geochemical anomalies and structural controls are associated with Laramide intrusions, analogous to those described at BagdadMultiple and complex Cu-Mo-Ag emplacement is related to lithological and structural events (breccias, hydrothermal veining/stockwork) with younger Mo-Ag and Pb-Zn-Ag overprintsExamples...