Coast Copper Completes Historical Compilation, Conducts Field Programs and Consolidates Copper Kettle Property, Island Copper Belt Northern Vancouver Island
TSX.V: COCO
Highlights in this News Release include:
-
The NW Zone is part of the Island Copper cluster of mineral deposits as noted by BHP geologists, -
Significant mineralization over a large area in historical drilling has outlined a porphyry Cu-Mo system (
NW Zone ) over a strike length of 1,800 meters ("m") associated with a magnetic anomaly, - Highlights from previous drilling includes 277.4 m assaying 0.20% Cu and 0.018% Mo in hole E-64, 91.5 m assaying 0.57% Cu and 0.017% Mo in hole E-69 and 88.4 m assaying 0.38% Cu and 0.029% Mo in hole W-6, 9 of these 17 drillholes ended in copper mineralization,
-
Room for expansion of mineralization at depth and along strike: compilation and initial fieldwork conducted by
Coast Copper indicates potential to extend mineralization not only at depth below the historical drillholes but onto ground that BHP did not control at the time, - Compilation of surface geochemical data and recent sampling results show that glacial till masks the underlying mineralization noted in drilling, but sampling in areas where outcrop is not masked by tills has returned results greater than 200 parts per million ("ppm") Cu in soils and up to 1,800 ppm Cu in historical soil samples and many rock grab samples taken by
Coast Copper in the 2% Cu range up to 5 km northwest of theNW Zone , - Discovered a new multi-element mineralized skarn target north of the
NW Zone , - The 2025 soil program verified the historical copper soil anomaly north of the
NW Zone , which has not been drill tested. The copper anomaly north of theNW Zone is 800 m by 400 m using a 200 ppm Cu cutoff.
Since the last update (
Although the main area of drilling is covered by gravels and by definition is a blind discovery, new exposures created by logging activity around the periphery of the
Historical Compilation
NW Zone BHP Drilling 1983-1989: A review of the historical drilling indicates that it mostly consisted of relatively short vertical drillholes which returned significant results (greater than 0.2% Cu) over very broad intervals; see 17 highlighted drillholes in Table 1. More importantly, a detailed review of the drillhole logs and the assay database indicates that 9 of these 17 drillholes ended in copper mineralization. A 1987 report on drillhole E-69 noted upper skarn bands returning up to 2.93% Cu over 3 m and that "the hole was stopped 30 m into a mafic porphyry with patchy brown (biotite?) alteration3 which contains chalcopyrite and molybdenite with grades in the 0.2-0.3% Cu and 0.10-0.050% Mo ranges3."
Table 1: Historical Drilling4 5
Hole Id |
Total |
From (m) |
To (m) |
Interval (m) |
Au (g/t) |
Ag (g/t) |
Cu (%) |
Mo (%) |
Comment |
E-60 |
185.3 |
73.8 |
184.4 |
110.6 |
- |
- |
0.15 |
0.010 |
Ends in mineralization |
E-61 |
152.4 |
32.0 |
125.0 |
93.0 |
- |
- |
0.18 |
0.011 |
Ends in weak mineralization |
including |
|
39.6 |
73.2 |
33.6 |
- |
- |
0.24 |
0.013 |
|
E-62 |
152.4 |
44.8 |
152.4 |
107.6 |
- |
- |
0.15 |
0.020 |
Ends in mineralization |
including |
|
100.6 |
125.0 |
24.4 |
- |
- |
0.33 |
0.011 |
|
E-64 |
452.7 |
18.3 |
295.7 |
277.4 |
0.03 |
0.8 |
0.20 |
0.018 |
Ends in mineralization |
including |
|
137.2 |
292.6 |
155.4 |
0.05 |
1.2 |
0.24 |
0.029 |
|
and |
|
408.4 |
429.8 |
21.3 |
0.01 |
1.0 |
0.12 |
0.020 |
|
E-65 |
202.1 |
152.7 |
192.0 |
39.3 |
0.02 |
1.5 |
0.21 |
0.010 |
Ends in mineralization |
including |
|
169.8 |
178.0 |
8.2 |
0.02 |
4.4 |
0.52 |
0.010 |
|
E-69 |
272.8 |
155.4 |
246.9 |
91.5 |
- |
- |
0.57 |
0.017 |
Ends in mineralization |
including |
|
176.8 |
192.0 |
15.2 |
0.01 |
9.6 |
1.19 |
0.012 |
|
including |
|
218.8 |
234.7 |
15.9 |
0.02 |
9.6 |
1.02 |
0.011 |
|
E-88 |
281.6 |
128.0 |
281.6 |
153.6 |
0.01 |
0.9 |
0.13 |
0.016 |
Ends in mineralization |
including |
|
128.0 |
206.2 |
78.2 |
0.01 |
1.3 |
0.17 |
0.021 |
|
including |
|
189.0 |
206.2 |
17.2 |
0.01 |
2.6 |
0.27 |
0.037 |
|
E-90 |
317.9 |
143.2 |
216.4 |
73.2 |
0.01 |
1.8 |
0.39 |
0.021 |
|
including |
|
192.0 |
210.3 |
18.3 |
0.01 |
5.1 |
0.98 |
0.021 |
|
E-91 |
456.0 |
331.8 |
363.9 |
32.1 |
0.01 |
1.8 |
0.19 |
0.023 |
|
including |
|
331.8 |
347.8 |
16.0 |
0.01 |
3.1 |
0.26 |
0.017 |
|
E-93 |
328.0 |
27.4 |
222.5 |
195.1 |
0.01 |
0.5 |
0.11 |
0.009 |
|
including |
|
33.5 |
61.0 |
27.5 |
0.02 |
0.8 |
0.15 |
0.005 |
|
including |
|
125.0 |
164.6 |
39.6 |
0.01 |
0.5 |
0.14 |
0.017 |
|
E-94 |
267.0 |
210.3 |
267.0 |
56.7 |
0.01 |
0.8 |
0.16 |
0.008 |
