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Essex Outlines Large Copper-Molydenum Target at Mt Turner, Commences JV-Spinout Discussions
Essex Outlines Large Copper-Molydenum Target at Mt Turner, Commences JV-Spinout Discussio...
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[{"type":"text","content":"\n \n \n \n Essex Outlines Large Copper-Molydenum Target at Mt Turner, Commences JV-Spinout Discussions\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Oct. 26, 2021\n \n /CNW/ -\n \n Essex Minerals Inc.\n \n (the \"Company\") (TSXV: ESX) (OTCQB: ESXMF) (FRA: EWX1) is pleased to announce that preliminary exploration by the Company's technical team has outlined a very large copper-molybdenum (with gold and silver) porphyry target within the Mt Turner project area in north\n \n Queensland, Australia\n \n .\n \n \n \n Highlights\n \n \n \n \n Assay results from 5,517 soil samples has identified a coherent copper in soil anomaly (>100ppm) flanking a molybdenum in soil anomaly (>10ppm) over a 4km x 4km area with discrete gold-silver and lead-zinc anomalies peripheral to the main Cu-Mo anomalism.\n \n \n The copper anomaly is coincident with a curvilinear magnetic low and the molybdenum anomaly is coincident with and flanking a circular magnetic high identified in a regional aeromagnetic survey flown by previous operator Mega Uranium in 2006-7.\n \n \n Peripheral gold-silver anomalism is associated with breccia bodies and veins localised by major faults marginal to the main porphyry centre.\n \n \n The zonation of the soil anomalies coincident with the aeromagnetic features are classic signatures of a large copper-molybdenum porphyry system.\n \n \n Re-logging of drill core from a 1977 Government reconnaissance drilling program has shown that the only drill hole near to the porphyry target ended at\n \n 290m\n \n downhole depth in near ore grade copper and molybdenum (0.187% Cu, 0.075% Mo) and contains alteration and multi-phase mineralisation indicating that the drill hole was terminated well above the main target zone.\n \n \n The Company has entered discussions with an Australian group which has expressed an interest in an option to earn in and acquire the Mt Turner property as the cornerstone project in a critical metals exploration listing on the Australian Stock Exchange.\n \n \n The option and ...