Vancouver, British Columbia, January 18, 2023 /CNW/- Coast Copper Corp. (“Coast Copper”) or “company”) (TSXV: COCO) has (“property“), the focus is on utilizing all available recent and historical data to develop new geological models that incorporate structural and petrological controls observed at surface, subsurface, and drill cores. There was. Our new model highlights a potential continuation of the descent near the surface, approximately one kilometer (“km”) Northeast to Lake Benson Mine. Geological observations and mapping of the surface, ore mineral occurrences, and subsurface working and drill hole data also show that these thrust horizons and associated mineralization occur along strikes along a 5 km northward trend. indicates that
Adam TravisCoast Copper CEO commented: “The first to acquire and compile 100 years of historical data, complete and integrate new and historical geophysical and geochemical data, and confirm and extend known mineralization. Conducting drilling programs, Dr. Jim Oliver Completing the geological outline was a long and continuous process, but all of this led to the most significant advance in geological understanding in the project’s 100-year history. We now take Dr. Oliver’s observations and conclusions and consider them in the context of both our and historical data to explain known mineralization and, more importantly, We have developed multiple stacked thrust geological models that provide many new target areas to view. We look forward to returning to the facility this year to drill test our new model. “
Recently completed fieldwork led by Dr. Jim Oliver, current resource blocks, and the importance of regional-scale planar features to the occurrence of other minerals throughout the property. The new model highlights the potential for significant copper-gold-iron mineralization to continue up to 500 meters adjacent (“meters“) At elevations below the mineralization of the Merry Widow Pit, it continues along the trend of these regional features and descends towards the Lake Benson Mine. Figure 1 When 2 Outline these larger planes. The strengthening of mineralized zones may be related to the contact of minor fault crossings and discordant embankments. The stacked thrust model is consistent with local and regional observations and correlates well with copper–gold–iron mineralization recorded in the drill core and historical observations from below ground. This model demonstrates the possible existence of multiple near-surface targets between the Merry Widow open pit and the subsurface of Lake Benson. Our understanding of the relationship between these controls and intersecting structures will prove invaluable in guiding future drilling programs.
Coast Copper will be exhibiting at Booth 904 at the AME Roundup Conference. Vancouver from January 23-26, 2023 We invite all participants to discuss our new and exciting geological model.
We also encourage our shareholders to attend the next Annual General Meeting and Extraordinary General Meeting of Shareholders (“meeting“) Vancouver in that office January 26, 2023 so 9:00 amDue to the ongoing COVID 19 pandemic, all shareholders are strongly encouraged to vote in advance of the meeting and attend the conference call using the phone number provided in the Management Information Circular. Our current 10% Rolling Long Term Incentive Plan (“LTIP“) was approved by shareholders at the Company’s Annual General Meeting of Shareholders held in December 2018. March 28, 2022. As of the reference date, February 12, 2022, the number of listed shares issuable under the LTIP was 5,529,669. LTIP replaced our previous 10% Rolling Stock Option Plan following the changes in TSX Venture Exchange Policy 4.4 that came into effect. November 24, 2021.
qualified person
The technical information contained in this news release is wade burns, P. Geo. (BC), a geological consultant for Coast Copper and a qualified person within the context of Canadian Securities Administrators’ National Instrument 43-101. Disclosure standards for mineral projects.
About Coast Copper Corp.
The focus of Coast Copper’s exploration is the optional Empire Mine located in northern Vancouver Island. british columbiacovers three historic open pit mines and two historic underground mines that have yielded iron, copper, gold and silver. Coast Copper’s other properties include the wholly owned Nob Hill NW property in northern Vancouver Island, the Home Brew and Shovelnose South properties in central British Columbia, and the “Golden Triangle” in northern British Columbia. Includes Scotty West properties.Check out the Western Precious and Base Metal Opportunities North America.
On behalf of the Board of Directors:
“Adam Travis”
Adam TravisChief Executive Officer and Director
NOTICES ABOUT THIS NEWS RELEASE AND/OR MAP
- NI 43-101 Technical Report: Giroux, GH, & Raven, W. (November 30, 2008). Technical Report on Merry Widow Property’s Copper Gold Resources. Submit to SEDAR January 22, 2009The 2008 Grand Portage resource estimate is Gary H. GiraudP.Eng, MASc, Giroux Consulting Ltd. Vancouver, British Columbia This estimate is based on 4,448 meters of diamond drilling, 43 drill holes, 2,290 assays, and December 2006This resource was reported using a gold cutoff grade of 0.10 g/t to 3.00 g/t as more specifically described in the report. A full copy of the report is available at SEDAR (www.sedar.com). A cut-off grade of 0.50 g/t gold was chosen as his one of the possible mining scenarios. For computational purposes, lognormal cumulative frequency plots were used to assess grade distributions to determine whether capping of high values was necessary and, if so, at what level. For all elements, capping levels were set based on individual magnitude distributions as follows: t Ag, Cu—A total of 7 assays were capped at 11.7% copper. Cobalt–A total of 5 assays were capped at 0.48% cobalt. Iron — All iron assays are 50% iron (analytical detection limit).
- Cominco Resources, drill section map, “Cominco’s Plans for Benson Lake Operations Against Imperial Claims Showing Ore Reserves and Proposed Exploration Programs,” 1970, personal files. Coast Copper says Cominco’s historical results are not compliant with his NI 43-101 and have not been validated by his QP at the company, but these combined historical resources total about 3.154 million tons and will help guide Coast Copper’s exploration program.
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Cautionary Note Regarding Forward-Looking Information
Certain information contained in or incorporated by reference in this press release includes information regarding proposed transactions, private placements, changes in the board of directors and management, the Company’s strategies, projects, plans, or future financial or operating results. and constitute “forward-looking statements”. ” All statements other than statements of historical fact are considered forward-looking statements. Forward-looking statements, while believed by Coast Copper to be reasonable, are not material in nature. Coast Copper bases itself on a number of estimates and assumptions that are subject to business, economic, geological and competitive uncertainties and contingencies. Although we believe we are based on reasonable assumptions, such statements are not guarantees of future performance. Such factors include fluctuations in market prices, successful exploration and development, continued availability of capital and funds, changes in national and local government laws, taxation, administration, Many of these uncertainties and contingencies include, but are not limited to, regulation, expropriation or nationalization of property, and general political, economic, market or business conditions. may affect our actual results, which could differ materially from those expressed or implied by forward-looking statements made by or on our behalf. Readers are cautioned that forward-looking statements are not guarantees of future performance, and readers are therefore advised to rely on their own assessment of such uncertainties. All forward-looking statements made in or incorporated by reference in this press release are qualified by these cautionary statements.We undertake no obligation to update any forward-looking statements. shall be
