Business
Alpha Copper Okeover Property Granted Permit Extension
VANCOUVER, British Columbia, May 17, 2022 (GLOBE NEWSWIRE) -- Alpha Copper Corp. (CSE: ALCU) (OTC: ALCUF) (“Alpha,” Alpha Copper,” or the “Company”) a resource
About this update from Star Copper Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, May 17, 2022 (GLOBE NEWSWIRE) -- Alpha Copper Corp. (CSE: ALCU) (OTC: ALCUF) (“Alpha,” Alpha Copper,” or the “Company”) a resource sector enterprise founded to create value through mineral exploration, technical development, and asset acquisition is pleased to announce that it has filed and been granted a Permit Extension for its Okeover Copper-Molybdenum Project located in a highly accessible region of coastal British Columbia. The Permit Extension allows the company to proceed with exploration actives on the Okeover Copper-Molybdenum Project through to March 5, 2024. The significance of having a fully permitted project is paramount in driving value to an already exciting project. The Okeover (“Ok”) copper-molybdenum property encompasses 4,613 hectares (11,399 acres) is located 45 minutes by car immediately north of the coastal deep water port City of Powell River, British Columbia. The Okeover property shares several commonalities with deposits held by Island Copper located on Vancouver Island (BHP) and Quartz Hill Moly located on the Alaska Pan Handle (Cominco American Inc., now Teck Resources). Alpha is currently planning for a fall work program at the Okeover property, which is strategically planned to build on the historic resource known as the North Lake Zone. This zone received a 2006 historic resource calculation with an inferred 87 million tonnes grading 0.31% copper and 0.014% MoS2, (Carter N., for Eastfield, filed on Sedar, Nov 17, 2006). Between 1966 and 2008 one hundred and sixteen drill holes (116) totaling 19,000 meters were completed. See Figure 1. In July 2007 results were received for four drill holes of a seven-hole program completed at the Okeover copper-molybdenum property by Eastfield Resources Ltd. and Prophecy Development Corp. The drill holes were designed to expand the current resources of the North Lake Zone. Hole OK-07-04, drilled near the western boundary of the North Lake Zone, intersected an aggregate intercept of 76 metres grading 0.34% copper and 0.020% MoS2, including an intercept of 19 metres grading 0.42% copper and 0.020% MoS2. Hole OK-07-04 was drilled adjacent to and beneath a hole completed in 1972 with much of the mineralized interval, including the higher-grade section, occurring beneath the 1972 hole, which bottomed at a depth of 97 metres. Hole OK-07-02, ...