Highlights
Vein-controlled molybdenum and copper mineralization was identified in several sections of core from holes drilled by previous operators and provide further evidence of a large porphyry system on the
All unsampled intervals with porphyry style alteration and mineralization are now sampled and will be assayed
Drill crews are making excellent progress with 580 m drilled in two holes at the
The Company expects to start porphyry drilling in the coming days
'The drilling program is off to a great start and we have an excellent crew in the field,' stated Dr.
'Two historic holes bottomed in previously unsampled mineralization. Most importantly, hole HOP15-05 bottomed in 50 m of propylitic alteration with intermittent chalcopyrite, which is believed to be continuous with the intercept in hole HOP21-DDH06 from our 2021 drill program. The unsampled historic core are early validation of our work on the southern porphyry target and will be assayed this summer. The intercepts strengthen our belief that the project hosts a large multi-target calc-alkalic porphyry system, which we look forward to drilling in the coming days.'
Historical Core Sampling near South Porphyry
Several intercepts of core with visible copper and molybdenum mineralization were not sampled during past programs. These intercepts include quartz-feldspar porphyry dikes at depth in the
Historical Core Sampling near North Porphyry
Previously unsampled core in hole HOP-15-005 in the last ca. 75m also contains evidence for porphyry-style mineralization and alteration. The sampled interval contains vein-controlled and disseminated chalcopyrite and molybdenite associated with both moderate to strong chlorite-magnetite+/-epidote and quartz-sericite-pyrite+/-carbonate alteration. These alteration assemblages are typical in zones proximal to the mineralized centres of porphyry deposits. The sampling extends known disseminated copper mineralization 200m north and 200m at depth from the well mineralized interval in HOP21-DDH06.
Drilling progress
Drilling on the
About
Contact:
Dr.
Tel: 604-493-2997
Email: jverbaas@cavumining.com
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
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