[Marinir] {Disarmed} Copper Creek (TSX-V: CPV) Drills 22.30 Meters of 1.18 g/t Gold Equivalent
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Wed May 2 14:12:40 CEST 2012
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Copper Creek Drills 22.30 Meters of 1.18 gpt Gold Equivalent* at Santa
Lucia Project (Includes .392gpt Gold and 39.6 gpt Silver)
Copper Creek Gold Corp. (TSX-V: CPV
http://www.stockwatch.com/Quote/Detail.aspx?action=go&symbol=CPV®ion=C&lookup=symbol&snapshot=default
) is pleased to announce results from a recently completed diamond
drilling program on its Santa Lucia project in Sonora, Mexico.
The Company completed 10 drill holes, totalling 1,545 meters. These
holes were designed to confirm and expand historical intercepts, as well
as test various depths of this large epithermal gold and silver bearing
system.
Drilling intercepted significant widths of near surface gold and silver
mineralization. "We are very pleased to confirm Cominco Ltd.'s
historical drill core grades. These results will aid greatly in
advancing our understanding of controls of mineralization for the
project. We look forward to applying this new knowledge as we plan our
subsequent exploration and definition drill program, designed to
establish resources while further exploring for high grade
mineralization within the Central and South zones," said Kristian
Whitehead, VP Exploration for the Company.
The drilling tested several quartz veining and stock-work sections along
a 4,000-metre strike length and to a vertical depth down to 350 metres.
"This drilling program has definitively established this trend of
mineralization for 4km of strike length, thus demonstrating significant
tonnage potential. A great deal of work now needs to be done to begin to
establish a resource on the Santa Lucia property. Also, the Company will
begin to do preliminary metallurgical testing in order to estimate
potential gold and silver recoveries," stated James Anderson, President
of Copper Creek. "It should also be noted by shareholders that silver
often makes up approximately two-thirds of the value of the
mineralization in these drill results".
SOUTH ZONE:
Drilling in the South Zone successfully encountered appreciable
intervals of near surface gold and silver grades as follows:
From
(m) To
(m) Width
(m) Au
(g/t) Ag
(g/t) AuEq*
(g/t)
SLS12-29
Significant
Intersections 18.15 31.25 13.10 0.479 40.3 1.29
37.00 41.00 4.00 0.177 4.60 0.21
48.00 48.85 0.85 0.771 27.1 1.31
SLS12-30
Significant
Intersections 40.00 54.88 14.88 0.198 21.3 0.62
94.20 99.00 4.80 0.412 8.90 0.59
Central Zone:
Drilling in the Central Zone targeted the depth extension of drilling
completed by Cominco Ltd. in the 1990s. These results are approximately
1,000 metres north of the results obtained in the South Zone.
From
(m) To
(m) Width
(m) Au
(g/t) Ag
(g/t) AuEq*
(g/t)
SLC12-28
Significant
Intersections 42.70 65.00 22.30 0.392 39.6 1.18
Historical Cominco Ltd. Drill Results **:
From
(m) To
(m) Width
(m) Au
(g/t) Ag
(g/t) AuEq*
(g/t)
SLC-01 4.45 21.70 17.25 0.425 79.39 2.01
SLC-04 23.05 46.00 22.95 0.506 26.63 1.04
SLC-06 6.95 20.20 13.25 0.349 46.55 1.28
SLC-14 48.78 85.36 36.58 0.254 13.35 0.52
North Zone:
Drilling in the North Zone continues to demonstrate significant widths
of near-surface, low-grade gold and silver mineralization, especially in
SLN12-22. Encountering this mineralization in much the same geological
setting as in the South and Central Zones is highly encouraging. It
should be noted that these results are approximately 3,000 metres north
of the Central Zone and 4,000 metres north of the South Zone.