Ends in mineralization |
including |
|
231.6 |
267.0 |
35.4 |
0.01 |
0.9 |
0.21 |
0.010 |
|
E-95 |
304.8 |
3.0 |
274.3 |
271.3 |
0.01 |
1.0 |
0.18 |
0.024 |
|
including |
|
161.5 |
216.4 |
54.9 |
0.02 |
1.8 |
0.32 |
0.022 |
|
E-96 |
246.3 |
28.6 |
237.7 |
209.1 |
0.03 |
0.8 |
0.17 |
0.014 |
Ends in weak mineralization |
including |
|
39.6 |
97.5 |
57.9 |
0.04 |
1.1 |
0.21 |
0.024 |
|
including |
|
158.5 |
198.1 |
39.6 |
0.03 |
1.0 |
0.25 |
0.010 |
|
W-5 |
356.6 |
6.7 |
149.4 |
142.7 |
- |
- |
0.15 |
0.019 |
Ends in mineralization |
including |
|
64.0 |
97.5 |
33.5 |
- |
- |
0.19 |
0.018 |
|
and |
|
207.3 |
295.7 |
88.4 |
0.02 |
3.4 |
0.38 |
0.029 |
|
including |
|
253.0 |
289.6 |
36.6 |
0.03 |
6.9 |
0.73 |
0.028 |
|
including |
|
256.0 |
268.2 |
12.2 |
0.03 |
9.5 |
1.31 |
0.013 |
|
W-6 |
456.6 |
106.1 |
438.9 |
332.8 |
0.01 |
0.8 |
0.15 |
0.036 |
Ends in mineralization |
including |
|
112.8 |
155.4 |
42.6 |
0.03 |
1.2 |
0.25 |
0.015 |
|
including |
|
341.4 |
371.9 |
30.5 |
0.01 |
1.0 |
0.19 |
0.052 |
|
W-7 |
108.8 |
16.2 |
108.8 |
92.6 |
- |
- |
0.16 |
0.014 |
Ends in mineralization |
including |
|
60.0 |
75.3 |
15.3 |
- |
- |
0.23 |
0.014 |
|
WP-6 |
91.4 |
21.3 |
91.4 |
70.1 |
- |
- |
0.14 |
0.023 |
Ends in mineralization |
Elements that are noted with a – were not sampled or partially sampled and therefore cannot be reported.
Copper Kettle Field Program
Given the significant historical drilling and large extent of mineralization,
A second phase field program consisting of the collection of 39 soil samples and 6 rock samples was completed in July and results discovered a new mineralized skarn target. Sampling was primarily focused north and northwest of the
Qualified Persons
The technical information contained in this news release has been prepared, reviewed, and approved by
About
On Behalf of the Board of Directors:
"Adam Travis"
Cautionary Notes in News Release and/or Maps
- This news release may contain information about adjacent properties on which
Coast Copper has no right to explore or mine. Investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on the Company's properties. - CIM Special Volume 46 p. 214-238, 1996
-
Fleming , Clarke (1988), Assessment Report 16152 - Historical information, maps or figures contained in this release regarding the Property or adjacent properties cannot be relied upon as the Company's QP, as defined under NI-43-101 has not prepared nor verified the historical information.
- Sources for drillhole table. Drillhole E-60 to 61: Report on
Diamond Drilling on theSunset Group of Mineral Claims ,Port Hardy , 1984,Holland , G,Fleming , J.A., Assessment Report 13346, drillhole E-64:Diamond Drilling on the Central 86Group of Claims , 1985, Clarke, G.A., Assessment Report 14084, drillhole E-65: Diamond Drilling Report on theCentral-86 Group of Claims , 1986, Fleming J.A., Assessment Report 14777, drillhole E-69: FAME Report:Diamond Drilling , Geophysical and Geochemical Surveys on the Island CopperMine Area , 1986, Clarke, G.A, Assessment Report 15707, drillhole E-88, 90, 91, 93, 94, 95 and 96: Drilling Report on the East 90, Kol 90 and Central 90 Groups, 1989, Clarke, G.A.,Fleming , J.A., Assessment Report: 18805, drillhole W-5: Drilling Report on theSunset Group of Claims , 1983,Fleming , J.A., Assessment Report 12271 with extension drilling 15707, drillhole W-6: Assessment Report 12271 with extension drilling: Drilling Report on the East 90, Kol 90 and Central 90 Groups, 1989, Clarke, G.A.,Fleming , J.A., Assessment Report 18805, drillhole W-7: Assessment Report 12271, drillhole WP-6:Diamond Drilling and Percussion Drilling on theSunset Group of Claims (Bay and Cove Claims), 1985,Fleming , J.A., Assessment Report 13536. All retrieved from the ARIS website. - The QP has been unable to verify the information and that the information is not necessarily indicative to the mineralization on the property that is the subject of the disclosure.
- Island Copper Minfile Record Summary, Minfile No 092L158, retrieved from ARIS website.
Neither the
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
Certain information contained or incorporated by reference in this press release, including any information regarding the proposed Transaction, private placement, board and management changes, as to our strategy, projects, plans or future financial or operating performance, constitutes "forward-looking statements." All statements, other than statements of historical fact, are to be considered forward-looking statements. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable by
SOURCE