North Lake Zone confirms existence of Porphyry mineralization from surface to 173 meters “173.6 meters grading 0.23% copper starting at 2.9 meters.”- Discovery of Area 74, new unexpected mineral zone of molybdenum “30.8 meters grading 0.10% molybdenum (0.16 MoS2 eq.) starting at 113.7 meters, including 7.5 meters grading 0.32% molybdenum (0.51% MoS2 eq.) starting at 113.7 meters.”
- 7km-long trend defined with
Molybdenum Zone 74 , Copper Porphyry atNorth Lake Zone , and carbonate style mineralization to the north at hole 84.
Assay results are now available for 11 of the 13 holes completed to-date (2,140 meters), with samples from the final two holes currently in the lab undergoing analysis and anticipated shortly. MSALabs of
Company CEO Mr.
“We are extremely pleased to provide assay results from our 2022 drill program at the
2022 Field Season Drill Results
Significant assay results from the program include drill hole IN22-82 that targeted the
Figure 1: Drill location map on the
Drill Hole IN22-82 intersected 173.6 meters grading 0.23% copper starting at 2.9 meters including 28.9 meters grading 0.47% copper starting at 2.9 meters. It was drilled east to west and constitutes the northern boundary of the
Table 1: Diamond Drill Assay Results from
Hole # | From (m) | To (m) | Intercept (m) | Copper (%) |
IN22-80 | 5.2 | 41.2 | 36.0 | 0.11 |
IN22-81 | 1.2 | 107.2 | 106.0 | 0.13 |
including | 7.2 | 39.2 | 32.0 | 0.21 |
IN22-82 | 0.9 | 258.9 | 258.0 | 0.19 |
including | 2.9 | 173.6 | 170.7 | 0.23 |
Including | 2.9 | 28.9 | 26.0 | 0.47 |
and | 76.6 | 116.6 | 40.0 | 0.30 |
and | 131.6 | 173.6 | 42.0 | 0.24 |
and | 195.6 | 221.6 | 26.0 | 0.28 |
IN22-85 | 23.2 | 51.6 | 28.4 | 0.22 |
and | 72.9 | 89.6 | 17.0 | 0.20 |
Copper mineralization in the
Molybdenum Discovery in Drill Hole IN22-74 intersected 30.8 meters grading 0.10% molybdenum (0.16 MoS2 eq.) starting at 113.7 meters, including 7.5 meters grading 0.32% molybdenum (0.51% MoS2 eq.) starting at 113.7 meters. Mineralization occurs in a granitic intrusive capped by a gabbroic intrusive. Depth and lateral extent of the molybdenum mineralization, which occurs as disseminations and stockwork veins without significant copper, is unknown. The final sample in the hole returned 0.043% Mo. The discovery has been named “Area 74”.
Table 2: Diamond Drill Assay Results from the Molybdenum Discovery during the 2022 Exploration Program at the
Hole # | From (m) | To (m) | Intercept (m) | Molybdenum (%) | (MoS2 eq.) (%) |
IN22-74 | 113.7 | 144.5 | 30.8 | 0.10 | 0.16 |
including | 113.7 | 121.2 | 7.5 | 0.32 | 0.51 |
Hole IN22-84 tested a Carbonate Replacement Deposit (“CRD”) target located approximately 2 kilometers north of the
The 2022 exploration program focused on porphyry copper related, and carbonate replacement (CRD) style mineralization. The discovery of a blind molybdenum system was not anticipated.
About the
Figure 2: Location of the
Qualified Person
This news release has been reviewed and approved by Mr.
On Behalf of the Board of Directors,
~Darryl Jones~
CEO, President & Director
Contact
Invictus Investor Relations
+1 (604) 343.8661
walter@invictusir.com
About
Forward-Looking Statements
This news release contains forward-looking statements and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipate”, “expects” and similar expressions. All statements other than statements of historical fact, included in this news release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include the results of further exploration and other risks detailed from time to time in the filings made by the Company with securities regulators. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements as expressly required by applicable law.
Figure 1:
Drill location map on the Indata Project , in Central British Columbia
Figure 2:
Location of the Indata Project , with Inset Map of the District
2023 GlobeNewswire, Inc., source