From
(m) To
(m) Width
(m) Au
(g/t) Ag
(g/t) AuEq*
(g/t)
SLN12-21 No Significant Intersections
SLN12-22 3.00 22.50 19.50 0.186 29.1 0.76
SLN12-23 49.00 52.13 3.13 0.134 9.0 0.31
SLN12-24 22.50 23.94 1.44 0.140 9.6 0.33
28.08 28.60 0.52 0.145 3.4 0.21
45.00 45.80 0.80 0.447 6.2 0.57
52.20 53.26 1.06 0.126 15.3 0.43
54.00 54.47 0.47 0.188 10.0 0.39
57.58 57.99 0.41 0.181 13.0 0.44
79.58 80.20 0.62 0.207 11.2 0.43
111.00 111.40 0.40 0.112 8.6 0.28
133.55 134.28 0.73 0.130 15.2 0.43
135.89 138.00 2.11 0.171 21.6 0.60
144.14 145.25 1.11 0.178 10.9 0.40
SLN12-25 52.85 55.53 2.68 0.157 8.0 0.32
SLN12-26 15.00 17.00 2.00 0.196 12.4 0.44
SLN12-27 14.25 16.00 1.75 0.283 26.4 0.81
101.73 105.40 3.67 0.604 29.3 1.19
* Prices used in Au Equivalent (AuEq) Calculations: Au: $1600, Ag: $32
dollars/oz and assumes 100% metallurgical recovery
** Obtained from Cominco Ltd. historical data.
The Santa Lucia gold-silver project is located 200 kilometres southeast
of Hermosillo in Sonora, Mexico. Copper Creek may earn a 60% interest in
Santa Lucia from Kootenay Silver Inc. (KTN- V) by spending $2,000,000 in
exploration and making modest cash and share payments to Kootenay over a
four-year period.
All Copper Creek holes reported were drilled with HQ sized diamond drill
core. Core samples were cut using a core saw with, on average, 1.5 meter
long sample intervals. All mineralized intercepts are drill core length;
no attempt to determine true thickness has been made at this time.
All samples have been assayed by ALS Minerals of North Vancouver,
British Columbia and were subjected to a QAQC program, which included
standards, blanks, field duplicates, and preparation duplicates.
The foregoing geological disclosure has been reviewed and verified by
Kristian Whitehead, VP Exploration, P.Geo., a qualified person for the
purpose of National Instrument 43-101, Standards of Disclosure for
Mineral Projects.
About Copper Creek Gold:
Copper Creek Gold Corp. is a Canadian-based mineral exploration company
actively exploring in British Columbia, Canada and Mexico. The Company
holds exploration properties in the Eskay Creek area of Northern British
Columbia, the Blackwater area of Central British Columbia, and the
Sierra Madre region of Sonora, Mexico. For more information on Copper
Creek Gold Corp., visit our web site: http://www.coppercreekgold.com
ON BEHALF OF THE BOARD
James Anderson, President
FOR FURTHER INFORMATION CONTACT
James Anderson, President
Tel. 604-662-3004, ext. 105
Cell: 778-989-5346
james at coppercreekgold.com
Bing Jung, CEO
Tel. 604-662-3004, ext. 101
bjung at coppercreekgold.com
www.coppercreekgold.com
http://www.coppercreekgold.com
Neither the TSX Venture Exchange nor the Investment Industry Regulatory
Organization of Canada (IIROC) accepts responsibility for the adequacy
or accuracy of this release.
This news release includes certain forward-looking statements or
information. All statements other than statements of historical fact
included in this release, including, without limitation, statements
regarding future plans and objectives of Copper Creek 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 Copper Creek's plans or
expectations include availability of capital and financing, general
economic, market or business conditions, regulatory changes, timelines
of government or regulatory approvals and other risks inherent in the
oil and gas and mineral exploration industries and from the time to time
in the filings made by Copper Creek. Copper Creek makes all reasonable
efforts to update its corporate material, documentation and
forward-looking information on a timely basis.
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