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Metallurgy
The extraction method utilizes a molten salt reaction with subsequent electrolysis in a single metal container. The metallurgical analyses will determine whether samples from Jupiter will separate and plate. Initial testing will also determine appropriate comminution size using 3 different crushed material sizes. The testing will utilize original samples from Jupiter without upgrading beyond basic crushing to determine whether the material is amenable to direct extraction of copper.
Project Highlights
Property size of 4,000 Hectares
Targets 1 2 host copper in proximity to historic workings and mine developments and historical geochemical grades in excess of 2% Cu per tonne (Petragaia 2021)Target 1 has evidence of copper mineralization in a corridor of 3 x 2 kms.
Airborne MAG shows that mineralization is consistent with low mag, indicating several untested areas.
The abundant microdioritic dykes are interpreted to be feeders of high-grade copper mineralization in both gabbro and andesites.
Numerous targets are interpreted to be present in proximity to contact zones of mafic intrusives and La Negra Fm volcanics – favourable for hosting hydrothermal solutions rich in copper.
The main alteration associated with Cu mineralization is albite – epidote – magnetite.
Mineralization is observed as disseminations and in quartz-albite-epidote veins in fractures as oxide Cu (atacamite – chrysocolla – malachite black oxides).
Project Description
The Jupiter project is accessible by paved road 90kms south of
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Fig. 5 - Chile Coastal Belt
Jupiter Copper Acquisition
As previously announced, the Company has entered into a binding letter of intent to acquire (the “Transaction”) the Jupiter project. TheTransaction constitutes a fundamental acquisition for theCompany, under the policies of theTSX Venture Exchange, on the basis that theCompany intends to devote the majority of its capital to theTransaction and development of theJupiterproject.
Closing of theTransaction remains subject to a number of conditions, including completion of due diligence on theJupiterproject, negotiation of definitive documentation, completion of the consolidation, completion ofaconcurrent financing, completion of a geological report in respect of theJupiterproject, the approval of theTSX Venture Exchange and the satisfaction of other closing conditions customary in transactions of this nature. TheTransaction cannot close until the required approvals are obtained and the outstanding conditions satisfied. There can be no assurance that theTransaction will be completed as proposed or at all.
For further information concerning the Transaction, readers are encouraged to review the news release issued by the Company on
Qualified Person
On behalf of the Board of Directors,
President/CEO
877 704 1119
info@copper-x.com
copper-x.com
The
This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the intended development of the Project, and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statementsand information other than as required by applicable laws, rules and regulations.
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