T2 Metals Completes Drilling Targets and Begins Permits at Cora Copper Project in Arizona
VANCOUVER, British Columbia–(Newsfile Corp. – March 2, 2023)- T2 Metals Co., Ltd. (TSXV: TWO) (OTCQB: AGLAF) (WKN: A2DR6E) (“T2” or “Company”) is pleased to announce that it has completed targeting the planned drilling program at the Cola Copper Project in Pinal County, Arizona. A permit application for the drill program will be submitted to the Department of Land Management (Tucson Office) to allow construction and associated access for up to five drill sites. In parallel, the company is evaluating contracts for drill pad construction and core drilling.
Cora is located 75 km north-northeast of Tucson, in the heart of the Southern Arizona copper belt and surrounded by many of North America’s largest copper mines and development projects. The project is 100% owned by the Company and is protected by 46 grants of his BLM Prospect Concession covering a total of 3.84 square kilometers. Cora is characterized by extensive cuprate/carbonate mineralization under shallow cover just east of the North Star copper mine (closed in 1970, see Figure 1). Copper mineralization was discovered at Kola by a series of core and open (“churn”) boreholes drilled in the 1950s and 1960s. Mineralization styles exposed at Polaris (see Figures 2 and 3) and described in drilling logs indicate that Kora may host porphyry copper-style mineralization buried under alluvial cover. suggests.
The cola target’s potential is reinforced by geophysical surveys (aeromagnetic and radiometric) completed by T2 Metals during 2022 (see press release dated June 9, 2022). Aeromagnetic data define a discrete elliptical magnetic cyclone (Fig. 4), interpreted to be approximately 1.5 km x 1.5 km in size, and associated with copper oxide mineralization drilled by California Steel in the 1950s. corresponds partially to the region of A magnetic cyclone is interpreted as corresponding to an intruder, strongly supporting an embedded copper porphyry-style target.
The first exploration company record held by the Arizona Geological Survey indicates that past drilling at Cola intersected copper oxide mineralization at widths greater than 100 m under shallow alluvial cover over an area of at least 1 km x 1 km. indicates that you have Intervals include:
- DH5: 99.7m (327ft) @ 0.28% Cu*alluvial cover < 10.7 m (California Steel Co., 1950s)
- DH4: 39.6m (130ft) @ 0.38% Cu*below 47.2 m of alluvial cover (California Steel Co., 1950s)
- DH1: 225.5m (740ft) @ 0.29% Cu*less than 42.7m of alluvial cover (California Steel Co., 1950s)
The shallow cover depth is supported by a CSAMT profile that emphasizes the contact between the subsurface cover and the bedrock.
Mark Saxon, President and CEO of T2 Metals, commented: Excavated 70 years ago to support buried porphyry copper-style mineralization.
“Recent site visits have enabled drilling and access planning for our top priority objectives. looking forward to it.”
The T2 Metals team will be at the PDAC conference March 5-8 in Toronto at booth 2941. Visit us to discuss her Cora and other opportunities in the T2 Metals portfolio, or contact CEO Mark Saxon at msaxon@t2metals.com.
T2 Metals is focused on the acquisition, exploration and development of copper, nickel and lithium within the major mining belts of western North America. The company continues to target unexplored areas, including the post-mineralized Lida and Cola projects that cover geological prospects near the main mines.
Figure 1: South-east direction from the North Star copper mine to the Cora project (North Star is not owned by T2 Metals).
To view an expanded version of Figure 1, please visit:
https://images.newsfilecorp.com/files/7326/156883_c776f852a4bb8b92_002full.jpg
Figure 2: Copper oxide and carbonate mineralized rocks from the North Star mine dump (North Star not owned by T2 Metals).
To view an expanded version of Figure 2, please visit:
https://images.newsfilecorp.com/files/7326/156883_fig2.jpg
Figure 3: Sericite alteration intrusions from the North Star mine dump (North Star not owned by T2 Metals).
To view an expanded version of Figure 3, please visit:
https://images.newsfilecorp.com/files/7326/156883_c776f852a4bb8b92_005full.jpg
Figure 4: Magnetic low-rise under the cover of the Cora Copper project as defined by Aguila’s 2022 Aeromagnetic Survey. RTP images shown with cola claim outlines (yellow), outcrop boundaries (brown), and copper future zones (red). WGS 84 UTM Zone 12N
To view an expanded version of Figure 4, please visit:
https://images.newsfilecorp.com/files/7326/156883_fig4.jpg
technical background
Any reference to the terms “ore mineral”, “mineralization” or “mineralization zone” is purely for descriptive purposes and should not be interpreted or relied upon as a resource or economic valuation of the project at this time. is not intended for We obtained historical exploration data for this press release from the Arizona Geological Survey. Historical exploration data were generated by reputable companies applying practices of the day, but Aguila does not validate the data or determine the quality assurance and quality control measures applied to generate the data. I can not do it. Additionally, there is no guarantee that exploration history will be fully captured. Additional drilling may have taken place, but we are not aware of or have obtained additional data. Therefore, we caution that the exploration data reported in this news release may not be reliable. The reader is cautioned that a “qualified person”, as defined by National Instrument 43-101, has not completed sufficient work to verify historical information and should not rely on this information. please give me.
*Drilling results are historical and have not been verified by a “qualified person” as defined by National Instrument 43-101. Drilling locations are determined from a map containing local grid coordinates for the day, which cannot be transformed to up-to-date coordinates with a high degree of accuracy. Therefore, the results should not be relied upon and should only be considered as indicative of the mineral potential of the project.
Our Project Qualifier, Mark Saxon, our Chief Executive Officer, Fellow of the Australian Institute of Mining and Metallurgy, Member of the Australian Institute of Geoscientists, has reviewed the contents of this release. Considered and approved.
About T2 Metals (TSXV: TWO) (OTCQB: AGLAF) (WKN: A2DR6E)
T2 Metals Corp is a copper and precious metals start-up that enhances shareholder value through exploration and discovery. T2 focuses on the Sheridon Project in Manitoba, the Lida Project in Nevada and the Cola Project in Arizona.
On behalf of the Board of Directors,
“Mark Saxon”
Mark Saxon
President and CEO
For more information, please contact:
1305 – 1090 West Georgia St., Vancouver, BC, V6E 3V7
info@t2metals.com
Neither TSX Venture Exchange nor its regulated service providers (as those terms are defined in the TSX Venture Exchange Policy) are responsible for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
Certain information in this news release constitutes forward-looking information. Forward-looking statements often, but not always, “seek,” “forecast,” “plan,” “continue,” “estimate,” “expect,” , and is identified by the use of words such as “scheduled”. , “intend”, “could”, “could”, “should”, “believe”, etc. Forward-looking statements are based on the opinions and expectations of our management as of the effective date of such statements and, in some cases, on information provided or distributed by third parties. Although we believe that the expectations reflected in forward-looking statements are based on reasonable assumptions and that information obtained from third-party sources are reliable, we cannot prove that those expectations are correct. there is no guarantee that Readers are cautioned not to place undue reliance on forward-looking statements.
These forward-looking statements involve a number of risks and uncertainties. Actual results may differ materially from those implied by forward-looking statements. Accordingly, actual events may differ materially from those anticipated in the forward-looking statements. Such risks include uncertainties associated with exploration activities. Investors and others should carefully consider the aforementioned factors and other uncertainties when making decisions relying on forward-looking statements and should not rely on such forward-looking statements. It should not be overly relied upon. We do not undertake to update any forward-looking statements, except as required by applicable securities laws.
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