Highlights
HOP22-DDH-03 returned 15.27m at 2.80% CuEq from 62.23m, the best high-grade intersect ever drilled in the
HOP22-DDH-02 returned 16.52m at 1.27% CuEq from 107.02m, the longest intercept grading over 1% CuEq obtained to date from horizon #2 of the
High-grade mineralization in horizon #1 is now known to occur over 300m north-south and 200m east-west and remains open to the north and south by several hundred metres
'These holes, especially HOP22-DDH-03, returned excellent grades,' stated Dr.
Full assay results of HOP22-DDH01, 01B, 02, and 03
Hole HOP22-DDH-01 was collared on the eastern edge of a geophysical EM anomaly (Fig. 1) that is associated with massive magnetite and copper-iron sulphides in the skarn. The hole intercepted a single skarn horizon that yielded 0.731% Cu, 1.37 g/t Au and 5.5 g/t Ag over 91cm from 69.50m before it had to be abandoned at 104m due to ground conditions. Hole HOP22-DDH01B was collared from the same pad as HOP22-DDH-01 and drilled at a steeper grade. The hole intercepted 8 skarn horizons ranging from 1 to 6.99m thick and grading up to 1.59% CuEq.
Hole HOP22-DDH-02 intersected 16.52m at 1.27% CuEq from 107.02m in what is modeled as skarn horizon #2. This is the first time that horizon #2 intersected meaningful grades of copper over a significant intercept and indicates the potential for this horizon to also host significant mineralization. The hole was collared in between two 2011 drill holes to test the continuity of high-grade horizon #1 around 70m depth. Horizon #1 was not intercepted because an unmineralized intrusive dyke was cut where the prospective skarn horizon was expected.
About
Contact:
Dr.
CEO and Director
E: jverbaas@cavumining.com
T: 604-493-2997
Forward-Looking Statements
All statements, other than statements of historical fact, included herein are forward-looking statements that involve various 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 are disclosed in the Company's documents filed from time to time with the Canadian Securities Exchange, the
[1] For information on the geophysical survey shown and all drilling pre-2021, readers are referred to the Company NI43-102: 'Technical Report on the
(C) 2022 Electronic News Publishing, source