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Canyon Copper Drilling Underway at Bootleg Lake
Drilling now underway on Bootleg Lake project First Drill Hole complete with logging and sampling underway Planned 4 to 6 drill hole program totaling 1,500 to 2
About this update from Searchlight Resources Inc.
[{"type":"text","content":" Drilling now underway on Bootleg Lake project First Drill Hole complete with logging and sampling underway Planned 4 to 6 drill hole program totaling 1,500 to 2,000 metres Vancouver, British Columbia (FSCwire) - Canyon Copper Corp. (\"Canyon\") (TSX-V: CNC) is pleased to announce that the Company commenced the planned diamond drilling program on Canyon’s Bootleg Lake project on February 19, 2018. The Bootleg Lake project is located near Creighton, Saskatchewan, Canada, five kilometres southwest of the city of Flin Flon, Manitoba. On February 9, 2018, Canyon was granted a Surface Exploration Permit by the Saskatchewan Ministry of the Environment, which approved the Company’s plan to drill the Rio and Newcor target areas. On February 15, the drill was mobilized to the site. After clearing the access road and site preparation, drilling began on February 19. The first drill hole was completed on February 25 ending at 337 metres. Core logging and sampling is underway. The drilling program of 1,500 to 2,000 metres of NQ diamond drilling is being carried out by Minotaur Drilling of Warman, Saskatchewan. Minotaur Drilling has experience on the Bootleg Lake property, drilling for New Moon Minerals in 2013. Drill logging and sampling is being supervised by Anthony Spooner P.Geo. of Flin Flon, Manitoba. The drilling is planned to target two high priority targets on the Bootleg Lake project, the past producing Newcor and Rio gold mines. The exploration plan is to test historical data, expand the zones of known mineralization and obtain precise geological information. Stephen Wallace, President and CEO of Canyon stated, “Canyon Copper is enthusiastic to begin the drill testing of the past producing Rio and Newcor Gold Mines, where historical estimates by Vista Mines indicated high grade gold.” The historic estimates by Vista Mines are shown below. Historical Estimates of Bootleg Lake deposits Deposit Category Tons Tonnes Oz/ton Grams/tonne reported calculated reported calculated Bootleg (Rio) Reserves 183,871 166,800 0.35 12.0 Henning Maloney Proven 15,000 13,600 0.45 15.4 Possible 43,000 39,000 0.16 to 0.32 5.5 to 11.0 Newcor Proven 42,500 38,600 0.31 10.6 Probable 156,000 141,500 0...