by Greg Klein | October 20, 2016
Having released a PEA for its Carmacks copper-gold-silver project in the Yukon the previous week, Copper North Mining TSXV:COL reported drill results from the northern British Columbia Thor project on October 20. After two previous holes on the 20,000-hectare property’s Thor West area came up dry, a Thor East hole did better:
- 0.14% copper and 0.045 g/t gold over 107.6 metres, starting at 11.65 metres in downhole depth
- (including 0.23% copper and 0.069 g/t gold over 37.13 metres)
- (which includes 0.28% copper and 0.087 g/t gold over 23.85 metres)
True widths were unavailable.
Traces of copper continue beyond that intercept to the end of the hole at 169.16 metres, the company stated. “The transition from stronger mineralization and quartz-veining at the top of the hole to weaker copper mineralization and phyllic alteration at depth suggests that drill hole TH16-01 may flank a mineralized porphyry centre.”
Next steps would include ground surveys at Thor East and evaluating multiple geochemical targets and alteration zones, the company added. Field work has already identified multiple targets over a four-by-six-kilometre area southeast of TH16-01.
“The large area of porphyry alteration and gossan zones remain an attractive exploration target,” commented president/CEO Harlan Meade. “The Thor project provides Copper North with an opportunity to explore for porphyry copper-gold type mineralization in the slopes and valleys 20 kilometres to the south of the Kemess South mine and mill complex.”
The former mine now lies within AuRico Metals’ (TSX:AMI) Kemess Underground gold-copper-silver property.
Copper North holds a 100% option on Thor, which has a road and power line passing through the property.
The company closed private placements totalling $279,050 this month.