Exploration Highlights
12 diamond drill holes, totalling 2,639 metres ('m'), completed to date during 2022
A new mineralization style intercepted, which is comparable to that at the
Assay results received for five drill holes. Results include: o 4.15m @ 2.28% Cu eq (1.29% Cu & 0.13% Co & 0.09% Ni) from 113.5m o 5.80m @ 2.41% Cu eq (1.86% Cu & 0.07% Co & 0.02% Ni) from 119.2m o 7.3m @ 0.79% Cu eq (0.58% Cu and 0.02% Co & 0.02% Ni) from 149.0m
Overview
During the 2022 Solwezi field season,
Targets Tested and Results
Mitu Trend
The Mitu Trend targets were developed based on the interpretation of airborne magnetic data which highlighted a corridor of intense deformation, about 8 - 10 kilometres wide, that includes numerous northeast-trending structures which are also key to mineralization at the
Five widely spaced diamond drill holes were completed on the Mitu Trend targeting northeast-trending mineralization settings at two localities within the wider Mitu Trend (Figure 1).
Drill holes MTDD-044 and MTDD-045 are located approximately 500 metres apart and intersected structurally controlled Cu-Co mineralization (Figure 1 & 2) including:
4.15m @ 2.28% Cu eq (1.29% Cu & 0.13% Co & 0.09% Ni) from 113.5m, in MTDD-044
5.80m @ 2.41% Cu eq (1.86% Cu & 0.07% Co & 0.02% Ni) from 119.2m, in MTDD-044
7.30m @ 0.79% Cu eq (0.58% Cu & 0.02% Co & 0.02% Ni) from 149.0m, in MTDD-045
Holes drilled to test the continuity of the historic intercept in hole MDD-17-15 which measured 4.23% CuEq over 11.6m (see the Company's news release dated
An initial drill program consisting of several drill traverses to test for mineralization as well as determining the rock succession in the contact zones is underway at the
Contact:
President & CEO
Tel: +1 604 351 8850
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE
This news release includes certain statements that may be deemed 'forward-looking statements.' All statements in this release, other than statements of historical facts, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include, changes in market conditions, unsuccessful exploration results, changes in commodity prices, unanticipated changes in key management personnel and general economic conditions. Mining exploration and development is an inherently risky business. Accordingly, the actual events may differ materially from those projected in the forward-looking statements. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.
(C) 2022 Electronic News Publishing, source